Check out my post 98. The 15 mil cap is for one part of the school property tax only - schools are actually capped at 20 mil. When you add in all the other property taxes (with schools being by far the highest portion), the rate goes up quite a bit more. For my Austin property the total mil rate is 34 plus...
"For my Austin property the total mil rate is 34 plus..."
Is it on the entire value of the home or is some amount exempt?