Travis County offers a 20% homestead exemption, the maximum allowed by law. The Commissioners Court also offers an additional $85,500 exemption for homesteads of those 65 years and older or are disabled. The estimated average Travis County taxable homestead value is anticipated to increase 6.35% from $326,894 last year to $347,655 this year. The tax rate for the FY 2020 Proposed Budget of 36.9293 ₵ per $100 of taxable value results in an estimated $126.01 annual increase in the County portion property taxes for the average taxable homestead. The estimated FY 2020 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 FY 2020 tax rate is scheduled for adoption on September 24, 2019. The actual impact for FY 2020 for each property will vary depending on the taxable value, types of exemptions and appreciation and the adopted tax rate. Download Excel spreadsheet or view PDF.
| Fiscal Year 2019 Tax Information | Fiscal Year 2020 Proposed Budget Estimated Property Tax Impact | |||||
|---|---|---|---|---|---|---|
| Assessed Value | Taxable Value | Property Taxes | Proposed Budget Tax Rate | Change from Prior Yr | Effective Tax Rate | Rollback Tax Rate |
| Values as of January 1, 2018 |
Reduced by 20% Homestead Exemption |
Taxable Value x Adopted Rate of 0.3542 per $100 |
Taxes @Proposed Budget Rate of 0.369293 per $100 |
FY 2019 Proposed Budget Taxes less FY 2019 |
Taxes @Effective Rate of 0.332751 per $100 |
Taxes @ Rollback Rate of 0.369293 per $100 |
| $408,618 Avg HS | $326,894 Avg HS | $1,157.86 Avg HS | $1,283.87 Avg HS | $126.01 Avg HS | $1,156.83 Avg HS | $1,283.87 Avg HS |
| $150,000 | $120,000 | $425.04 | $487.47 | $62.43 | $439.23 | $487.47 |
| $250,000 | $200,000 | $708.40 | $812.44 | $104.04 | $732.05 | $812.44 |
| $350,000 | $280,000 | $991.76 | $1,137.42 | $145.66 | $1,024.87 | $1,137.42 |
| $450,000 | $360,000 | $1,275.12 | $1,462.40 | $187.28 | $1,317.69 | $1,462.40 |
| $550,000 | $440,000 | $1,558.48 | $1,787.38 | $228.90 | $1,610.51 | $1,787.38 |
| $650,000 | $520,000 | $1,841.84 | $2,112.36 | $270.52 | $1,903.34 | $2,112.36 |
| $750,000 | $600,000 | $2,125.20 | $2,437.33 | $312.13 | $2,196.16 | $2,437.33 |
| $850,000 | $680,000 | $2,408.56 | $2,762.31 | $353.75 | $2,488.98 | $2,762.31 |
| $950,000 | $760,000 | $2,691.92 | $3,087.29 | $395.37 | $2,781.80 | $3,087.29 |
Definitions:
Proposed Budget Tax Rate - FY 2020 Proposed Budget Tax Rate is 8.00% above Effective Maintenance & Operations rate plus debt service requirements and 10.98% above the Effective Tax Rate (ETR).
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.
