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.