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Saturday, November 23, 2024

Analysis: Travis County effective property tax rate outpaced the national average in Q3 2022

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Property owners in Travis County paid 1.9% of the value of their homes in property taxes in the third quarter of 2022, which is more than 1.7 times the national average, according to the real estate analysis posted by the Central Texas News.

The median sales price of a Travis County home in the third quarter of 2022 was $375,196, based on data from the 1,144 properties sold during that time. In 2021 the median tax bill for the county was $7,067, which is 1.9% of the median value of the homes that were taxed.

This is 1.7 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Travis County real estate data showed homeowners in Hornsby Bend, Point Venture, and Dessau Fountains paid the highest rates.

The following table compares Hornsby Bend with some other cities belonging to Travis 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
Hornsby Bend3$114,400$3,2702.9%
Point Venture6$295,133$7,5642.6%
Dessau Fountains6$210,370$5,3882.6%
Elgin16$188,301$4,6662.5%
Wells Branch2$242,830$5,8082.4%
Mustang Ridge1$166,835$3,9432.4%
Pflugerville100$280,335$6,4452.3%
Manor37$232,650$5,1432.2%
Webberville1$95,770$2,0892.2%
Marble Falls1$272,305$5,8992.2%
Hutto1$381,630$7,9312.1%
Spicewood28$481,826$10,2862.1%
Austin799$387,782$7,9462%
Cedar Park17$499,961$10,1912%
Round Rock1$300,583$6,1342%
Lost Creek6$811,059$16,2062%
Lago Vista15$270,233$5,1051.9%
Barton Creek2$1,339,225$25,4891.9%
The Hills6$583,003$10,3401.8%
Garfield3$121,700$2,1851.8%
Briarcliff2$334,190$5,9021.8%
West Lake Hills6$1,181,885$20,2511.7%
Lakeway42$543,974$8,9011.6%
Shady Hollow4$460,258$7,4371.6%
Leander16$484,018$7,4881.5%
Bee Cave8$705,503$9,6701.4%
Manchaca1$323,067$4,3981.4%
Dripping Springs8$348,954$5,0051.4%
Jonestown2$459,888$6,0781.3%
Hudson Bend1$739,765$6,8980.9%
Buffalo Gap1$658,000$6,1020.9%
Rollingwood1$2,593,954$21,7210.8%

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