Budget for TCAD Travis County

Budget Insights of Travis County

The TCAD Travis County operates on a budget funded by 127 local taxing units, ensuring accurate property appraisals, efficient operations, and compliance with state property tax laws. For FY 2023, the TCAD Board of Directors approved a budget of $25,683,866. The allocation of funds by taxing unit type is highlighted in the chart, with school districts accounting for 49.44%, cities for 19.50%, and counties for 16.61%, among others.

TCAD Travis County
TCAD Travis County

2023 Budget Insights: Key Changes and Trends 

  • Appraisal Assessments increased by 12.7%, from $22.79M (2022) to $25.68M (2023), driven by higher property appraisal revenues.
  • Personnel Costs rose by 12.8%, from $11.14M (2022) to $12.56M (2023), signaling continued investments in workforce resources.
  • Benefit Costs grew by 8.4%, from $4.14M (2022) to $4.49M (2023), reflecting enhancements in employee benefits.

The budget table for Travis County highlights adjustments in expenditures and revenue allocations, reflecting evolving priorities in workforce, services, and infrastructure. Notable trends include:

TCAD Travis County Property Values Overview 

In 2022, TCAD Travis County saw record growth in property values, with single-family residences leading at $245.37 billion, followed by commercial real estate at $140.61 billion. This growth reflects the region’s strong economic momentum and rising property values.

  • Single-family residences had the highest appraised value at $245.37 billion, reflecting their significant share in the county’s property market.
  • Rural and non-qualifying properties showed the highest price-related differential (1.18), indicating variability in appraisal accuracy.
  • Commercial real estate maintained a consistent median appraisal level of 0.98, with a coefficient of dispersion at 9.82, indicating stable valuation performance.
TCAD Travis County
TCAD Travis County

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