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Lakewood Village enjoys a strong financial position
with stable utility revenues and strong growth in property tax revenues
due to increases in home values. Lakewood Village ranks fifth
highest of all Denton County communities with average home value. Tax revenues increases have
been generated through the growth in the town rather than through higher
tax rates; our current tax rate of $0.25 per $100 of appraised value has
been unchanged for over twenty years.
The Comprehensive Annual Financial Report for the
2006-2007 Fiscal Year is available online.
The financial
audit for the 2007-2008 Fiscal Year is also available.
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