– Welcome to –

MyCedarParkBudget.com

This website is dedicated to providing you with highlights
from the City of Cedar Park Fiscal Year 2021 budget.

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The final budget document will be posted by the end of the calendar year.

Cedar Park Core Values

Our core values are at the center of the decision-making process.

City Council

The City Council serves as the legislative and governing body of the City, and refers to these core values for guidance in their decision making. The Mayor and six Council Members are elected to their respective offices by the qualified voters of the city. All positions are elected at large, meaning no council member represents a specific area or district of the city. Each member serves a two-year term.

Pictured from left to right: City Council Members Tim Kelly, Rodney T. Robinson, Mayor Corbin Van Arsdale, Dorian Chavez, Michael Guevara, Anne Duffy, and Mel Kirkland (Mayor Pro Tem).

Introduction

Cedar Park has been named one of the most desirable places to live. One of the safest places in Texas. One of the best places for business. And one of the best places to raise a family.

As stewards of your public dollars we take great pride and responsibility in creating a City budget each year that helps make Cedar Park an even better place for you and your family. From providing important services such as public safety, to managing and funding necessary capital improvement projects, we’re working to exceed your service level expectations while managing a low tax rate.

MyCedarParkBudget.com is a special place, too. Here, you can see how your tax dollars are invested to advance our community’s priorities and shape our City’s future. Go ahead. Scroll down. Click around. We’re glad you visited.

FY 2021 Budget Timeline

August 6, 2020:

City Council FY 2021 Budget Workshop
View Presentation Slides Here

August 13, 2020:

Proposed Budget and Tax Rate presentation to City Council

View Presentation Slides Here

View Presentation Here

September 3, 2020:

First Reading And Public Hearing of FY 2021 Budget and Tax Rate of 0.446977

View Presentation Slides Here

View Presentation Here

September 10, 2020:

Second Reading And Public Hearing (and adoption) of FY 2021 Budget and Tax Rate of 0.446977

View proposed budget document here

Final budget document will be posted by the end of the calendar year

Budget Fundamentals

What is “ad valorem?”

What is “ad valorem?”

Ad valorem is Latin for “according to value”, and is also a term used to describe property tax.

How is the City's property tax rate determined?

How is the City's property tax rate determined?

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 ratified property values, sets a budget and determines the rate that will bring in the amount needed to cover those expenses.  Keep in mind: the City portion accounts for only about 18 percent of your overall property tax bill.  The rest goes to other taxing entities such as the school district, county, community college district and health district.

How is property tax collected?

How is property tax collected?

Based on the property value appraisal provided by the Central Appraisal District, 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.  Less than 20 percent of your total tax bill goes to the City of Cedar Park.

How is tax revenue used by the City?

How is tax revenue used by the City?

Quite simply, the revenue collected for the City of Cedar Park is used to provide services and infrastructure necessary for the City to function.

What is a Fiscal Year and when does it begin?

What is a Fiscal Year and when does it begin?

A Fiscal Year, commonly denoted “FY”, is a 12-month period for taxing and/or accounting purposes. For the City of Cedar Park the Fiscal Year begins October 1 and ends September 30 of each year.

Where can I find the FY 2021 budget?

Where can I find the FY 2021 budget?

The proposed FY 2021 budget document can be found here.

The final budget document will be posted by the end of the calendar year.

How is my property value determined?

How is my property value determined?

The Central Appraisal District is responsible for determining the value of all real and business personal property within its jurisdiction.  If your property is located in the Travis County, the Travis Central Appraisal District determines your property value; if your property is located within the Williamson County, the Williamson Central Appraisal District appraises your property value.  Despite the name of your appraisal district, it is an entity independent of the County or any other taxing jurisdiction, and your respective appraisal district appraises property according to the Texas Property Tax Code and the Uniform Standards of Professional Appraisal Practices (USPAP).  The Central Appraisal District then sends its appraisal of your property valued to your County Tax Assessor-Collector.

FY 2021 Budget Highlights

FY 2021 Budget Financial Figures

Ad Valorem Tax Rate

City Council approved a tax rate of $0.4469 per every $100 of home valuation.

The total tax rate is comprised of two components: Maintenance and Operation (M&O) and Interest and Sinking (I&S). The M&O portion of the tax rate is what keeps the City running by funding day to day operations such as police, fire, parks, public works and other services. The I&S portion of the tax rate is used to pay debt that is issued by the City to fund capital investments (like infrastructure). This is calculated by looking at how much it will cost to pay the City’s debt for the upcoming fiscal year.

Tax Rate History

This FY 2021 tax rate represents the lowest tax rate in 23 years, and this is the seventh consecutive year that the City Council has lowered the tax rate.

How are your property tax dollars used?

Interactive Tool

Enter your home’s appraised value into the tool to see a breakdown of the day-to-day City of Cedar Park services your City portion of property taxes fund.  Please remember that City services represent only the M&O portion of your City portion of tax bill.  The remaining I&S portion is used to pay debt issued to the City to fund capital investments such as infrastructure.

*This tool is for illustrative purposes only. It does not round to the nearest tenth of a cent so numbers will be slightly skewed.

Not sure what your appraised property value is? You can use your Appraisal District’s website to search for your property.

Williamson Central Appraisal District
(www.wcad.org)

Travis Central Appraisal District
(www.traviscad.org)

Total Operating Budget – $145 M

The chart below shows our total operating budget. The General Fund is funded by property tax, sales tax, and user fees and is used to fund day to day operations. The Utility Fund is funded by monthly water bills and is used for our water and wastewater systems and services. The Restricted Funds category is comprised of various funds that are restricted to specific uses such as 4A (economic development), 4B (community development), Debt Service, Cable Fund, Public Arts, etc.

General Fund – $59.6 M

The two charts below show the City’s revenues by source and expenditures by service category.

General Fund Revenue Sources
Total: $59.6 M

General Fund Expenditures
Total: $59.6 M

FY 2021 Budget

The final budget document will be posted by the end of the calendar year.

FY 2021 Budget Document

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