Tax Rate Notice

As required by Tax Code §26.05(b)(2)

“The City of Lake Dallas adopted a tax rate that will raise more taxes for maintenance and operations than last year’s tax rate.  The tax rate will effectively be raised by 5.7218 percent and will raise taxes for maintenance and operations on a $100,000 home by approximately $37.87.”

*The City of Lake Dallas chose to keep the same tax rate as last year of .701929/$100.  However, due to increased property values and additional properties added to the tax roll, more revenue will be realized than last year at this same rate.  The State’s required statement makes it sound as though the tax rate was increased when in reality, it was not.