BY GRACE DICKENS
The impact
What happens next?
portion of the overall tax rate used to pay off debt—increased 3.47% due to natural variations, resulting in slightly higher principal and interest, according to the city. Despite the increase, officials said the bond’s tax impact has stayed the same.
A specific tax increase was not approved by voters in the 2024 proposition, but the item did allow the city to levy a tax to pay off the debt. For fiscal year 2025-26, the city’s overall tax rate was raised by 6.16%. The city’s debt rate—a
The city hopes to finalize bid documents for Butler Rough Hollow Park in early 2026 and may select a contractor as early as March, Bennett said. For Lakeway City Park, the city expects the design process to take around a year and a half. The city plans to get the Lakeway City Park design underway before starting on the Lakeway Swim Center, followed by the Live Oak Tennis Courts project. The parks are what draw people to Lakeway, Bennett said, and the bond projects will help that continue. “In the last few years, we’ve become really dense with families with young kids, but they’re looking for community connections that are more than just going to an event,” Bennett said. “Lakeway is an amazing place to provide that.” Project timeline • May 2024: Bond passes • Sept. 2025: Lakeway Activity Center playground completed • Nov. 2025: Design firm chosen for Lakeway City Park • Spring 2026: Contractor chosen for Butler Rough Hollow park • Spring 2027: Butler Rough Hollow Park completed • Early 2028: Lakeway City Park completed • TBD: Lakeway Swim Center completed • TBD: Live Oak Tennis Courts completed
Lakeway property tax rates
2024-25
2025-26
Change
Average taxable property value
$838,642
$845,983
+0.88%
Total tax rate per $100 valuation
$0.159800
$0.169640
+6.16%
Tax rate portion for debt payment
$0.050800
$0.052565
+3.47%
Estimated annual tax impact of bond*
$9
$9
0%
Total taxes
$1,340
$ 1,435
+$95
SOURCE: CITY OF LAKEWAY/COMMUNITY IMPACT
*ESTIMATED BASED ON AVERAGE TAXABLE VALUE.
Also of note
marina currently there. Molis said he does not anticipate the redevelop- ment of Hurst Harbor Marina to impact plans for Lakeway City Park at this time. Further down the road, plans are brewing for another nearby park. Earlier this year, Travis County officials held community engagement meetings to gather feedback on proposed improvements to Pace Bend Park. Conceptual plans include additions such as group campsites, an amphitheater, a new habitat observation platform and better beachside ameni- ties. The plan will go before county commissioners in early 2026 for approval.
In October, Lakeway City Council approved the rezoning of Hurst Harbor Marina, located across from Lakeway City Park. The new six-story develop- ment known as The Creek at Hurst Harbor is slated to feature 146 condo units alongside restaurant and retail space. Of the at least 50 comments submitted to the city prior to the decision, one major concern shared by residents at the time was the impact of the development on the neighboring park, both from an environmental and visual standpoint. Developer and Lakeway resident Rip Miller said the newer development is an upgrade from the
SOURCE: CITY OF LAKEWAY/COMMUNITY IMPACT
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LAKE TRAVIS - WESTLAKE EDITION
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