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Austin property taxes jump 38 percent over past decade

from Austin American-Statesman

The property tax bill for a typical Austin home rose 38 percent between 2000 and 2010, adjusting for inflation, while the median income remained stagnant, an American-Statesman analysis has found. For an average-value home, the bill was $5,590 in 2010, up from $4,053 a decade earlier, using 2010 real dollars, according to figures provided by the Travis County tax office. The figures also account for the tax exemptions and appraisal caps granted to most homeowners. more

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