Westwood Ad Valorem Tax Rate will Decrease in 2011

posted May 29, 2011, 2:11 PM by Jennifer Hunt   [ updated Feb 26, 2012, 9:02 AM ]
After review of the current budget and reserve funding, the City Board has decided to lower the Ad Valorem Tax Rate from 0.1872 per $100 of Taxable Assessment to 0.18.
Per the example chart, if your home's value is assessed at $149,490.00, the amount you owe in Ad Valorem Taxes will decrease by $10.80
 
Westwood offers a 5% discount off the face value to residents who pay their taxes by September 16 of the tax year.   
 

Year

Rate per $100.00

 Taxable Assessment 

"Face Value" Tax Due if Paid by Oct. 16

 Discounted Tax Due if Paid by Sept. 16 

2010

0.1872

 $149,940.00

 $280.69

 $266.66

2011

0.1800

 $149,940.00

 $269.89

 $256.40

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