AUSTIN (KXAN) — With budget season nearly wrapped up, taxing entities in the Austin-area have approved their property tax rates for the following year.
The following numbers are for the average homeowner, calculated by taxing entities. Some of those numbers may be impacted by decisions voters make during the November election.
Austin Independent School District (AISD)
Earlier this year, the Austin ISD Board of Trustees approved a budget with a $19.7 million deficit. The $1.58 billion budget includes more than $715 million in recapture, which will go to the state, KXAN previously reported.
According to the district’s proposed budget document, the average homeowner will pay $4,040 in the school district’s portion of their property tax bill. That’s $317 less from the previous year. The average taxable value used by AISD is $576,644.
Those numbers are contingent, the school district said. State lawmakers approved changes to the homestead exemption which will be voted on in November. If approved, it will change the school district homestead exemption from $100,000 to $140,000.
AISD has a tax rate calculator. You can plug your taxable assessed value into this tool and see how much you may owe.
City of Austin
Austin City Council has approved its budget for next fiscal year and set a property tax rate. That rate is higher than the voter approval rate set by state law and therefore triggers a tax rate election in November.
If voters approve a higher property tax bill in November, the typical Austin homeowner will see an increase of $302.68 per year in the City’s portion of their annual property tax bill.
According to the city of Austin’s taxpayer impact statement, that would make the average homeowner’s bill roughly $2,270. That’s for an average homestead assessed value of $494,803.
Travis County
Travis County commissioners unanimously voted to approve a special tax rate to help pay for damage and prepare for future disasters after devastating flash floods hit parts of Travis County over the Fourth of July weekend.
Under state law, if a taxing unit — in this case the county — is in an area declared a disaster by the governor “and increased revenue is needed to respond to the disaster, the taxing unit is not required to hold an election to approve the tax rate in the year following the year in which a disaster occurs,” according to the comptroller.
Travis County approved a special taxing unit at 8% — instead of the 3.5% voter approval rate. According to staff, that will allow the county to bring in $42 million in additional funding to go into a disaster response special reserve fund.
That means for the average taxable homestead, the county will tack $200.64 additional to your property tax bill next fiscal year, according to staff. The portion of that tied to the disaster declaration is one-time and will not appear on your bill year after year.
According to Travis County’s draft budget, that average taxable value homestead is $515,213.
Central Health
The health care district will be raising the average homeowners property tax bill by $64 next year, bringing that same average homeowner’s total bill from Central Health to $608.33.
According to Central Health’s finance documents, the average taxable homestead value they used in their calculations was $515,433.
Central Health says it will do the following within its budget, approved by Travis County Commissioners Tuesday:
- Serve more than 209,000 people across Travis County
- Deliver more than 1.2 million visits and 11,700 episodes of care across inpatient, outpatient, and case management
- Provide services through 309 employed providers and a network of more than 11,000 contracted providers
Austin Community College (ACC)
The ACC Board of Trustees approved the college’s tax rate earlier this month.
“The average property owner in the ACC District will see a 1.6% increase in their ACC tax bill. Based on the adopted rate, the annual amount of taxes imposed on an average home valued at approximately $543,000 will be $562 for the year,” ACC staff wrote.
Travis County residents can get a more precise estimate of what you may pay overall in property taxes through the Truth in Taxation portal.
You may also qualify for exemptions including the homestead exemption and exemptions for people age 65 or older or with disabilities.
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