As Required by Texas Government Code 551.043 (HB1522)
Travis County offers a 20% homestead exemption, the maximum allowed by law. The County also offers an additional $143,220 exemption for homesteads of those 65 years and older or are disabled. The estimated average taxable homestead value is anticipated to increase 2.24% from $503,929 last year to $515,213 this year. The median taxable homestead is anticipated to decrease 1.51% from $397,067 last year to $391,064 this year. The FY 2026 Adopted Budget is balanced at a tax rate of 37.5845 cents per $100 of taxable value at the Voter Approval Rate calculated as a Special Taxing Unit at 8% above No New Revenue Maintenance and Operations Rate (NNR M&O) plus required Debt Service rather than 3.5% above NNR M&O plus required debt service available to the County without a disaster. The County’s FY 2026 Adopted Budget Tax Rate increased by slightly more than 3 cents as compared to FY 2025. When the tax rate of 37.5845 cents per $100 of taxable value is multiplied by an increased average taxable value homestead of $515,213, the County’s portion of the property tax bill is estimated to increase by $200.64.
The portion of the Maintenance and Operations Tax Rate related above 3.5% of the No New Revenue Maintenance and Operations Tax Rate is 1.3909 cents per $100 of Taxable Value and the related tax impact is $71.66 of the estimated $200.64 increase to the Average Taxable Valued Homestead. The estimated annual increase for the Median Taxable Valued Homestead of $391,064 is $102.11 and includes an increase of $54.39 related to the disaster. The Tax Rate for FY 2027 will be adjusted to remove the one-time increase related to the July 2025 Severe Weather and Flooding Disaster. The estimated FY 2026 property taxes for other valued homesteads shown below as examples are based on assessed values appreciating 2.24% (same as the average taxable homestead increase) from the previous year. The actual impact for FY 2026 for each property will vary depending on the taxable value, types of exemptions, appreciation and the tax rate.
Effective September 1, 2025, House Bill 1522, 89th Regular Legislative Session, requires a governmental body to provide a comparison of estimated property tax bills on a median-valued homestead for the current fiscal year, the proposed budget, and a hypothetical balanced budget based on the No-New-Revenue tax rate.
| Fiscal Year 2025 Tax Information | Fiscal Year 2026 Adopted Budget Estimated Property Tax Impact | ||||||
|---|---|---|---|---|---|---|---|
| Assessed Value | Taxable Value | Property Taxes | Taxable Value | Adopted Budget Tax Rate | Change from Prior Yr | No New Revenue Tax Rate | Voter Approval Tax Rate |
| Values as of January 1, 2024 | With 20% Homestead Exemption Reduction | Taxable Value x Adopted Rate of $0.344445 per $100 | With 20% Homestead Exemption Reduction | Taxes @ $0.375845 per $100 | FY 2026 Taxes less FY 2025 Taxes | Taxes @ $0.343152 per $100 | Taxes @ $0.375845 per $100 |
| $629,911 Avg HS $496,334 Median HS | $503,929 Avg HS $397,067 Median HS | $1,735.76 Avg HS $1,367.68 Median HS | $515,213 Avg HS $391,064 Median HS | $1,936.40 Avg HS $1,469.79 Median HS | $200.64 Avg HS $102.11 Median HS | $1,767.96 Avg HS $1,341.94 Median HS | $1,936.40 Avg HS $1,469.79 Median HS |
| $150,000 | $120,000 | $413.33 | $122,688 | $461.12 | $47.78 | $421.01 | $461.12 |
| $250,000 | $200,000 | $688.89 | $204,480 | $768.53 | $79.64 | $701.68 | $768.53 |
| $350,000 | $280,000 | $964.45 | $286,272 | $1,075.94 | $111.49 | $982.35 | $1,075.94 |
| $450,000 | $360,000 | $1,240.00 | $368,064 | $1,383.35 | $143.35 | $1,263.02 | $1,383.35 |
| $550,000 | $440,000 | $1,515.56 | $449,856 | $1,690.76 | $175.20 | $1,543.69 | $1,690.76 |
| $650,000 | $520,000 | $1,791.11 | $531,648 | $1,998.17 | $207.06 | $1,824.36 | $1,998.17 |
| $750,000 | $600,000 | $2,066.67 | $613,440 | $2,305.58 | $238.91 | $2,105.03 | $2,305.58 |
| $850,000 | $680,000 | $2,342.23 | $695,232 | $2,612.99 | $270.77 | $2,385.70 | $2,612.99 |
| $950,000 | $760,000 | $2,617.78 | $777,024 | $2,920.41 | $302.62 | $2,666.37 | $2,920.41 |
Definitions:
Adopted Budget Tax Rate - set at the Voter Approval Rate.
No New Revenue Tax Rate - is 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.
Voter Approval Rate - is a calculated maximum rate allowed by law without voter approval. The calculation includes a Maintenance & Operations (M&O) rate and a debt service rate. M&O includes such things as salaries, utilities and day-to-day operations. Debt service covers the interest and principal on bonds and other debt secured by property tax revenues. This Tax Rate allows the taxing jurisdiction to collect 8% more taxes for special taxing units and 3.5% more for other taxing units for maintenance & operations than the previous year plus the required debt service.
Average-valued Homestead - the residence homestead with the average taxable value on the certified appraisal roll for the applicable tax year, applying the general homestead exemption under Tax Code § 11.13 and disregarding exemptions available only to persons 65+ or disabled.
Medium-valued Homestead - the residence homestead with the median taxable value on the certified appraisal roll for the applicable tax year, applying the general homestead exemption under Tax Code § 11.13 and disregarding exemptions available only to persons 65+ or disabled.
