PROPERTY TAX INFORMATION AND ADOPTED BUDGET VOTE
This budget will raise more revenue from property taxes than last year's budget by an amount of $34,430,743, which is a 3.4 percent increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $10,696,135.
Austin City Council vote by each member on fiscal year 2023-2024 Adopted Budget:
FOR:
- Mayor Kirk Watson
- District 1 Council Member Natasha Harper-Madison
- District 2 Council Member Vanessa Fuentes
- District 3 Council Member Jose Velasquez
- District 4 Council Member Jose Vela
- District 5 Council Member Ryan Alter
- District 7 Council Member Leslie Pool
- District 8 Council Member Paige Ellis
- District 9 Council Member Zohaib "Zo" Qadri
- District 10 Council Member Alison Alter
AGAINST:
PRESENT and not voting: None
ABSENT: None
CITY OF AUSTIN PROPERTY TAX RATES
| Fiscal Year | 2022-2023 | 2023-2024 |
|---|---|---|
| Property Tax Rate | 0.4627 | 0.4458 |
| No-New-Revenue Rate | 0.4538 | 0.413 |
| No-New-Revenue M&O Tax Rate | 0.3587 | 0.3457 |
| Voter Approval Tax Rate | 0.4627 | 0.4458 |
| Debt Rate | 0.0958 | 0.0881 |
| 2023-2024 Austin General Obligation Debt Service: | $200,258,789.00 | |
TAX RATES
- FISCAL YEAR 2023-24 RATE
-
Property 44.58 cents per $100 taxable value Sales 1% of gross taxable sales Hotel/Motel Occupancy 11% of room rate Motor Vehicle Rental 5% of gross rental receipts Mixed Drink The State of Texas assesses a 6.7% gross receipts tax and an 8.25% sales tax on mixed beverages. The City receives 10.7143% of total mixed beverage tax receipts collected in Austin. Bingo The State of Texas assesses a 5% prize fee on bingo winnings in excess of $5. The City receives 25% of the fee collected on a prize awarded at a bingo game conducted in Austin.
- FISCAL YEAR 2022-23 RATE
-
Property 46.27 cents per $100 taxable value Sales 1% of gross taxable sales Hotel/Motel Occupancy 11% of room rate Motor Vehicle Rental 5% of gross rental receipts Mixed Drink The State of Texas assesses a 6.7% gross receipts tax and an 8.25% sales tax on mixed beverages. The City receives 10.7143% of total mixed beverage tax receipts collected in Austin. Bingo The State of Texas assesses a 5% prize fee on bingo winnings in excess of $5. The City receives 25% of the fee collected on a prize awarded at a bingo game conducted in Austin.
- FISCAL YEAR 2021-22 RATE
-
Property 54.10 cents per $100 of taxable value Sales 1% of gross taxable sales Hotel/Motel Occupancy 11% of room rate Motor Vehicle Rental 5% of gross rental receipts Mixed Drink The State of Texas assesses a 6.7% gross receipts tax and an 8.25% sales tax on mixed beverages. The City receives 10.7143% of total mixed beverage tax receipts collected in Austin. Bingo The State of Texas assesses a 5% prize fee on bingo winnings in excess of $5. The City receives 25% of the fee collected on a prize awarded at a bingo game conducted in Austin.
- FISCAL YEAR 2020-21 RATE
-
Property 53.35 cents per $100 of taxable value Sales 1% of gross taxable sales Hotel/Motel Occupancy 11% of room rate Motor Vehicle Rental 5% of gross rental receipts Mixed Drink The State of Texas assesses a 6.7% gross receipts tax and an 8.25% sales tax on mixed beverages. The City receives 10.7143% of total mixed beverage tax receipts collected in Austin. Bingo The State of Texas assesses a 5% prize fee on bingo winnings in excess of $5. The City receives 25% of the fee collected on a prize awarded at a bingo game conducted in Austin.
- FISCAL YEAR 2019-20 RATE
-
Property 44.31 cents per $100 of taxable value Sales 1% of gross taxable sales Hotel/Motel Occupancy 11% of room rate Motor Vehicle Rental 5% of gross rental receipts Mixed Drink The State of Texas assesses a 6.7% gross receipts tax and an 8.25% sales tax on mixed beverages. The City receives 10.7143% of total mixed beverage tax receipts collected in Austin. Bingo The State of Texas assesses a 5% prize fee on bingo winnings in excess of $5. The City receives 25% of the fee collected on a prize awarded at a bingo game conducted in Austin.
- FISCAL YEAR 2018-19 RATE
-
Property 44.03 cents per $100 of taxable value Sales 1% of gross taxable sales Hotel/Motel Occupancy 9% of room rate Motor Vehicle Rental 5% of gross rental receipts Mixed Drink The State of Texas assesses a 6.7% gross receipts tax and an 8.25% sales tax on mixed beverages. The City receives 10.7143% of total mixed beverage tax receipts collected in Austin. Bingo The State of Texas assesses a 5% prize fee on bingo winnings in excess of $5. The City receives 25% of the fee collected on a prize awarded at a bingo game conducted in Austin.