The city of Hutto's taxable value increased by nearly $239 million in 2019, according to Williamson Central Appraisal District certified data released July 18.

In 2019, Hutto's certified taxable value is projected to be $2.1 billion, an increase from approximately $1.9 billion in 2018, according to WCAD. The city saw a 12.9% increase year-over-year, per the data set.

Williamson County's taxable values increased by 8.9%, an increase that will be taken into account by Williamson County Commissioners Court when setting the fiscal year 2019-20 tax rate.

Senate Bill 2, state legislation passed June 12, created a cap on how much a county, city or other taxing entity can increase its property tax rate—no more than 3.5% more than the previous year without voter approval.

The city of Hutto is considering a tax rate increase, which would bring the current rate from $0.51 per $100 taxable value would increase to either $0.62, $0.64 or $0.68.

Find WCAD's certified tax data here.

Editor's note: Year-over-year increase numbers have been corrected in this story.