HomeMy WebLinkAboutAd Valorem presentationWestlake Town Council Meeting
June 28, 2010
To TAD
Establishes exemptions
Must act by July 1 st
Or, tax rate will not allow for exemption
considerations until June 2011
(July 1 st deadline)
Tax rate
Appraised value
Tax Rate
- Interest & Sinking (Debt service)
- Operations & Maintenance
• Appraised Value
- Minus Exemptions
- Minus Abatements
Over 65 years of age/Disabled
Optional Homestead
No final action on tax rate until August
Need to set exemptions NOW if we want
them in place for FY 10-11
Set exemptions conservatively; Can always
adjust tax rate downward