City Tax Percentage of Full Property Tax Bill

Status

This measure tracks the City's median property tax bill as a percentage of full median property tax bill. In Fiscal Year 2019-20, the City's median tax bill represents 20.7% of the full median property tax bill.

Trending

The City's tax percentage of full property tax bill has remained fairly consistent (between 20.1% and 22.8%) over the reporting period.
Note: To see the underlying data for this chart, please select the "View Source Data" link to the left.

Additional Measure Insights

Annual data on accessed property value can be found on the Travis County Appraisal District's (TCAD) website. For the purpose of this measure, we excluded homesteads receiving senior or disabled property tax exemption before applying the general City of Austin homestead exemption. Tax rates and homestead exemption amounts are collected from the following local taxing authorities: Travis County, Travis County Healthcare District, Austin Independent School District (AISD), and Austin Community College (ACC).

Measure Details and Definition

1) Definition:  This measure tracks the City's median property tax bill as a percentage of full median property tax bill. Homesteads that receive senior or disabled property tax exemption are excluded and the general City of Austin homestead exemption is applied in calculating the City of Austin Taxable Value Net of Homestead Exemption and the Median City Tax Bill. The same process is used to calculate the median tax bills for Travis County, Travis County Healthcare District, Austin Independent School District, and Austin Community College. 

2) Calculation method: We calculated this measure using the formula: Median City of Austin Property Tax Bill / Median Full Property Tax Bill

Supporting Formulas include:

Median City of Austin Property Tax Bill = City of Austin Taxable Value Net of Homestead Exemption * City of Austin Tax Rate / 100

Median Travis County Property Tax Bill = Travis County Taxable Value Net of Homestead Exemption * Travis County Tax Rate / 100

Median Travis County Healthcare District Property Tax Bill = Travis County Healthcare District Taxable Value Net of Homestead Exemption * Travis County Healthcare District Tax Rate / 100

Austin Independent School District (AISD) Property Tax Bill = AISD Taxable Value Net of Homestead Exemption * AISD Tax Rate / 100

Austin Community College (ACC) Property Tax Bill = ACC Taxable Value Net of Homestead Exemption * ACC Tax Rate / 100

Median Full Property Tax Bill = Median City of Austin Property Tax Bill + Median Travis County Property Tax Bill + Median Travis County Healthcare District Property Tax Bill + Austin Independent School District (AISD) Property Tax Bill + Austin Community College (ACC) Property Tax Bill 

3) Data Collection Process:  This is a calculation performed and managed by a staff member at the City of Austin Budget Office based on data received from TCAD.
 
4) Measure Target Calculation: N/A

5) Frequency Measure is Reported: Annually (Fiscal Year)