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Monday, November 25, 2024

Analysis: Travis County effective property tax rate outpaced the national average in Q4 2022

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Property owners in Travis County paid 1.9% of the value of their homes in property taxes in the fourth 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 fourth quarter of 2022 was $379,187, based on data from the 1,058 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 Elgin and Mustang Ridge paid the highest rates.

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

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
Elgin7$174,242$4,6662.7%
Mustang Ridge1$151,349$3,9432.6%
West Lake Hills3$818,990$20,2512.5%
Dessau Fountains9$217,577$5,3882.5%
Point Venture3$319,783$7,5642.4%
Hutto3$335,025$7,9312.4%
Pflugerville86$285,317$6,4452.3%
Manor49$221,514$5,1432.3%
Lago Vista19$246,653$5,1052.1%
Spicewood22$497,738$10,2862.1%
Austin736$397,849$7,9462%
Lost Creek8$793,112$16,2062%
Dripping Springs3$250,848$5,0052%
Wells Branch5$300,300$5,8081.9%
Cedar Park12$539,426$10,1911.9%
Hornsby Bend2$186,238$3,2701.8%
Garfield1$122,119$2,1851.8%
Lakeway24$522,654$8,9011.7%
The Hills4$613,918$10,3401.7%
Bee Cave14$600,078$9,6701.6%
Shady Hollow7$511,352$7,4371.5%
Leander14$511,944$7,4881.5%
Barton Creek4$2,017,865$25,4891.3%
Manchaca4$351,299$4,3981.3%
Briarcliff3$458,714$5,9021.3%
San Leanna1$471,043$5,9461.3%
Jonestown6$724,676$6,0780.8%
Marble Falls2$701,871$5,8990.8%
Volente1$1,690,040$12,4710.7%
Hudson Bend2$1,193,506$6,8980.6%
Buffalo Gap2$1,074,973$6,1020.6%

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