The city of Lakeway has passed its budget and tax rate of $0.16964 for the upcoming 2025-26 fiscal year.

The overview

The city’s newly approved tax rate, which was passed in a 6-1 vote at a special City Council meeting Sept. 22 , marks a 6.2% increase from the previous year’s rate. Council member Kelly Brynteson voted against the increase.

The city’s fiscal year 2025-26 budget was also passed in a 6-1 vote Sept. 22, with Brynteson also voting against.

Some context

The city of Lakeway’s taxpayer impact statement shows that the average taxable homestead value in the city is $845,983.

With an approved tax rate of $0.16964, the estimated tax bill for a homestead at this value this year would be $1,435. This is a $95 increase from last year’s $1,340 tax bill.

Quote of note

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