How Property Taxes are Calculated

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It begins with property value appraisal

Lets talk property tax banner photo of house

 

 

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 2019 marked the fifth consecutive tax rate decrease in Cedar Park, the lowest tax rate in 16 years.  Plus, our City Council adopted a homestead exemption, which deducts $5,000 from your home's appraised value if it is your primary residence.  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 $321,300 (less the homestead exemption of $5,000 for a taxable value of $316,300) would pay to the City, under the City's current tax rate of 0.00449 (44.9 cents) per $100 of valuation: 

Appraised Home Value   City homestead exemption Taxable value to City 
City's FY 2019 Tax Rate Portion paid to the City
$325,700  -  $5,000  $320,700 x .00449 = $1,440

 

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.

2018-Taxes

 

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. 

 2018-Taxes-Service

 

FY 2019 Budget Highlights

 

 For more information on the City of Cedar Park Fiscal Year 2019 budget, visit MyCedarParkBudget.com!