Government
BY HALEY MCLEOD
Each year, local governing bodies review budgets and set tax rates based on projected revenue needs and voter- approved initiatives. With budget season now over and the new fiscal year starting this month, taxpayers can begin calculating their upcoming bills. Property tax rates often change annually, and residents of Travis County have their taxes set by multiple taxing entities. However, two entities apply to all Travis County properties—the Travis County government and the county’s hospital district, Central Health—which both approved tax increases in September. TravCo property tax rates in place
What else?
over the years, districts are resorting to bond elections or placing voter-approval tax rate elections on this November’s ballot, including Austin ISD and Liberty Hill ISD. Austin Community College also receives a portion of its funding from property taxes. Property owners within ACC’s taxing district will not see an increase in their average property tax bills.
Other taxing authorities vary depending on where an individual lives. Many of the various tax rates set by school districts are lower than in previous years—a result of a 2019 bill passed by the Texas Legislature that changed the funding formula for Texas school districts. With inflation and operating costs increasing
$1.5 $1 $0.5 $0 $2 $2.5 City tax rate Calculating upcoming bills ISD tax rate
Central Health Travis County
ACC taxing district
Bee Cave Lakeway West Lake Hills
Dripping Springs
Round Rock
Cedar Park
Leander
Austin Pflugerville
Fiscal year
2023-24 2024-25
SOURCE: TRAVIS COUNTY TRUTH IN TAXATION SUMMARY, CITY OF DRIPPING SPRINGS/COMMUNITY IMPACT *SOME TAX RATES ARE DEPENDENT ON NOVEMBER 2024 ELECTION RESULTS.
Median taxable homestead value Travis County approved tax rate Estimated tax bill Central Health approved tax rate Estimated tax bill
$378,765 $401,806
$0.30465 per $100 valuation
$0.344445 per $100 valuation
Items worth mentioning
For instance, Travis County provides a property tax exemption of up to $154,000 for eligible senior homeowners, according to county documents. Travis County property owners can now review proposed 2024 tax rates and their potential impact on property tax bills through TravisTaxes.com.
Even if tax rates stay the same, property taxes can increase if property values rise. Homeowners may qualify for tax exemptions, which might include exemptions for general homesteads, seniors, homeowners with disabilities and commercial property owners. Each taxing entity offers different exemptions.
$1,153.91
$1,384
$0.10069 per $100 valuation
$0.10797 per $100 valuation
$381.38 $433.83
SOURCE: TRAVIS COUNTY/CENTRAL HEALTH/COMMUNITY IMPACT
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