Later this month, Travis County mails out 2012 property tax bills to homeowners. Those bills will be bigger than last year, but not by much. Tax rates have gone up, but those rates are applied to lower property values than in 2011, dampening some of the tax rate increases.
According to Marya Crigler, chief appraiser for the Travis Central Appraisal District, the average home in Travis County is appraised at $213,954, a .47 percent decrease from 2011. In the City of Austin, the average home's assessment declined .76 percent, to $251,458. So, a home that was worth $250,000 in 2011 is worth $248,100 in 2012, for taxing purposes. Appraisals are based roughly on market value.
While assessed values were down, most taxing authorities raised their tax rates for 2012. Here's a look at tax increases across the board, to the five entities Austin residents pay tax to: