Lewisville offers high-quality municipal services to its residents and business community, while maintaining a balanced budget, healthy reserve fund, and one of the lowest combined tax rates in North Texas. 

Property Tax Rate History

The City passed a balanced 2023-2024 budget and continues to have one of the lowest tax rates in the DFW region at .419079 per $100 assessed valuation.

The chart below shows a history of Lewisville property tax rates. The city's tax rate has increased just twice in the past 27 years, and has gone down nine times during that same period.

Value of Lewisville City Services

The chart below illustrates the findings of a survey conducted by the City of Carrollton. The survey compares cities to determine best value of all city services to residents. The full survey includes property and sales tax, water and sewer bills, drainage, and garbage collection, based on a $437,553 home. Lewisville has ranked number one in terms of best value in this survey for at least the past five years.

Property Tax Breakdown

Based on a property tax bill of $7,045. For the typical Lewisville household, 10.9% ($768) of taxes goes to Denton County, 24.1% ($1,698) goes to the City, and 65% ($4,579) goes to Lewisville ISD.

Based on the 2023-2024 property tax rolls, one penny on the City tax rate generates approximately $1.954 million in tax revenue.

Department Budget Allocations

Twenty-four percent of Lewisville residents' property taxes go to the City of Lewisville. Based on the 2023-2024 property taxa rates, that amount is $1,697.87 on average. Of that, $495.57 will be used to cover debt, while $1,202.30 is allocated to maintenance and operations, and is broken out as follows:

Public Safety: $595.73

Public Services:$182.43

Parks & Recreation: $122.72

Administration: $81.33

Neighborhood/Inspections: $57.30

Information Technology: $50.51

Engineering: $22.62

Library Services: $22.24

Non-Departmental: $22.18

Community Relations & Tourism: $17.01

Economic Development/Planning: $15.23

Municipal Court: $13.00

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