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Saturday, November 23, 2024

Effective property tax rate in Hays County outpaced the national average in Q3 2022

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Property owners in Hays County paid 2.1% of the value of their homes in property taxes in the third quarter of 2022, which is more than 1.9 times the national average, according to the real estate analysis posted by the Central Texas News.

The median sales price of a Hays County home in the third quarter of 2022 was $258,080, based on data from the 55 properties sold during that time. In 2020 the median tax bill for the county was $5,305, which is 2.1% of the median value of the homes that were taxed.

This is 1.9 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Hays County real estate data showed homeowners in Buda, Driftwood, and Austin paid the highest rates.

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

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Buda13$284,210$6,6942.4%
Driftwood3$431,940$10,5682.4%
Austin2$477,270$11,0822.3%
Kyle9$254,573$5,6562.2%
San Marcos18$205,290$4,0562%
Wimberley5$327,833$4,7841.5%
Dripping Springs4$611,400$7,6011.2%

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