Notice of 2018 Tax Year Proposed Tax Rate
City of Lago Vista
A tax rate of $ 0.65 per $100 valuation has been proposed for adoption by the governing body of City of Lago Vista.
This rate exceeds the lower of the effective or rollback tax rate, and state law requires that two public hearings be held by the governing body before adopting the proposed tax rate.
The governing body of City of Lago Vista proposes to use revenue attributable to the tax rate increase for the purpose of General Fund Operations and Maintenance.
PROPOSED TAX RATE $ 0.65 per $100
PRECEDING YEAR’S TAX RATE $ 0.65 per $100
EFFECTIVE TAX RATE $ .5923 per $100
ROLLBACK TAX RATE $ .5538 per $100
The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for the City of Lago Vista from the same properties in both the 2017 tax year and the 2018 tax year.
The rollback tax rate is the highest tax rate that the City of Lago Vista may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate.
YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED AS FOLLOWS:
property tax amount = ( rate ) x ( taxable value of your property ) / 100.
For assistance or detailed information about tax calculations, please contact:
Travis County Appraisal District
Travis County - tax assessor-collector
8314 Cross Park Drive
You are urged to attend and express your views at the following public hearings on the proposed tax rate:
First Hearing: September 6, 2018; 6:30 p.m. at 5803 Thunderbird, Lago Vista, Texas.
Second Hearing: September 13, 2018; 6:30 p.m. at 5803 Thunderbird, Lago Vista, Texas.