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Tuesday, November 5, 2024

Analysis: Williamson County effective property tax rate outpaced the national average in Q1 2023

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Property owners in Williamson County paid 2.5% of the value of their homes in property taxes in the first quarter of 2023, which is more than 2.3 times the national average, according to the real estate analysis posted by the Austin News.

The median sales price of a Williamson County home in the first quarter of 2023 was $254,490, based on data from the 628 properties sold during that time. In 2019 the median tax bill for the county was $6,365, which is 2.5% of the median value of the homes that were taxed.

This is 2.3 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Williamson County real estate data showed homeowners in Jarrell, Hutto, and Leander paid the highest rates.

The following table compares Jarrell with some other cities belonging to Williamson County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Jarrell8$174,887$6,0603.5%
Hutto80$214,894$7,0623.3%
Leander93$232,235$7,4813.2%
Cedar Park97$276,743$8,3023%
Georgetown79$265,576$7,5392.8%
Round Rock166$255,897$7,2002.8%
Serenada3$289,330$8,0082.8%
Liberty Hill12$297,251$7,9812.7%
Brushy Creek25$332,107$8,9982.7%
Austin50$337,346$8,8392.6%
Taylor14$198,688$4,9462.5%

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