Throughout September, the Bee Cave, Lakeway, Rollingwood and West Lake Hills city councils approved their city’s budgets and property tax rates for fiscal year 2016-17. Whereas Lakeway’s tax rate is below the city’s effective tax rate or the rate needed to produce the same amount of funds as FY 2015-16, the other cities’ tax rates are above their effective rates. Certified tax values in the area ranged from $806 million in Rollingwood to $3.8 billion in Lakeway.