Government
Cedar Park tax bills set to increase with FY 2025-26 budget
The average homeowner in Cedar Park will see a $96 increase in taxes after Cedar Park City Council passed the city’s FY 2025-26 budget at its Sep. 11 meeting. Council set the FY 2025-26 property tax rate at $0.36 per $100 of taxable value. What residents need to know Interim Director of Finance Erica Solis said the budget totaled $215.2 million. “The general fund is the largest component of this at $82.8 [million],” she said in a presentation to council. “That funds the day-to-day operations for the city.” The utility fund, which pays for water and wastewater services, is the second largest portion of the budget at $45 million, Solis said. What else? The property tax rate was set at $0.36 per $100 of taxable property. “That’s a decrease of 0.3 cents from the current
rate of 36.3 cents,” Solis said. The maintenance and operations portion of the tax rate funds the city’s day-to-day operations and accounts for 54% of the rate. The other category, applied to the city’s debts, will account for 46% of the rate, she said. Dig deeper Though the adopted tax rate is a decrease from the prior rate, the city saw 4.9% growth in taxable value, Solis said. The city’s taxable value jumped from $15 billion in FY 2024-25 to $15.73 billion in FY 2025-26. “Our base values grew by 3.3%, and new growth accounts for 1.6%,” Solis said. “The new growth does include additions to existing properties and new builds on the tax roll at Jan. 1, 2025.” Because property value grew, residents will see a higher tax bill on average even though the tax rate has decreased.
General fund expenses The general fund, which finances day-to-day operations in the city, makes up the largest portion of the budget.
Public safety: $43.9M
Support services: $10.8M Culture and recreation: $10.8M Public works and development: $10.8M General government: $6.6M
$82.9M
SOURCE: CITY OF CEDAR PARK/COMMUNITY IMPACT
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