Austin metro residents facing increased property taxes
Austin metro residents facing increased property taxes
Property tax notices are out and a lot of people are surprised by how much valuations have increased. The jump is also increasing fears that some homeowners will be taxed out of their homes.
AUSTIN, Texas - When Clayton Johns got his new property tax valuation notice, it was big. The value of his modest rancher in Georgetown has grown from the $30,000 he paid three decades ago. The appraised market value now is listed at $228,072.
The taxable valuation is $160,650, about $20,000 more than what he paid last year. The constant increase has Johns wondering how longer he’ll be able to call his house his home.