How Property Taxes are Calculated

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It begins with property value appraisal

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The Williamson (or Travis) Central Appraisal District -- an independent entity -- appraises the value of your home. The City Council adopts the property tax rate for the City's annual budget on an annual basis. Fiscal year 2017 marked the fourth consecutive tax rate decrease in Cedar Park, the lowest tax rate in 13 years.  The City's portion accounts for less than one fifth of your property taxes you will pay based on your home's appraisal. 

 

Calculating the City's Portion Example

The calculation below shows what a home with an appraised value of $290,000 would pay to the City, under the City's current tax rate of $0.47 (less than a half a cent, represented as 0.0047) per $100 of valuation: 

Appraised Home Value
City's FY 2017 Tax Rate Portion paid to the City
$290,000 x 0.0047 = $1,363

 

Property Tax Breakdown 

Your tax appraisal includes multiple taxing entities such as your school district and county. The City's portion accounts for less than one fifth of your total tax bill each year. The following graphs show how property taxes are divided by multiple taxing entities.

LISD, Williamson County RRISD, Williamson County  LISD, Travis County 

Tax breakdown_LISD WILCO

 Tax breakdown_RRISD WILCO

 

 Tax breakdown_LISD Travis

 

Your Tax Dollars by City Service

Of the portion that you pay to the City, more than half is spent on Public Safety such as Police and Fire.  Other portions include City services and day-to-day operations. The chart below illustrates the breakdown of your tax dollars based on City service/function. 

Tax by Function

 

Understanding your Property Tax Appraisal Video

 

 


 

 For more information on the City of Cedar Park Fiscal Year 2017 budget, visit MyCedarParkBudget.com!

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