Williamson County implements new appraisal transparency measures and addresses tax cap expirations

A significant legislative change is set to impact property taxes in Williamson County, Texas, as the City Council discussed the implications of recent bills during their July 10 meeting. The council revealed that a new law will remove the 20% cap on non-homesteaded real property taxes, affecting local businesses and rental properties. This cap, which has been in place for three years, will expire in 2027, potentially leading to dramatic increases in property taxes for many businesses.

The council emphasized the urgency of this issue, noting that without the cap, businesses could face tax bills that are four to five times higher than current rates. This change could threaten the viability of small businesses in downtown Taylor, which are already struggling with high property values and limited foot traffic.

In addition to the tax cap discussion, the council highlighted the importance of transparency in property appraisals. A new bill will allow the appraisal district to publish detailed property sketches and street-level imagery on their website, providing residents with better access to information about their properties.

The council also encouraged residents to vote in the upcoming November ballot, where these issues will be addressed. The discussions underscored the delicate balance between maintaining local businesses and adhering to state tax regulations, with council members expressing concern over the potential fallout from these legislative changes. As the community prepares for these shifts, the council remains committed to advocating for the interests of Taylor's residents and businesses.