Cedar Park Growth and Sustainability, where your tax dollars are going
By Potranco Realty, "Sold with Potranco Realty"
(Potranco Realty)
Cedar Park Growth and Sustainability ~ Where your tax dollars are going. Property Tax 101: Ad Valorem is Latin for “according to value," and is a term used to describe property tax. How is property tax rate determined: Each year, our City Council looks at the City’s expenses, reviews the prior year's tax rate, examines assessed property values, sets a budget and determines the rate needed to bring in the amount to cover those expenses. How is property tax collected: The County Tax Assessor Collector collects your property taxes for the City, County, school district, college district and other taxing entities, then sends those tax dollars to each of these entities. What is tax revenue used for: the revenue collected by the City of Cedar Park is used to provide services and infrastructur...
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