Property Taxes

Central Health is finalizing a budget for next fiscal year that tops $300 million. A lot of that money will come from property taxes.

As cities, counties and school districts set their tax rates, property owners can soon expect to see their new tax bills. But this whole process is mired in jargon. We tried to break it down for you.

Austin City Manager Spencer Cronk said the average household would see a $10 monthly increase in taxes if the proposal gets the OK from City Council in August.

The California-based electric scooter operator owed about $149,000 in 2021 property taxes.

The measures will provide limited property tax relief, but the vote comes after recent tax appraisals gave Texas homeowners sticker shock.

If passed, both initiatives would amend the Texas Constitution. According to economists and experts, the changes could help slow down property tax increases.

The Travis Central Appraisal District says appraised values, or market values, of homes went up 56% this past year. But homeowners don't pay taxes on that amount.

Austin ISD found out this week that properties in Travis County were appraised much higher than it anticipated. It's now expected to pay $850 million into the state recapture system next school year — $50 million more than it had budgeted.

At a time when home appraisals are soaring, economists say the two propositions could help slow the increase of property taxes in Texas.

Voters in Texas can decide on several local ballot initiatives — plus two constitutional amendments — on May 7 before heading back to the polls on May 24 for primary runoff elections.