Austin, Texas Property Taxes
The median property tax rate in Austin, TX is 1.59%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Austin at $852,890, the typical annual property tax bill reaches $13,337, far exceeding the national median of $2,690. Property taxes in Austin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Austin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Austin or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Austin, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Austin, Texas Tax Savings
Ownwell’s Austin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Austin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Austin to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Austin. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Austin, Texas
Property taxes in Austin, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Austin is 1.59%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Austin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Austin estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Austin's effective property tax rate to other counties in Texas and the national median. For comparison, the 78737 zip code has the highest median property tax rate of 1.59%, while 78727 has the lowest median tax rate of 0.56%. Understanding how these cities compare with Austin provides valuable insights into the varying tax landscape across Hays County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Austin Tax Rate
1.59%
Average Hays County Tax Rate
1.71%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Austin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78727 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
| 78736 | 0.48% | 1.07% | 1.51% | 1.51% | 1.51% |
| 78737 | 0.91% | 1.33% | 1.59% | 1.81% | 2.22% |
| 78738 | 0.17% | 0.40% | 0.77% | 1.14% | 1.36% |
| 78739 | 1.23% | 1.41% | 1.58% | 2.01% | 2.01% |
Source: Ownwell
$1,148
Average Austin Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Austin, Texas
In Austin, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hays County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Austin are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code with the highest median tax bill is 78739 at $18,985, while the lowest is 78738 at $6,225. Being aware of these valuation processes in Austin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Austin Assessed Value
$852,890
Average Hays County Assessed Value
$409,280
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Austin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78727 | $2,049,350 | $2,049,350 | $2,049,350 | $2,049,350 | $2,049,350 |
| 78736 | $45,637 | $327,903 | $836,910 | $1,755,158 | $2,147,611 |
| 78737 | $595,805 | $698,232 | $841,735 | $1,009,330 | $1,282,183 |
| 78738 | $932,833 | $1,148,882 | $1,508,965 | $1,869,048 | $2,085,097 |
| 78739 | $870,683 | $978,828 | $1,118,120 | $1,481,465 | $2,900,358 |
Source: Ownwell
$1,148
Average Austin Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Austin, Texas
In Austin, property tax bills are calculated based on the assessed value of a home, which is determined by the Hays County Appraisal District. The tax rate is applied to this assessed value to generate the annual tax bill. For instance, the median home price in Austin is $852,890, leading to varying tax bills across different percentiles. Homeowners in the 25th percentile face tax bills around $10,606, while those in the 75th and 90th percentiles see bills of $16,326 and $20,158, respectively. The highest median tax bill in the region, seen in zip code 78739, reaches $18,985, while the lowest, in zip code 78738, is $6,225. These tax bills can be burdensome, but Ownwell offers valuable assistance. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially lowering their tax bills. This not only reduces financial strain but also ensures homeowners are not overpaying on their property taxes.
Average Austin Tax Bill
$13,337
Average Hays County Tax Bill
$7,200
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Austin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78727 | $11,558 | $11,558 | $11,558 | $11,558 | $11,558 |
| 78736 | $689 | $4,377 | $7,829 | $19,697 | $31,966 |
| 78737 | $7,654 | $10,515 | $13,176 | $15,980 | $19,432 |
| 78738 | $1,676 | $3,382 | $6,225 | $9,068 | $10,774 |
| 78739 | $13,828 | $15,600 | $18,985 | $24,595 | $37,712 |
Source: Ownwell
$1,148
Average Austin Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Hays Appraisal District | |
| Website | esearch.hayscad.com |
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