Travis County offers a 20% homestead exemption, the maximum allowed by law. The Commissioners Court also increased the optional 65 and Older and Disabled Exemptions by $5,000, from $75,000 to $80,000. The average Travis County taxable homestead value increased 8.62% from $262,520 last year to $285,152 this year. The FY 2017 Adopted Budget Tax Rate of 38.38 ₵ per $100 of taxable value results in essentially the same County property taxes (4 cent reduction) for the average taxable homestead for FY 2017 as compared to the FY 2016 property tax bill. The estimated FY 2017 County property taxes for other valued homesteads shown below as examples are based on assessed values appreciating 10% from the previous year because that is the maximum allowed in Texas for properties with a homestead exemption. The actual impact for FY 2017 for each property will vary depending on the taxable value, types of exemptions and appreciation and the adopted tax rate. Download Excel spreadsheet
| Fiscal Year 2016 Tax Information | Fiscal Year 2017 Adopted Budget Estimated Property Tax Impact | |||||
|---|---|---|---|---|---|---|
| Assessed Value | Taxable Value | Property Taxes | Adopted Budget Tax Rate | Change from Prior Yr | Effective Tax Rate | Rollback Tax Rate |
| Values as of January 1, 2015 |
Reduced by 20% Homestead Exemption |
Taxable Value x Adopted Rate of 0.4169 per $100 |
Taxes @ Adopted Budget Rate of 0.3838 per $100 |
FY 2017 Adopted Budget Taxes less FY 2016 |
Taxes @Effective Rate of 0.3747 per $100 |
Taxes @ Rollback Rate of 0.3998 per $100 |
| $328,150 Avg HS | $262,520 Avg HS | $1,094.45 Avg HS | $1,094.41 Avg HS | -$0.04 Avg HS | $1,068.46 Avg HS | $1,140.03 Avg HS |
| $150,000 | $120,000 | $500.28 | $506.62 | $6.34 | $494.60 | $527.74 |
| $250,000 | $200,000 | $833.80 | $844.36 | $10.56 | $824.34 | $879.56 |
| $350,000 | $280,000 | $1,167.32 | $1,182.10 | $14.78 | $1,154.08 | $1,231.38 |
| $450,000 | $360,000 | $1,500.84 | $1,519.85 | $19.01 | $1,483.81 | $1,583.21 |
| $550,000 | $440,000 | $1,834.36 | $1,857.59 | $23.23 | $1,813.55 | $1,935.03 |
| $650,000 | $520,000 | $2,167.88 | $2,195.34 | $27.46 | $2,143.28 | $2,286.86 |
| $750,000 | $600,000 | $2,501.40 | $2,533.08 | $31.68 | $2,473.02 | $2,638.68 |
| $850,000 | $680,000 | $2,834.92 | $2,870.82 | $35.90 | $2,802.76 | $2,990.50 |
| $950,000 | $760,000 | $3,168.44 | $3,208.57 | $40.13 | $3,132.49 | $3,342.33 |
Definitions:
Adopted Tax Rate - FY 2017 Adopted Budget Tax Rate is 2.43% above the Effective Tax Rate (ETR) and 2.87% above
Effective Maintenance & Operations rate plus debt service requirements.
Effective Tax Rate (ETR) - A calculated rate that would provide the taxing unit with approximately the same amount of revenue it received in the previous year on properties taxed in both years. This tax rate calculation does not include the impact of additional tax revenue resulting from new construction.
Rollback Tax Rate - Tax rate level that allows the taxing jurisdiction to collect 8% more taxes, not including debt repayment, than the previous year. This is the maximum tax increase allowed by law without triggering an election to "rollback" the tax rate. This tax rate calculation does not include the impact of additional tax revenue resulting from new construction.
