The Lakeway Municipal Utility District will hold a public hearing on a proposed tax rate for the tax year 2020 on September 9, 2020 at 9:30am at the District Office located at 1097 Lohmans Crossing. Your individual taxes may increase or decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.
|FOR the proposal:||Larry Burmeier|
|AGAINST the proposal:||None|
|PRESENT and not voting:||None|
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)||.1058/$100
|Difference in rates per $100 of value||$.00/$100|
|Percentage increase/decrease in rates (+/-)||0%|
|Average appraised value||$467,467||$469,067|
|General exemptions available (excluding senior citizen’s or disabled person’s exemptions)||0||0|
|Average taxable value||$461,415||$467,595|
|Tax on average residence Homestead||$488.18||$494.72|
|Annual increase/decrease if|
|proposed tax rate is adopted (+/-)||$6.54|
|and percentage of increase (+/-)||1.33%|
NOTICE OF TAXPAYERS’ RIGHT TO ROLLBACK ELECTION
If taxes on the average residence homestead increase by more than three and one half percent, the qualified voters of the District by petition may require that an election be held to determine whether to reduce the operation and maintenance tax rate to the rollback tax rate under Section 49.236(d), Water Code.