What Was The Average Taxable Value Of A Homestead In Cedar Park This Year And What Was It Last Year?

The taxable value increase is capped at 10% each year.  With this, the average taxable value in Cedar Park is $417,349 (Williamson and Travis Counties combined). It was $379,408 in 2021.  This taxable value is further decreased with Cedar Park’s $5,000 homestead exemption, which applies to 75% of Cedar Park homeowners:  the average taxable homestead value is $412,349 (was $374,408 last year). 

With the new tax rate of .39, the average Cedar Park homestead homeowner would actually pay slightly less: an estimated $1608 – representing a .6% decrease from last year’s average homestead tax bill of $1617.

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1. What Is The Proposed Total Maximum Tax Rate?
2. What Is The Total Amount Of The Budget?
3. What Are Some Highlights In The Total FY 23 Budget?
4. Is This An Increase Over Last Year’s Budget?
5. What Was The Average Taxable Value Of A Homestead In Cedar Park This Year And What Was It Last Year?
6. What Is The Homestead Exemption?
7. What Opportunities Were There For Public Input On The Budget, Prior To Adoption?