Notice of Public Hearing on Tax Rate

The Lakeway Municipal Utility District will hold a public hearing on a proposed tax rate for the tax year 2023 on September 13, 2023 at 9:30am at the District Office located at 1097 Lohmans Crossing. Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the tax rate that is adopted and on the change in the taxable value of your property in relation to the change in the taxable value of all other property. The change in taxable value of your property in relation to the change in taxable value of all other property determines the distribution of the tax burden among all property owners.

Visit Texas.gov/Property Taxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity that taxes your property.

FOR the proposal: Lawrence Christian
Phil Lanier
Larry Burmeier
Don Goff
AGAINST the proposal: none
PRESENT and not voting: none
ABSENT: Frank Cooley

The following table compares taxes on an average residence homestead in this taxing unit last year to taxes proposed on the average residence homestead this year.

 

Last Year This Year
Total Tax Rate (per $100 of value) 0.0631/$100 0.0531/$100
Adopted Proposed
Difference in rates per $100 of value -$0.01/$100
Percentage increase/decrease in rates (+/-) (-15.85%)
Average appraised value $845,434 $837,598
General exemptions available (excluding senior citizen’s or disabled person’s exemptions) 0 0
Average taxable value $581,224 $638,071
Tax on average residence Homestead $366.75 $338.82
Annual increase/decrease in taxes if
proposed tax rate is adopted (+/-) (-$27.93)
and percentage of increase (+/-) (-7.62%)

NOTICE OF VOTE ON TAX RATE
If the District adopts a combined debt service, operation and Maintenance, and contract tax rate that would result in the taxes on the average residence homestead increasing by more than eight percent, an election must be held to determine whether to approve the operation and maintenance tax rate under Section 49.23601, Water Code.

 

As published two consecutive weeks in the Lake Travis View prior to September 13, 2023