WILLIAMSON COUNTY, Texas — Some homeowners in Williamson County could soon pay less in taxes.
Williamson County commissioners approved the new budget and the new tax rate at a meeting on Aug. 31. The total County budget, $453,177,654.23, is comprised of the General Fund, Road and Bridge Fund and Debt Service Fund.
The property tax rate is now set at about 44 cents per $100 valuation, which is lower than last year's rate of about 45 cents. According to Williamson County, the average homeowner can expect to save about $14.
In May, the commissioners voted to increase property tax exemptions. Property tax exemptions for persons 65 and older increased from $30,000 to $90,000. Property tax exemptions for disabled persons increased from $20,000 to $75,000.
The court also added a homestead property tax exemption for all homeowners of 1.5% of their homestead’s assessed value or $5,000, whichever is greater. The property owner must have owned and occupied the property as of Jan. 1 of the tax year in order to qualify for that homestead exemption.
PEOPLE ARE ALSO READING: