The Lakeway City Council reduced the city’s property tax rate to $0.1612 per $100 valuation from $0.1700 for the 2017 fiscal year at its regular meeting Monday night.
This reduced tax rate is below the effective tax rate of $0.1613. The effective tax rate is the tax rate that would produce the same amount of taxes if applied to the same properties taxed in both years.
According to Lakeway Mayor Joe Bain's blog, LTISD met with Lakeway City staff to discuss starting work in 2017 on a new Elementary School on Bee Creek Road in the Lakeway Highlands development.
Texas State House candidate Ana Jordan is entering the final 60 days of her race to represent Lakeway in House District 47 as she goes up against incumbent Paul Workman.