Town of Northlake Tax Rate and Budget Transparency Information
The following information is provided publicly as required by the Texas Property Tax Code Section 26.18. For more information, please contact the Town of Northlake Finance Department at (940) 648-3290.
This tax rate will raise more total property taxes than last year’s budget by $1,663,768 or 27%, and of that amount $1,433,468 is tax revenue to be raised from new properties added to the tax roll this year.
Ad Valorem Tax & Debt Service Tax Revenue |
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| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
General Fund | $1,475,462 | $1,666,794 | $ 2,331,493 | $ 3,659,990 | $4,146,000 |
Debt Service Fund | $901,111 | $1,670,947 | $ 1,787,929 | $ 2,417,742 | $3,135,500 |
Total Revenue: | $2,376,573 | $3,337,741 | $ 4,119,422 | $ 6,077,732 | $7,741,500 |
Municipal Tax Rate |
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| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024
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M&O Rate | $0.155563 | $ 0.146828 | $ 0.166687 | $ 0.177648 | $0.177648 |
I&S Rate | $ 0.13947 | $ 0.148172 | $ 0.128313 | $ 0.117352 | $0.117352 |
Total Property Tax Rate: | $0.295000 | $0.295000 | $ 0.295000 | $ 0.295000 | $0.295000 |