In keeping with our core values of fiscal responsibility and innovation, we run a lean machine in Cedar Park! Each year, our City Council looks at the City's expenses, reviews the prior year's tax rate, examines ratified property values, sets a budget and determines the rate that will bring in the amount needed to cover those expenses. Keep in mind: the City portion accounts for only about 18% of your overall property tax bill. The rest goes to other taxing entities such as the school district, county, community college district and health district.