Property Taxes


Combined Tax RateTax Rate
City of Georgetown0.424
Williamson County0.481529
Georgetown ISD1.409

taxrateper100valuation

Property Tax Per Capita


Revenues – Property Tax20122013201420152016
Total Property Tax16,095,71117,461,49619,351,55721,005,21023,426,038
Population49,54350,51352,21456,79858,723
Per Capita Revenue325346371370399

 

Property Tax Comparison

propertytaxcomparison

Assessed Value


Assessed ValueAmount
FY20134,416,008,010
FY20144,598,213,076
FY20155,127,918,626
FY20165,985,651,469
FY20176,338,819,024

assessedvalue

Components of Tax Rate


Fiscal YearOperations & MaintenanceDebt Service
FY20130.236370.17363
FY20140.215970.22353
FY20150.207380.22662
FY20160.207160.22684
FY20170.196660.22734

componentsoftaxrate

Truth in Taxation


Truth in TaxationAmount
Effective Rate0.3941
Rollback Rate0.4284
Adopted Rate0.4240

truthintaxation

The FY2017 adopted tax rate is 42.4 cents per $100 valuation, and represents the lowest rate in the greater Austin MSA. The effective rate is the rate the City would need to charge in order to produce the same amount of property tax revenues as last year while using the new valuations of the current year. Typically, property values appreciate from year to year. In most years, the increased value of a property means a lower tax rate could produce the same amount of revenue. For example, a home valued at $100,000 with a tax rate of 42.4 cents would produce $424 in property tax revenue. If in the following year, the home is now valued at $105,000 the effective rate would be 40.381 cents to produce the same $424 worth of revenue. The effective rate enables the public to evaluate the relationship between taxes from the prior year and for the current year. The rollback rate is the maximum tax rate the City can set before the taxpayers can petition for an election to reduce the tax rate. The rollback rate is equal to the effective rate times 8% after adjustments for debt service payments. Using the previous example, the rollback would be 43.611 cents.