Here's an issue, they have not done engineering studies, environmental studies, etc. So they go ahead and raise our taxes immediately in perpetuity but this project could be bust with any of the studies that need to be done.
Also, everyone has to pay but it is estimated that only 3% of the population will use it.
As far as people voting for it....there was a woman on Facebook that posted that since she would never be able to afford to buy a house in Austin she would screw the people who could.

website says

Quote:

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$500,000 - Home value
$438 - Annual impact
$36.46 - Monthly impact

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Current tax on $500,000 home is about $12,000. If this makes it $12,438, then its about a 4% increase. $438 is stomachable I was thinking it would be $2700

Commercial real estate is not paying more that is dead as a door nail at least for the foreseeable future. It does add up but when the train is done it will save me personally more than that. If property values keep going up I don't really care about the taxes since I will sell it one day.

I am real anxious to see what the city has in store for me as far as value, I had a 2/1 that I made into a 3/2 with an office and pool. Based on what just sold down the street I am in trouble for taxes. But even at 1% growth I will make that up on the sale. Plus if the train does go through I will have a walkable stop/

I just wonder, with all the re-think about working from home, how many people are going to be working remote in 5 years? I would be willing to bet not one more office tower will break ground in the next 5 years. (other than something already "on the books")

tamc93 said:

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Keeper of The Spirits said:

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website says

Quote:

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$500,000 - Home value
$438 - Annual impact
$36.46 - Monthly impact

---

Current tax on $500,000 home is about $12,000. If this makes it $12,438, then its about a 4% increase. $438 is stomachable I was thinking it would be $2700

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Thanks for the info. $438 here and there will add up eventually (plus I think the city just raised taxes to pay for other programs). I will gladly take everyone's extra money.

Affordability is all relative. I have already heard from others to expect rental rates in commercial and homes/apartments to go up. Next thing you will here is that we need to raise the minimum wage since now people can not afford it.

I remain shocked that this passed and by the margin it did.

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When was the last time you saw a Prop that didn't pass?

BTW, know anyone who's been to the giant new library downtown lately?

Aust Ag said:

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tamc93 said:

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Keeper of The Spirits said:

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website says

Quote:

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$500,000 - Home value
$438 - Annual impact
$36.46 - Monthly impact

---

Current tax on $500,000 home is about $12,000. If this makes it $12,438, then its about a 4% increase. $438 is stomachable I was thinking it would be $2700

---

Thanks for the info. $438 here and there will add up eventually (plus I think the city just raised taxes to pay for other programs). I will gladly take everyone's extra money.

Affordability is all relative. I have already heard from others to expect rental rates in commercial and homes/apartments to go up. Next thing you will here is that we need to raise the minimum wage since now people can not afford it.

I remain shocked that this passed and by the margin it did.

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When was the last time you saw a Prop that didn't pass?

BTW, know anyone who's been to the giant new library downtown lately?

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Sure....mainly the homeless though.

I was talking to a friend last night who lives in south Austin, and said that I was bummed that Prop A passed since it would mean I owe maybe $550 more a year in taxes.

He said, "It's not that much, is it?" I said, if your house is $500k+ or higher, then yes. And he said "damn, I probably wouldn't have voted for it had I known".

I think he is not atypical, and most people just check the box next to it. But I swear, if you put something on the ballot, like auditing the city finances, then they sure as hell find a way to WORD the Prop so it suggests to voters which way they should vote.

We've been in the Austin area since 2001. I have heard for 19 years, and mainly on TA, that the Austin traffic CF is due to the old mentality of "if you don't build it, they won't come". Well they (we) came anyway. So the new paradigm is to catch up and plan for the continued growth but the detractors are the same people. You can hate Austin and all that comes with it but your idyllic little suburb would still be a gas station and DQ if Austin wasn't the generator it is.

I love living 2 minutes outside austin city limits and pay such lower taxes (being in Travis County)

Aggietaco said:

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Aust Ag said:

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BTW, know anyone who's been to the giant new library downtown lately?

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It's there for you to use, use it.

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Pass.

Don't worry, knowing how to read isn't required to enter the library

Martin Cash said:

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PabloSerna said:

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Is it a 25% increase or 4%? Doing some digging around on the City of Austin's Project Connect website doesn't show 25% increase - so where did you get that number?

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I'll type slowly. It's a 25% increase in you CITY OF AUSTIN tax. Your overall tax increase (city, county, school, MUDS, aquifer, ACC and God know what else) will be less than that. It's ONLY an increase in your city taxes.

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Let me type this slowly for you then... WHERE IS THIS 25% INCREASE??

Please show the math. Break it down if you are so confident. Again, I am looking at numbers posted by the City of Austin and I really am trying to understand the OP's title. I mean this is factual right? Maybe I am missing something..


EDIT #1 to add: I see it now. Just the city portion and that's it. It's something, but not what I was thinking.

EDIT #2 -
"The opposition was passing the untruth that property taxes would rise in double-digit percentages, and that simply was not true. And the public saw around that," Adler said. "It's just under a 4% increase. And for that, we get so much. I think on balance, it's going to be really good for affordability."

The language on the ballot is actually more clear -

"Approving the ad valorem tax rate of $0.5335 per $ 100 valuation in the City of Austin for the current year, a rate that is $0.0875 higher per $100 valuation than the voter-approval tax rate of the City of Austin...(then further down)...Last year, the ad valorem tax rate in the City of Austin was $0.4431 per $100 valuation."

From the City's website about the costs:

For the typical Austin homeowner, the tax bill for the all taxing jurisdictions is based on a tax rate of $2.16 per $100 of value. If approved by voters, Proposition A will increase the tax rate by 8.75 cents, or approximately 4%; the impact on total tax bill is also approximately 4%. (See charts below.)


IN SUMMARY:

I like others, heard the 25% number and thought "no way!" - So I had to dig. 4%... I get that.

The train to the airport is a selling point for business travel and tourist, not as much for the cedar park family who packs their entire house for their annual trip to see their favorite mouse.

It makes the city accessible without a car. Theoretically the train schedule will be much more predictable than traffic. From my house it is usually 18 mins to the airport but can be an hour if traffic is bad. If the train was 25 mins every time I'd happily take it with my carryon and laptop bag for$5 bucks rather than my $75 black car or $80 bucks to park for 4
Days

BTHOB-98 said:

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tailgatetimer10 said:

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Serious question:

When is the last time a proposition FAILED that the city council backed?

I'm asking because everytime they support a prop it seemingly passes.

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The last Proposition to fail was the one in 2016 that would have caused an Audit of the books of the city of Austin. Funny how that worked out.

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The city council opposed that prop. This supports my statement as well.

I am not as worried about 4-5% because their is potential I get that much back in value. I don't mind taxes but at least was some value. I am certainly not for it, but it won't be a world ender and will hopefully have some benefit. I'd rather them bury 35 than this effort, but I think we will continue to see better traffic situation either way post Covid with more people working from home long term.

Aust Ag said:

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tamc93 said:

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Keeper of The Spirits said:

---

website says

Quote:

---

$500,000 - Home value
$438 - Annual impact
$36.46 - Monthly impact

---

Current tax on $500,000 home is about $12,000. If this makes it $12,438, then its about a 4% increase. $438 is stomachable I was thinking it would be $2700

---

Thanks for the info. $438 here and there will add up eventually (plus I think the city just raised taxes to pay for other programs). I will gladly take everyone's extra money.

Affordability is all relative. I have already heard from others to expect rental rates in commercial and homes/apartments to go up. Next thing you will here is that we need to raise the minimum wage since now people can not afford it.

I remain shocked that this passed and by the margin it did.

---

When was the last time you saw a Prop that didn't pass?

BTW, know anyone who's been to the giant new library downtown lately?

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Yup, it's a pretty amazing space actually. And can't beat free meeting rooms.

It's also that the next multi billion dollar package to finish this piece of **** will pass and add even more to the tax rate.

$126 million, yeah I bet they're nice.

Keeper of The Spirits said:

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You are really showing them by not using something you paid for

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Hey, I'm really sure it's nice. Glad people love it. I'm not "anti-reading". My whole issue was, why did it have to be built on the most expensive land in the city? Literally. Maybe that's common in other cities, and I'm just out to lunch here. Just asking. What would have happened if they had built it in East Austin? Nobody would go? Seems like a good idea, might help to further education on that side of the city. Did building it on Town Lake make it a tourist attraction?