Owning property in Lake on Flat Creek offers a sizable tax savings. For example, ignoring taxes for hospital districts, municipal utility districts, emergency services, junior college, etc. (typical with large cities), all the ranches are Wildlife Exempt so the total annual tax bill is quite low. For example the total 2010 taxes for Ranch 9 Section 3 was $30.99 and for Ranch 7 Section 3 was $42.52.
While not a tax, there is a Homeowners’ Association that has an annual assessment to protect and enhance your property values and maintain the Lake and roads. For the past few years the annual assessment has be $42 per acre per year.