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 seven consecutive years - the lowest tax rate since 1998. The current ad valorem tax rate is 44.7 cents for every $100 of property valuation. Property taxes paid to the City represent less than 20 percent of your overall tax bill.
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, a half cent goes to the City’s Community Development Corporation, 3/8 cent goes to the City's Economic Development Corporation and 1/8 cent goes to the City's Stormwater Drainage Program. 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.