Austin ISD looks to raise property taxes, send nearly half of local revenue to state
September 16, 2021 | Texas
Homeowners in the Austin school district could see their taxes go up by an average of almost $300 under the district’s new proposed tax rate.
The proposed tax rate of $1.0617 is 4 cents lower than last year’s rate and the district’s lowest in 20 years, but it will translate to an average tax increase of $276.12 for the average home valued at $472,823.
The school board is expected to vote on the tax rate at its Sept. 23 meeting.
Average home values in the district increased by an estimated 10% over the past year, according to the district’s Chief Financial Officer Eduardo Ramos.
The tax impact would have been significantly higher — an average increase of $469.97 — if not for a 2019 law that directs more state money toward local school funding… (Excerpts from Austin American-Statesman)
