City Council sets maximum proposed tax rate for FY25 

The Round Rock City Council voted Thursday, Aug. 8, to set a maximum proposed property tax rate of 36 cents per $100 of valuation for Fiscal Year 2024-2025 (FY25).

The proposed rate exceeds the “no new revenue” rate of 33.1466 cents, which would raise the same amount of revenue as last year on existing property based on this year’s property valuations. The additional 2.9 cents is needed to fund new public safety positions, competitive pay programs, and other voter-approved bond projects, including debt service.

At the proposed rate, the owner of a median taxable value home of $376,169 would, on average, pay $1,354 next year in City taxes, an increase of $8.94 per month over the no new revenue rate. Property owners can see how proposed tax rates from various local government agencies would affect their specific property at either williamsonpropertytaxes.org for Williamson County or travistaxes.org for Travis County.

The City Council will hold its first public hearing and vote on the tax rate at its Thursday, Aug. 22 meeting.

The City Council is not required to ultimately adopt this rate; however, this is the maximum rate the Council may consider to meet the timing requirements under state law without restarting the notice and hearing process.

To learn more about the City of Round Rock’s proposed budget and tax rate, as well as a timeline of upcoming milestones in the budget process, visit roundrocktexas.gov/budget.

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Source: City of Round Rock