Travis County commissioners on Sept. 21 unanimously approved a total fiscal year 2021-22 tax rate of $0.357365 per $100 valuation, an effective increase of 3.5% from the previous year.
While the approved tax rate is technically around $0.017 less than the fiscal year 2020-21 rate, taxpayers will pay more in taxes this year due to increased home appraisal values. According to the county, the new property tax rate would raise taxes on a $100,000 home by around $10.39. The average homeowner in Travis County will see an impact of $49.52 per year, County Budget Executive Jessica Rio said.
There are two parts to the approved tax rate: the maintenance and operations rate, which was approved at $0.307311, and the interest and sinking rate, or debt service rate, which was approved at $0.050054.
The total adopted rate of $0.357365 is 3.5% above the no-new-revenue rate of $0.346859, or the rate that would generate the same amount of revenue for the county as in the preceding two years. Per state law, 3.5% is the most an entity is permitted to raise its tax rate above the no-new-revenue rate without a vote by constituents.
