2017 Tax Ratification Election (TRE)
During its regular meeting August 15, the Lake Travis school board adopted a total tax rate of $1.4275 per $100 of assessed property valuation to fund the district’s 2017-2018 budget, triggering an election to be held November 7.
Lake Travis Independent School District 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 0.00 percent and will raise taxes for maintenance and operations on a $100,000 home by approximately $20.00.
Notwithstanding the foregoing statement required by Texas law, because of the Board’s prior covenant for the automatic reduction in the debt service tax rate in the event the District’s voters approve the adopted tax rate the amount of taxes for debt service on a $100,000 home will correspondingly be reduced by $20.00. The result of this reduction is no tax rate increase on District taxpayers in comparison to the
2016 total tax levy.
Learn more by visiting the About the TRE webpage.