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Austin property tax cut proposedAustin property tax cut proposedhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=105242015-09-11T05:00:00Z

AUSTIN –The city council adopted a $3.5 billion budget for the next fiscal year that could cut the property tax rate, according to the Austin Monitor.

The budget includes a property tax rate of 45.89 cents per $100 of taxable property value, down from the current rate of 48.09 cents per $100 tax rate.

The council is expected to approve the measure at its Sept. 22 meeting.

The proposed tax rate will save the average homeowner an estimated $14 per year. However, the utility rate will be up an estimated $60 per year for the typical homeowner, meaning they will likely see a $48 increase in overall annual expenses.

Austin Business Journal
Austin-Round Rock
Economy
http://www.bizjournals.com/austin/news/2015/09/11/austin-oks-property-tax-cut-as-city-budget.html?iana=ind_creRead more at {Source}

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