Fiscal Year 2023-2024 Tax Rates
| Tax | Rate |
|---|---|
| Property | 44.58 cents per $100 taxable value |
| Sales | 1% of gross taxable sales |
| Hotel/Motel Occupancy | 11% of room rate |
| Motor Vehicle Rental | 5% of gross rental receipts |
| Mixed Drink | The State of Texas assesses a 6.7% gross receipts tax and an 8.25% sales tax on mixed beverages. The City receives 10.7143% of total mixed beverage tax receipts collected in Austin. |
| Bingo | The State of Texas assesses a 5% prize fee on bingo winnings in excess of $5. The City receives 25% of the fee collected on a prize awarded at a bingo game conducted in Austin. |
City of Austin Property Tax Rates
The FY 2023 - 24 budget will raise more revenue from property taxes than last year's budget by an amount of $34,430,743, which is a 3.4 percent increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $10,696,135.
| Rate |
Current Year |
Prior Year |
|---|---|---|
| Property Tax Rate |
0.4458 |
0.4627 |
| No-New-Revenue Rate |
0.413 |
0.4538 |
| No-New-Revenue M&O Tax Rate |
0.3457 |
0.3587 |
| Voter Approval Tax Rate |
0.4458 |
0.4627 |
| Debt Rate |
0.0881 |
0.0958 |
| 2023-2024 Austin General Obligation Debt Service: |
$200,258,789.00 |
|
Previous Fiscal Year Tax Rates
- FY 2022-23
-
Property 46.27 cents per $100 taxable value Sales 1% of gross taxable sales Hotel/Motel Occupancy 11% of room rate Motor Vehicle Rental 5% of gross rental receipts Mixed Drink The State of Texas assesses a 6.7% gross receipts tax and an 8.25% sales tax on mixed beverages. The City receives 10.7143% of total mixed beverage tax receipts collected in Austin. Bingo The State of Texas assesses a 5% prize fee on bingo winnings in excess of $5. The City receives 25% of the fee collected on a prize awarded at a bingo game conducted in Austin.
- FY 2021-22
-
Property 54.10 cents per $100 of taxable value Sales 1% of gross taxable sales Hotel/Motel Occupancy 11% of room rate Motor Vehicle Rental 5% of gross rental receipts Mixed Drink The State of Texas assesses a 6.7% gross receipts tax and an 8.25% sales tax on mixed beverages. The City receives 10.7143% of total mixed beverage tax receipts collected in Austin. Bingo The State of Texas assesses a 5% prize fee on bingo winnings in excess of $5. The City receives 25% of the fee collected on a prize awarded at a bingo game conducted in Austin.
- FY 2020-21
-
Property 53.35 cents per $100 of taxable value Sales 1% of gross taxable sales Hotel/Motel Occupancy 11% of room rate Motor Vehicle Rental 5% of gross rental receipts Mixed Drink The State of Texas assesses a 6.7% gross receipts tax and an 8.25% sales tax on mixed beverages. The City receives 10.7143% of total mixed beverage tax receipts collected in Austin. Bingo The State of Texas assesses a 5% prize fee on bingo winnings in excess of $5. The City receives 25% of the fee collected on a prize awarded at a bingo game conducted in Austin.
- FY 2019-20
-
Property 44.31 cents per $100 of taxable value Sales 1% of gross taxable sales Hotel/Motel Occupancy 11% of room rate Motor Vehicle Rental 5% of gross rental receipts Mixed Drink The State of Texas assesses a 6.7% gross receipts tax and an 8.25% sales tax on mixed beverages. The City receives 10.7143% of total mixed beverage tax receipts collected in Austin. Bingo The State of Texas assesses a 5% prize fee on bingo winnings in excess of $5. The City receives 25% of the fee collected on a prize awarded at a bingo game conducted in Austin.
- FY 2018-19
-
Property 44.03 cents per $100 of taxable value Sales 1% of gross taxable sales Hotel/Motel Occupancy 9% of room rate Motor Vehicle Rental 5% of gross rental receipts Mixed Drink The State of Texas assesses a 6.7% gross receipts tax and an 8.25% sales tax on mixed beverages. The City receives 10.7143% of total mixed beverage tax receipts collected in Austin. Bingo The State of Texas assesses a 5% prize fee on bingo winnings in excess of $5. The City receives 25% of the fee collected on a prize awarded at a bingo game conducted in Austin.