Travis County has released its annual notice regarding the 2025 property tax rates. The notice outlines two key rates: the no-new-revenue tax rate and the voter-approval tax rate. The no-new-revenue tax rate is set at $0.343152 per $100 of property value, which would generate the same amount of taxes as last year for properties taxed in both years. The voter-approval tax rate, which represents the highest rate that can be adopted without an election, is set at $0.375845 per $100.
The calculation of these rates follows state law by dividing total taxes by current taxable values, with required adjustments. More detailed information on how these rates were calculated can be found on the county’s website at www.traviscountytx.gov/tc-rate-2025.
Estimated unencumbered fund balances for Travis County at the end of the fiscal year include $467,824,875 in the General Fund, $27,427,584 in the Debt Service Fund, and $263,219,673 in other funds. These amounts are not reserved for any debt obligations.
For 2025 debt service secured by property taxes, payments will cover several types of bonds: refunding bonds ($26,135,938), certificates of obligation ($67,501,191), road bonds ($18,766,779), permanent improvement bonds ($29,171,053), and state highway bonds ($3,049,887). In total, required payments amount to $144,624,848.
Of this amount, $7,546,652 will be paid from unencumbered funds while no funds are expected from other resources or excess collections from last year. This results in a total to be paid from taxes in 2025 of $137,078,196. No additional amount was added in anticipation of less than full collection; thus the total debt levy remains at $137,078,196.
The summary and certification of these calculations were provided by Jessica Rio, County Executive Planning and Budget for Travis County on August 13th.
