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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

 512-834-9317

 www.Traviscad.org

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.

  • City Hall   |   512.267.1155   |   5803 Thunderbird Drive   |   Hours 7am-6pm Monday-Thursday
  • Police Department   |   512.267.7141   |   5901 Municipal Complex Way
  • Lago Vista Public Library   |   512.267.3868   |   5803 Thunderbird, Ste. 40
  • Lago Vista Golf Course   |   512.267.1170   |   4616 Rimrock Drive
  • LISTEN TO ONLINE STREAMING OF LAGO RADIO 1670/AM HERE.
 
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