MyCedarParkBudget.com is your interactive site that highlights our budget for FY 2015 - 16 and shows you where your tax dollars are going and why. Here, you’ll find everything from explanations of how property taxes work, to why it’s important to make sure you "Got it in Cedar Park." You can even use our nifty tool in the section "How are your tax dollars used?" to see a general breakdown of what services you pay for in Cedar Park based on the assessed value of your home.
Interested in checking out the FY 2015 - 16 budget presentation and adoption? Visit the "Budget Presentation and Adoption" section or scroll to the bottom of this site.
Our core values are at the heart of every decision we make and are the foundation of our budget development process.
We know that governmental finance can seem confusing. Below are a few questions we get asked frequently. Let's answer them. Click on any question below.
Ad valorem is Latin for “according to value," and is a term used to describe property tax.
In keeping with our core values of fiscal responsibility and innovation, we run a lean machine in Cedar Park! 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.
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. Only about 20% of your total tax bill goes to the City of Cedar Park. You can see this breakdown in the "Financial Figures" section below.
Quite simply, the revenue collected by the City of Cedar Park is used to provide services and infrastructure necessary for the City to function. The "What is the City's Tax Rate?" section below helps explain this in a bit more detail.
The City's tax rate is comprised of two components. These two components are M&O and I&S. To learn more about what M&O and I&S mean, use your mouse to hover over the portion of the dollar below.
M&O stands for maintenance & operations. Simply put, this portion of the tax rate is what keeps the City running by funding day-to-day operations like police, fire, parks, library, public works, and other general fund city services.
M&O = $0.236750
I&S stands for interest & sinking. This portion of the tax rate is used to pay debt that is issued by the City to fund capital projects such as roads and facilities. This is calculated by looking at how much it will cost to pay the City's debt for the upcoming fiscal year.
I&S = $0.242750
If you combine the M&O ($0.236750) and the I&S ($0.242750) portions of the tax rate, you get a total tax rate of $0.4795 per $100 valuation.
Here's an example of the M&O portion of the tax rate that helps you visualize how your tax dollars are spent on day-to-day operations. Remember, this accounts for about half of the total tax rate.
One major contributor to the decrease in the tax rate for the third consecutive year is the growth we've seen in our business community. Our expanding business community not only brings more jobs to our City, but provides you with more opportunities to shop and dine locally. As a result, the sales tax that is collected adds up and is used to offset the cost of providing City services through property taxes.
With the Cedar Park Police Department’s focus on community policing and its nationally-recognized National Night Out program, Cedar Park remains one of the safest cities in Texas.
Our Fire Department is one of the few in the world that is both internationally accredited and carries an Insurance Services Office (ISO) Rating of 1. Public safety is the hallmark of our great city and we know it’s one of the many reasons you live here.
This year’s budget includes the addition of five firefighters to phase-in staffing of future Fire Station 5, a police officer, a police detective and a public safety management analyst to help respond to growth and plan for future sustainability as our population continues to grow.
With our City growing each year, we want to keep you moving. This year’s budget includes funding to rebuild Anderson Mill Road from Lime Creek Road to RM 1431 and extend Little Elm Trail from Lakeline Boulevard to US 183 – among other projects.
The summer 2015 rains throughout Texas served as a reminder of the importance of an efficient stormwater system. The FY 2015-16 budget includes funding to invest in the maintenance of our current stormwater system to ensure that it remains safe and efficient.
The City of Cedar Park is a service-driven organization. There is hardly a single city service or amenity that is not provided by people.
Since our 2007 salary comparison market study a lot has changed – both in Cedar Park and surrounding cities. In 2015, a new study was conducted to compare similar cities’ salaries and ensure that we have a competitive compensation system.
In order to recruit and retain a skilled workforce and continue to provide top-notch services to our community, some salary adjustments will be made to be comparable with the market.
Property Tax By Entity
The charts below show the breakdown of taxing entities by county. If you live in Williamson County, 18.3 percent of your property taxes go to City of Cedar Park. If you live in Travis County, 18 percent of your property taxes go to Cedar Park. If you live within Round Rock ISD district boundaries, you pay the same amount to the City of Cedar Park, but it accounts for 20 percent of the property tax total.
Round Rock ISD
General Fund by Revenue Source
The chart below illustrate our general fund revenue. Due to continual growth in our population as well as business community, we've seen an increase in revenue, and this increase has allowed our City Council to reduce the tax rate to the lowest it's been in 12 years.
Ad Valorem (Property Tax)
Fines & Forfeitures
Administrative & Contract Fees
Use of Fund Balance
Property Tax Rate History
Below is our property tax rate history. This will be the third consecutive year we will see a tax rate decrease.
General Fund Sales Tax Revenue
When you shop and dine in Cedar Park, 2 cents of every dollar you spend stays in Cedar Park. It helps fund our parks, roads, and other city services. Plus it helps bring better quality, higher paying jobs to Cedar Park. It helps keep our property tax rate low and our quality of life high. Make sure you “Got it in Cedar Park.” This year, sales tax brought in $11 million to our General Fund budget.
*The chart above reflects the one cent of sales tax that goes into our general fund. The other cent (not shown) is divided between Type A and Type B sales tax that fund economic and community development, respectively.
The City of Cedar Park has twice been named the Fourth Fastest-Growing City in the Country, and remains among the United States’ Top 25 Fastest-Growing Cities, according to the U.S. Census Bureau. We've got a great community, and it's no wonder why so many people and businesses are looking to call Cedar Park "home."
The map below shows some areas in town where
we've seen exceptional growth
in the last year.
high level of growth
*Fast Facts + More figures are based off FY 2014 actuals. During the development of this site, FY 2105 actuals were not finalized.
Thanks for stopping by MyCedarParkBudget.com!
Below is the presentation and adoption of the Fy 2015 - 16 budget.
See FY 2015 - 16 Proposed Budget