Truth in Taxation

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.

Contact Town Council

Town of Northlake Budget

Town of Northlake Annual Financial Report

Tax Rate Calculation

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




FY 2020FY 2021FY 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




FY 2020FY 2021FY 2022
FY 2023
FY 2024
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