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 $1,958,310 or 48%, and of that amount $653,640 is tax revenue to

be raised from new properties added to the tax roll this year.


Ad Valorem Tax & Debt Service Tax Revenue



FY 2019FY 2020FY 2021FY 2022
FY 2023
General Fund
$939,707$1,475,462$1,666,794$ 2,331,493
$ 3,659,990
Debt Service Fund
$779,229$901,111$1,670,947$ 1,787,929
$ 2,417,742
Total Revenue:
$1,718,936$2,376,573
$3,337,741
$ 4,119,422
$ 6,077,732


Municipal Tax Rate



FY 2019FY 2020FY 2021FY 2022
FY 2023
M&O Rate$0.170500$0.155563$ 0.146828$ 0.166687
$ 0.177648
I&S Rate$ 0.124500$ 0.13947$ 0.148172$ 0.128313
$ 0.117352
Total Property Tax Rate:$0.295000$0.295000$0.295000$ 0.295000
$ 0.295000