Posted on Wednesday, December 25th, 2013 at 9:59 pm.
The Austin City Council recently passed its 2014 budget and assigned next year’s property taxes at around 1% less than what was set for 2013 in its public meeting on Monday, December 16.
The property tax levy for 2014 was set at $4.12 million, while 2014’s budget was set at around $30.8 million. With the lower property tax levy, property owners can expect to save more.
A residence that is worth an estimated at $79,500 is expected to pay almost $6 lower in 2014 from $329 to $323. A $90,800 residential property’s city taxes are expected to lessen to $251 from $255, while a $347,000 commercial property’s city taxes will be lowered to $2,521 from $2,567.
If you live in the Austin area and need help with your finances, get in touch with an accountant that you can trust by filling out the above form. We can give you financial advice and guidance in a variety of areas, from personal and commercial bookkeeping to taxes.