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Thursday, November 28, 2024

Bastrop County effective property tax rate in Q2 2022 was higher than the national average

Realestate5

Property owners in Bastrop County paid 1.7% of the value of their homes in property taxes in the second quarter of 2022, which is more than 1.5 times the national average, according to the real estate analysis posted by the Central Texas News.

The median sales price of a Bastrop County home in the second quarter of 2022 was $205,681, based on data from the 451 properties sold during that time. In 2021 the median tax bill for the county was $3,544, which is 1.7% of the median value of the homes that were taxed.

This is 1.5 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Bastrop County real estate data showed homeowners in McDade, Elgin, and Wyldwood paid the highest rates.

The following table compares McDade with some other cities belonging to Bastrop County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2022.

CityQ2 2022 SalesQ2 2022 Median PriceMedian tax 2022Effective tax rate
McDade2$89,107$2,2312.5%
Elgin40$194,172$4,5802.4%
Wyldwood12$164,851$3,6042.2%
Bastrop70$218,199$4,6062.1%
Camp Swift21$115,313$2,1981.9%
Circle D-KC Estates19$227,737$4,1231.8%
Smithville32$181,306$3,3461.8%

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