With a nearly unchanged proposed property tax rate, Cedar Park homeowners can expect a 2.1% tax levy increase in fiscal year 2020-21 as a result of growing property values.

City Council will hold a public hearing and second reading of the proposed tax rate at its Sept. 10 meeting. The proposed rate is $0.446977 per $100 valuation, which is a 0.0004% decrease from the current rate.

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The tax levy increase varies between Travis County and Williamson County residents. This levy represents about 18% of a Cedar Park homeowners’ total tax levy; property taxes are also collected from the counties, the school district, Austin Community College and the water control and improvement district.

The average FY 2020-21 home value in Williamson County is $323,380—a 2.53% year-over-year increase. Therefore, the average Williamson County homeowner could expect to pay $1,446 in Cedar Park property taxes for FY 2020-21 if the rate is approved. This is a $35.72 average increase, according to the city.

Travis County homes, which make up 12% of Cedar Park homes, have an average value of $470,535—a 0.9% increase from FY 2019-20 values. The average Travis County homeowner in Cedar Park could expect to pay $2,103. This would be a $2.09 average increase if the rate were approved, according to the city.

The $0.446977 rate will give 56% of revenue to maintenance and operations, or the general fund, and 44% to interest and sinking, or debt service.

City Council will consider adopting the rate and the FY 2020-21 budget Sept. 10. The meeting will be held virtually, and the regular meeting begins at 7 p.m.