NOTICE OF MEETING TO VOTE ON TAX RATE A tax rate of $0.185000 per $100 valuation has been proposed by the governing body of the Town of Westlake. PROPOSED TAX RATE $0.185000 per $100 NO-NEW-REVENUE TAX RATE $0.179030 per $100 VOTER-APPROVAL TAX RATE $0.205756 per $100 The no-new-revenue tax rate is the tax rate for the 2025 tax year that will raise the same amount of property tax revenue for the Town of Westlake from the same properties in both the 2024 tax year and the 2025 tax year. The voter-approval rate is the highest tax rate that the Town of Westlake may adopt without holding an election to seek voter approval of the rate. The proposed tax rate is greater than the no-new-revenue tax rate. This means that the Town of Westlake is proposing to increase property taxes for the 2025 tax year. A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON SEPTEMBER 16, 2025, AT 4:00 PM AT 1500 SOLANA BLVD., BLDG. 7, STE. 7100, WESTLAKE, TX 76262. The proposed tax rate is not greater than the voter-approval tax rate. As a result, the Town of Westlake is not required to hold an election at which voters may accept or reject the proposed tax rate. However, you may express your support for or opposition to the proposed tax rate by contacting the members of the Town Council of the Town of Westlake at their offices or by attending the public hearing mentioned above. YOUR TAXES OWED UNDER ANY OF THE RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS: Property tax amount= (tax rate) x (taxable value of your property)/100 FOR the proposal: Reeves, Duane, Smith, Yackira, Gauthier AGAINST the proposal: - PRESENT and not voting: - ABSENT: - Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity that taxes your property. The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state. The following table compares the taxes imposed on the average residence homestead by the Town of Westlake last year to the taxes proposed to be imposed on the average residence homestead by the Town of Westlake this year. 2024 2025 Change Total tax rate (per $0.16788 $0.18500 increase of 0.01712, or $100 of value) 10.20% Average homestead $2,705,991 $2,491,057 decrease of 214,934, or taxable value 7.94% Tax on average $4,542.81 $4,608.45 increase of 65.64, or homestead 1.44% Total tax levy on all $4,088,747 $4,696,742 increase of 607,995, or properties 14.87% For assistance with tax calculations, please contact the tax assessor for Town of Westlake at 817-884-1100 or taxoffice@tarrantcountytx.gov or visit www.tarrantcountytx.gov for more information.