Budget Office

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The City of Round Rock is regularly recognized for its outstanding work, including fiscal stewardship. The City’s annual budget makes it all possible by drawing from our City Council‘s strategic planning and our strong track record of fiscal responsibility.

About the Adopted FY 2023 Budget

Fiscal Year 2023 will take place Oct. 1, 2022 through Sept. 30, 2023. The Round Rock City Council is adopting a $555.5 million budget for Fiscal Year 2023 focused on infrastructure spending and resources designed to meet the demands of a growing community. 

Each spring, the City begins the annual budget process to determine the needs of the City. Budget discussions provide a starting point for the City Council’s priorities for specific programs and projects to be funded for the upcoming fiscal year. Below are documents with information presented to City Council at a July 28 workshop:

Helpful Documents for FY 2023 Budget

FY 2023 Adopted Budget Breakdown

Total Budget for FY 2023$555.5 million
General Fund$148.2 million
Total Community Investment Program (CIP)$267.5 million
All Other*$139.8 million

*Includes Water and Wastewater Utility, Hotel Occupancy Tax, Stormwater, Type B (transportation and economic development sales tax), and other special revenue funds.

Property Tax Rate

On Sept. 8, City Council adopted a property tax rate of 34.2 cents per $100 of valuation for Fiscal Year 2023.

At the adopted rate, the owner of a median taxable value home of $369,169 would, on average, pay $1,263 next year in City taxes, which an increase of $5 per month over the current rate. However, many homeowners with homestead caps, which limit taxable values from rising above 10% each year, may actually see a decrease in taxes paid to the City this year due to commercial and non-homesteaded properties paying a significantly larger share of property taxes due to rising valuations and growth.  

This adopted tax rate is lower than in previous years, and it’s the lowest adopted among cities in our area; however, the Fiscal Year 2023 adopted rate is higher than the “no new revenue” rate of 32.6 cents, which would raise the same amount of revenue as last year on existing property based on this year’s property valuations. The additional 1.6 cents is needed to pay for the final $21.7 million in bonds for the new Library approved by voters in 2013, as well as increased resources for public safety.

More information about local entities’ property tax rates, including how much you would owe each taxing entity under their adopted tax rates, can be found at williamsonpropertytaxes.org for Williamson County residents and travistaxes.com for Travis County residents. Below is also a link to a City of Round Rock tax calculator that allows you to type in your taxable value and see how much of your taxes will go to each City service.

Timeline for Adopted FY 2023 Budget, Tax Rate

The following timeline includes the discussion and action that will take place for the FY 2023 budget, which is Oct. 1, 2022 through Sept. 30, 2023:

Strategic Plan Goals

The City’s Strategic Plan, updated annually by the City Council at its annual retreat in February, is implemented through the budget process and shapes the City’s priorities. Explore the six strategic goals below by hovering over the icons:

#1. Financially Sound City Providing High-Value Services​
#2. City Infrastructure: Today and for Tomorrow​
#3. “The Sports Capital of Texas” for Tourism and Residents​
#4. Great Community to Live​
#5. Authentic Downtown — Exciting Community Destination​
#6. Sustainable Neighborhoods — Old and New​

Current Budget (FY 2022) and Previous Budgets

Fiscal Year 2022 takes place Oct. 1, 2021 through Sept. 30, 2022. The Round Rock City Council approved Thursday, Sept. 9, 2021, a $525.4 million budget and tax rate of $0.397 per $100 of valuation for Fiscal Year 2022. The Fiscal Year 2022 budget focused on infrastructure spending and new programs designed to meet the demands of a growing community. The budget included a record amount for road construction and a new mental health response team to deal with increasing challenges faced by public safety officers. 

Download Budget in Brief
Download Property Tax Fact Sheet
Download Budget Highlights

The property tax rate for the Fiscal Year starting Oct. 1, 2021, is $0.397 per $100 of valuation, 4.2 cents less than the FY 2021 City property tax rate of $0.439. However, the rate is an increase of 1.0 cent, or 2.5% above the No New Revenue rate of $0.387441, which is the rate that generates the same amount of revenue as the previous year based on the growth in property values from the previous year.

The increased tax rate provided additional funding to pay for the City’s road expansion program, Driving Progress.

The owner of a median taxable value home will see a property tax increase of approximately $2 per month. To calculate the impact to your tax bill, visit the truth-in-taxation site for your county below. These sites will calculate your tax rates for all taxing entities, and the City’s tax rate will be labeled “City of Round Rock.” All other taxing units pass their own tax rates.

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