Dozens of Lake Austin properties move to disannex; city to lose nearly $300M value

Lake Austin property owners are disannexing from Austin under a new state law years after their land was added into the city’s full purpose jurisdiction. (Courtesy Unlock MLS)

A series of properties along Lake Austin totaling nearly $300 million in taxable value to the city are slated to exit its full jurisdiction under a new state law, following years of complaints over lacking public services and taxation by Austin in that area.

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