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Saturday, October 5, 2024

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

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Property owners in Travis County paid 2% of the value of their homes in property taxes in the second quarter of 2024, which is more than 1.8 times the national average, according to the real estate analysis posted by Austin News.

The median sales price of a Travis County home in the second quarter of 2024 was $407,939, based on data from the 1,196 properties sold during that time. In 2024, the median tax bill for the county was $8,339, which is 2% of the median value of the homes that were taxed.

This is 1.8 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 Jonestown, Elgin, and Pflugerville paid the highest rates.

The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Jonestown 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 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Jonestown4$219,259$6,7033.1%
Elgin12$181,630$5,1462.8%
Pflugerville58$263,227$7,1072.7%
Rollingwood3$957,400$23,9542.5%
Barton Creek6$1,133,810$28,1102.5%
Point Venture11$328,515$8,3422.5%
Manor42$230,819$5,6722.5%
Cedar Park19$442,200$11,2392.5%
Spicewood32$472,866$11,3432.4%
Leander14$361,025$8,2572.3%
Austin877$419,628$8,7632.1%
The Hills8$580,070$11,4032%
Briarcliff5$331,220$6,5092%
Wells Branch6$333,742$6,4051.9%
Lago Vista22$288,979$5,6301.9%
West Lake Hills4$1,162,429$22,3331.9%
Lost Creek6$946,493$17,8721.9%
Lakeway32$573,003$9,8161.7%
Shady Hollow2$473,067$8,2011.7%
Manchaca3$299,308$4,8501.6%
Hudson Bend4$537,778$7,6081.4%
Bee Cave16$829,763$10,6641.3%
Dripping Springs3$466,275$5,5201.2%
Marble Falls2$954,026$6,5060.7%

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