The tax rate is set to be the same as last year at $0.417282 per $100 of valuation but will raise more tax revenue, city documents show.
What you need to know
The $337.98 million budget that will fund city operations for FY 2024-25 is 6.6% bigger than the $317.03 million budget passed for FY 2023-24, according to the city.
The tax rate passed is 2.81% higher than the no-new-revenue rate, which is the tax rate that would raise the same amount of property tax revenue for this coming fiscal year as it did for the previous one.
However, it is not higher than the voter-approval rate, meaning the city will not have to go out for a tax rate election to levy it.
The impact
Generally, Leander homeowners are estimated to pay about $15 more per month in property taxes under the new rate, with an increase in the value of an average prices home at around 9.5%.
This increase amounts to an average of about $150 annually for Leander residents in Williamson County, versus $270 annually for an average priced home in Travis County, according to the city.
