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News

Officials: rising property values do not have to mean rising tax bills

Published on July 6, 2016 under CommunityImpact

The cities of Round Rock, Pflugerville and Hutto will again likely see an increase in their overall taxable property value for the 2016-17 fiscal year. “Over the past three to four years we’ve seen values increase each year,” said Alvin Lankford, chief appraiser for the Williamson Central Appraisal District. “It’s not our job to look forward, but I do anticipate this trend continuing.” A common misconception is that an increase in property values means higher taxes for property owners. Taxes are mostly determined, however, by whether cities increase the effective tax rate, Lankford said.

The post Officials: rising property values do not have to mean rising tax bills appeared first on Community Impact Newspaper.

Source: Community Impact- Round Rock

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