Elgin, Bastrop County, Texas Property Taxes
Median Elgin, TX effective property tax rate: 1.64%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Elgin, TX home value: $277,687
Median annual Elgin, TX tax bill: $3,367, $967 higher than the national median property tax bill of $2,400.
How are property taxes in Bastrop calculated?
Property taxes in Elgin, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Elgin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elgin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elgin, Bastrop County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.64%
Estimate Property Tax Bill
$4,554
$4,226
$1,102
Average Tax Savings
Property Tax Rates Across Elgin, Bastrop County, Texas
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Elgin’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Elgin, located in Bastrop County, has a median property tax rate of 1.64%, which is higher than the national median of 1.02%. This indicates that property owners in Elgin pay a larger percentage of their property's assessed value in taxes compared to the national average. The property tax rate in Elgin is consistent across the area, reflecting a uniform approach to property taxation within the region. Understanding these rates can help property owners anticipate their annual tax obligations and explore potential savings through appeals or exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Elgin Tax Rate
1.64%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bastrop County Tax Rate
1.39%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elgin, Bastrop County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78621 | 0.54% | 1.04% | 1.64% | 2.04% | 2.22% |
Source: Ownwell
$1,102
Average Elgin Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Elgin, Bastrop County, Texas
When examining property taxes in Elgin, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bastrop County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bastrop County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Elgin. For example, the median home price in Elgin is $277,687, with tax bills ranging significantly across the county. Zip code 78621 has the highest median home price at $277,687.
Property Tax Assessment Values Across Elgin, Bastrop County, Texas
Source: Ownwell
$167,316
$240,313
$313,309
Median Elgin Market Value
$277,687
Median Bastrop County Market Value
$264,754
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elgin, Bastrop County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78621 | $60,703 | $127,853 | $277,687 | $368,991 | $514,818 |
Source: Ownwell
$1,102
Average Elgin Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Elgin, Bastrop County, Texas
In Elgin, located in Bastrop County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the property tax bill. In Elgin, the median home price is $277,687, and the property tax bill can range significantly, with the 25th percentile at $1,762 and the 90th percentile reaching up to $8,065. This variability can impact homeowners' finances, making it crucial to ensure their property is assessed accurately.
Ownwell assists homeowners by providing expert property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners achieve fair valuations, potentially saving them hundreds to thousands of dollars annually. With the national median property tax rate at 1.02%, ensuring an accurate assessment in Elgin can provide significant financial relief.
Median Elgin Tax Bill
$3,367
Median Bastrop County Tax Bill
$2,784
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Elgin, Bastrop County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78621 | $614 | $1,762 | $3,367 | $5,728 | $8,065 |
Source: Ownwell
$1,102
Average Elgin 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 | January 31 |
Links | |
|---|---|
| Bastrop Appraisal District | |
| Website | esearch.bastropcad.org |
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