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True to our City’s Core Values of Community, Service, Innovation, Professionalism, Integrity, Leadership and Fiscal Responsibility, Cedar Park City Council has lowered the property tax rate last four consecutive years - the lowest tax rate in 13 years.  Part of what helps keep the property tax rate low and still allow us to meet our citizens’ quality of life and service level expectations is local sales tax revenue.  Two cents out of the 8.25 cents collected from every dollar spent from shopping and dining in Cedar Park go right back into the community:  one cent towards the City’s General Fund and the other cent is divided between the City’s Community Development and Economic Development Corporations.  Additionally, Cedar Park recently earned an AA+ Bond Rating, which allows the City to pay down debt faster and at a lower interest rate – saving taxpayer dollars.   Cake with flags that say AA+ Bond Rating