The City of Austin Provides Limited Tax Relief to Property Owners
Austin homeowners have seen their property taxes increase by almost 40 percent over the past decade. Although the property tax rate here is still the lowest of the state's five largest cities, Austin's substantially higher property and appraisal values offset that benefit for many property owners. It's not uncommon for Austin properties owners to experience difficulties in keeping up with their property tax obligations, although the city does provide some relief through exemptions.
- A $15,000 homestead exemption for all property owners.
- An additional $10,000 school tax exemption for over-65 seniors.
- An additional $10,000 school tax exemption for property owners who are deemed disabled by the Social Security Administration.
- A 100-percent exemption for disabled military veterans.
Austin Property Tax Information
Properties in Austin are assessed by the Travis Central Appraisal District. Property owners must pay their taxes by January 31st to the Travis County Tax Office. If they fail to pay, penalties and interest begin to accrue on February 1st. and increase monthly by up to 24% annually. If the debt is not paid, further legal action may also be taken. When a lawsuit is filed, additional costs include a minimum of $335, plus attorney's fees of 15% of the total amount due. Ultimately if property taxes are left unpaid they can result in a forced tax sale. Before this happens, a property owner can pay their outstanding balance in full, arrange a payment plan through the county tax office, or apply for an Austin property tax loan with Property Tax Funding by going online or calling 877-776-7391,
Situated at the edge of the gorgeous Texas hill country, Austin is the state's capital and fourth-largest city. Its thriving economy has a firm base in the technology sector, leading to the city's nickname of 'the Silicon Hills.' Austin's deep music roots, independent film industry and love-of-all-things-tech meld together during the South by Southwest Festival, a four-day innovation extravaganza held each March. Austin has enjoyed considerable expansion in recent years, as people are drawn to its myriad employment opportunities. Many others find the lifestyle here irresistible, whether they come for an education at the University of Texas, to savor the local culture and history, or to enjoy the city's many sport, recreation and entertainment options.