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Round Rock residents could potentially see a higher tax rate for the 2026-27 financial year.
What happened
Officials took the first of two required votes on its budget and tax rate Aug. 27, approving a tax rate of $0.423 per $100 of valuation and a $684.1 million operating budget.
The details
Chief Financial Officer Kevin Klosterboer said the median home value in Round Rock decreased by a little over 6%.
These decreased home values pushed the no-new-revenue rate—or the tax rate that would bring in roughly the same amount of funding for the city as the previous year, assuming the same properties are taxed—slightly higher than the previous year's tax rate of $0.372 per $100 of valuation. The no-new-revenue rate was set at $0.385 per $100 valuation.
The approved rate of $0.423 per $100 of valuation is $0.038 higher than the no-new-revenue rate, Klosterboer said.
That $0.038 per $100 valuation is broken into:
The impact
Round Rock estimates that residents with a taxable home value of $370,288 would pay around $1,566 in city taxes annually.
What's next?
The second vote on the city's tax rate and budget will be held Sept. 10, according to the city.
