Travis County offers a 20% homestead exemption, the maximum allowed by law. The Commissioners Court also offers an additional $80,000 exemption for homesteads of those 65 years and older or disabled. The average Travis County taxable homestead value increased 7.02% from $285,152 last year to $305,173 this year. The tax rate for the FY 2018 Adopted Budget of 36.90 ₵ per $100 of taxable value results in a estimated $31.68 annual increase in the County portion of property taxes for the average taxable homestead. The estimated FY 2018 County property taxes for other valued homesteads shown below 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 2018 for each property will vary depending on the taxable value, types of exemptions, appreciation and the adopted tax rate. Download Excel spreadsheet
| Fiscal Year 2017 Tax Information | Fiscal Year 2018 Adopted Budget Estimated Property Tax Impact | |||||
|---|---|---|---|---|---|---|
| Assessed Value | Taxable Value | Property Taxes | Property Taxes | Change from Prior Yr | Effective Tax Rate | Rollback Tax Rate |
| Values as of January 1, 2016 |
Reduced by 20% Homestead Exemption |
Taxable Value x Adopted Rate of 0.3838 per $100 |
Taxes @ Adopted Budget Rate of 0.3690 per $100 |
FY 2018 Adopted Budget Taxes less FY 2017 |
Taxes @Effective Rate of 0.3568 per $100 |
Taxes @ Rollback Rate of 0.3780 per $100 |
| $356,440 Avg HS | $285,152 Avg HS | $1,094.41 Avg HS | $1,126.094 Avg HS | $31.68 Avg HS | $1,088.86 Avg HS | $1,152.55 Avg HS |
| $150,000 | $120,000 | $460.56 | $487.08 | $26.52 | $470.98 | $498.86 |
| $250,000 | $200,000 | $767.60 | $811.80 | $44.20 | $784.96 | $831.60 |
| $350,000 | $280,000 | $1,074.64 | $1,136.52 | $61.88 | $1,098.94 | $1,164.24 |
| $450,000 | $360,000 | $1,381.68 | $1,461.24 | $79.56 | $1,412.93 | $1,496.88 |
| $550,000 | $440,000 | $1,688.72 | $1785.96 | $97.24 | $1,726.91 | $1,829.52 |
| $650,000 | $520,000 | $1,995.76 | $2,110.68 | $114.92 | $2,040.90 | $2,162.16 |
| $750,000 | $600,000 | $2,302.80 | $2,435.40 | $132.60 | $2,354.88 | $2,494.80 |
| $850,000 | $680,000 | $2,609.84 | $2,760.12 | $150.28 | $2,668.86 | $2,827.44 |
| $950,000 | $760,000 | $2,916.88 | $3,084.84 | $167.96 | $2,982.85 | $3,160.08 |
Definitions:
Adopted Budget Tax Rate - FY 2018 Adopted Budget Tax Rate is 3.42% above the Effective Tax Rate (ETR) and 4.98% 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.
