Hi y’all, welcome back to Selling Austin - your weekly local real estate recap. We’ve taken a couple month hiatus but we’re back, excited to dig in. 💪 

Inside: Property Tax Relief 💵 + Surf Park Neighborhood 🏄️ 
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(*unbiased opinion)

WHAT'S INSIDE

• 🔢 THE DATA

• 🤠 WHAT’S HAPPENING AROUND TOWN

• 🤤 HOUSE WORTH DROOLING OVER

🔢 THE DATA

I’m an ex-dentist turned Realtor - let’s work together! Email me, tweet me or send me a carrier pigeon. 🐦️ 

Texas voters just approved major property tax relief bill - let’s get into it:

What changed for Texas homeowners:

• Homestead exemption for school taxes increased

  • Increase from $100,000 → $140,000 of a home’s value now exempt from school district property taxes.

• Extra relief for seniors and disabled homeowners

  • A separate voter-approved measure boosts tax cuts for:

    • Homeowners 65+

    • Homeowners with disabilities

  • These groups will see larger reductions than standard homeowners.

Why it matters to you

• Lowers annual carrying costs of homeownership (especially on mid-priced homes)

How Texas stacks up

• This tax relief plan is similar to states like Iowa, Florida and Georgia - cutting property taxes to offset rising home values

• Texas has committed ~$51B over the next 2 years to backfill lost revenue from the approved cuts

🤠 WHAT’S HAPPENING AROUND TOWN

Downtown Lockhart is getting ready for a refresh

City leaders are planning a major reconfiguration to capitalize on Austin’s growth.

Big upcoming projects:

• Juniper Springs by Perry Homes

  • 400 acre master plan community

  • ~1,400 homes

• Pura Vida

  • $1.5B

  • 211 acre master plan community

  • Possible surf park? (I don’t get this and this image reminds me of Hunger games)

Lockhart wants to maintain their BBQ/antique/art scene vibe and shift from a day trip spot to a live-work-play hub.

Will obviously keep you updated on the surf park.

🤤 HOUSE WORTH DROOLING OVER

I can’t remember the last time I was as intrigued by a home as I am now. Tucked in Tarrytown, a new build with a classic feel.

Yours for $10,950,000

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