Property Taxes


Combined Tax Rate
City of Georgetown $0.42000
Williamson County $0.466529
Georgetown ISD $1.4090

Property Tax Per Capita


Revenues – Property Tax20142015201620172018
Total Property Tax19,641,17821,207,77123,468,86925,442,83728,033,429
Population51,47953,33956,20858,72360,642
Per Capita Revenue382398418433462

 

 

 

Assessed Value


Assessed ValueAmount
FY20144,598,213,076
FY20155,127,918,626
FY20165,985,651,469
FY20176,338,819,024
FY20187,304,885,572

 

Components of Tax Rate


Fiscal YearOperations & MaintenanceDebt Service
FY20140.215970.22353
FY20150.207380.22662
FY20160.207160.22684
FY20170.196660.22734
FY20180.1926600.227340

Truth in Taxation


Truth in TaxationAmount
Effective Rate0.4000
Rollback Rate0.4320
Adopted Rate0.4200

 

The adopted rate is 42 cents per $100 valuation, and represents the lowest rate in the greater Austin MSA with a population over 20,000. 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 cents would produce $420 in property tax revenue. If in the following year, the home is now valued at $105,000, the effective rate would be 40 cents to produce the same $420 worth of revenue. The effective rate enables the public to evaluate the relationship between taxes for 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. After adjustments for debt calculations, the rollback rate is equal to the effective rate times 8%, or in this example 43.2 cents for FY2018.