Austin, Texas Opportunity Zones
Texas Opportunity Zones

Number Of Census Tracts 220

Number Of QOZs 20

Percent Of Census Tracts 9.09%

Number Of LICS 20

Austin lies in the state of Texas which does not tax capital gains. Federal tax provisions regarding the dismissal of deferral of capital gains taxes have no effect at the state or city level.

Out of the 220 census tracts that exist within, or partially within the city of Austin 20 have been designated eligible for Qualified Opportunity Fund investment. This represents approximately 9.09% of the census tracts in the city. Of the zones that are eligible, 20 qualify as a low-income community. This means the poverty rate was above 20%, or that the median household income was below 80% of the state or metropolitan area’s median household income.

The remaining zones qualified as contiguous, meaning they were located adjacent to an eligible tract, and the median household income did not exceed 125% of that eligible tract. Austin lies in the state of Texas which automatically conforms to the federal tax code as it is amended. Both the city and state have adopted the new Qualified Opportunity Zone provisions. Texas has 628 opportunity zones, which means Austin contains 3.18% of the Qualified Opportunity Zones that exist within the state.

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Source: 2011-2015 American Community Survey 5-year estimates
Source: Community Development Financial Institutions Fund - Opportunity Zones Resources
Source: Novogradac Opportunity Zones Resource Center - Personal Income State Tax Code Conformity as of October 2019

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