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Property owners may face higher taxes
Need 1.8% raise to maintain public safety services
Updated: Thursday, 19 Apr 2012, 1:46 PM CDT
Published : Thursday, 19 Apr 2012, 1:45 PM CDT
AUSTIN (KXAN) - Austin property owners could face higher taxes.
A financial forecast revealed the city needs to raise the property tax rate 1.8 percent to maintain the current level of police, fire and city services.
For Austin's average home priced at $182,000, that's an increase of $33 a year. Still, the rate increase is far from a done deal.
"We're mindful of the relative tax burden on cities, on citizens, when you look at all the kinds of increases they have to bear," said City Manager Marc Ott.
Residents can weigh in at numerous public meetings before the Council sets the budget in September.
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