Westlake Homeowners Asked to Approve School District Budget Change

by Brian T. Regent Property Group

Westlake homeowners and those considering Westlake homes for sale should be aware of a new tax proposal by the Eanes Independent School District Board of Trustees that will affect tax rates for Westlake homes if approved at the November 7, 2017 election. Known as the “Penny Swap & Drop,” the Eanes Board is asking residents to approve the plan, which effectively moves around pennies from the budget in order to give the school district more flexibility in how it spends its money.

Those looking for Westlake homes for sale can take into consideration that part of the tax rate would decrease by 3.25 cents, as a result of removing two pennies from the debt part of the budget and moving it to the operating part of the budget. This would give the school district an additional $3 million that would remain within the Westlake community. An important factor for homebuyers looking for Westlake homes for sale and also for current Westlake homeowners is the effective tax rate, as this can represent a large portion of a monthly mortgage or a large yearly expense.

Board President Dr. Colleen Jones said the goal of this election item is to “help us meet our shared commitments to the children of Eanes ISD and the entire community.” She said the provision “allows us to fund and preserve the quality education we've built for our students and families.”

Westlake homes are zoned for the Eanes district, which represents one of the wealthiest areas in the state. As a result, much of the collected tax is distributed to other school districts in Texas that have less wealth among their tax rolls than the tax rolls for Westlake homes.

About the Author: Brain Talley has years of experience of working as a Westlake real estate agent in Austin, Texas. He is quite an expert and he loves to share his expertise with people. He enjoys discussing real estate trends, real estate market news to help people make informed decisions.