Appraisal notices are in the mail -- will it impact your property tax bill?

AUSTIN (KXAN) -- The Travis County Appraisal District is sending Notices of Appraised Values to property owners over the next few weeks. You can find them online now.

“Once you get that notice, they have the opportunity to check their characteristics of their property, check their exemptions, all that important information, make sure it's correct. And if they disagree with anything on that notice they can protest their property," said Chief Appraiser Leana Mann.

The average single-family residence in Travis County will see a 4.5% dip in market value, Mann explained. Does that mean your property taxes will go down year-over-year? Not necessarily.

"Changes in market values do not translate directly into changes in property tax bills. Instead, values determine a property owner’s portion of the total tax levy. The total tax levy is determined by the budgets set by local taxing entities," the appraisal district wrote.

If you live in Austin, those local taxing entities include the Austin Independent School District (AISD), the city of Austin and Travis County. AISD makes up nearly half of that bill.

The city of Austin is already talking about its portion of the pie during its budget conversations, which are starting earlier this year because of financial volatility Austin is facing. The city is expected to bring its proposed budget and tax rate to city council in July.

Last year, the typical Austin homeowner saw a more than 13% increase in their tax bill between those entities, city staff explained in a budget briefing before the Austin city council last week. A large part of that bump was due to a voter-approved tax rate increase to help AISD address its budget deficit and another for Travis County's affordable child care measure.