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Tuesday, December 24, 2024

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

Realestate2

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

The median sales price of a Travis County home in the second quarter of 2022 was $363,593, based on data from the 1,179 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 Volente and Elgin paid the highest rates.

The following table compares Volente with some other cities belonging to Travis 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
Volente1$237,669$12,4715.2%
Elgin6$174,566$4,6662.7%
Point Venture12$298,114$7,5642.5%
Dessau Fountains2$212,425$5,3882.5%
Hutto2$321,363$7,9312.5%
Hornsby Bend3$138,294$3,2702.4%
Manor45$216,867$5,1432.4%
Wells Branch6$253,716$5,8082.3%
Pflugerville77$288,079$6,4452.2%
Austin858$373,929$7,9462.1%
Lost Creek4$770,691$16,2062.1%
West Lake Hills7$1,022,691$20,2512%
Cedar Park12$519,687$10,1912%
Spicewood13$518,210$10,2862%
Lago Vista24$271,310$5,1051.9%
Barton Creek6$1,330,005$25,4891.9%
Leander16$395,961$7,4881.9%
Bee Cave10$574,475$9,6701.7%
Lakeway39$567,500$8,9011.6%
Dripping Springs4$322,416$5,0051.6%
Shady Hollow5$501,500$7,4371.5%
The Hills6$689,686$10,3401.5%
Sunset Valley1$623,700$9,4711.5%
Rollingwood2$1,537,903$21,7211.4%
Manchaca3$314,800$4,3981.4%
Garfield2$154,371$2,1851.4%
Briarcliff4$423,764$5,9021.4%
Hudson Bend1$528,896$6,8981.3%
Marble Falls3$480,597$5,8991.2%
Jonestown4$613,995$6,0781%

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