Austin, Texas Property Taxes
The median property tax rate in Austin, TX is 1.86%, 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 $472,971, the typical annual property tax bill reaches $9,311, 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 1.86%, 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 78759 zip code has the highest median property tax rate of 2.13%, while 78727 has the lowest median tax rate of 1.29%. Understanding how these cities compare with Austin provides valuable insights into the varying tax landscape across Williamson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Austin Tax Rate
1.86%
Average Williamson County Tax Rate
1.78%
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 |
|---|---|---|---|---|---|
| 78702 | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% |
| 78717 | 1.61% | 1.74% | 1.87% | 2.30% | 2.65% |
| 78727 | 1.07% | 1.15% | 1.29% | 1.42% | 1.50% |
| 78728 | 1.29% | 1.52% | 1.61% | 1.74% | 2.00% |
| 78729 | 1.48% | 1.61% | 1.74% | 2.15% | 2.42% |
| 78750 | 1.72% | 1.84% | 1.97% | 2.47% | 2.66% |
| 78759 | 1.67% | 1.98% | 2.13% | 2.45% | 2.68% |
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 Williamson 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. In AUSTIN, assessment notices 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. For instance, the highest median tax bill in the city is $11,081 in the 78717 zip code, while the lowest is $6,309 in the 78702 zip code. 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
$472,971
Average Williamson County Assessed Value
$413,321
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 |
|---|---|---|---|---|---|
| 78702 | $333,781 | $333,781 | $333,781 | $333,781 | $333,781 |
| 78717 | $409,977 | $478,095 | $564,717 | $678,171 | $810,494 |
| 78727 | $328,462 | $398,805 | $461,889 | $521,678 | $586,088 |
| 78728 | $241,904 | $327,378 | $431,128 | $501,354 | $538,084 |
| 78729 | $362,352 | $395,499 | $440,801 | $495,327 | $548,522 |
| 78750 | $317,790 | $357,701 | $401,244 | $441,399 | $480,338 |
| 78759 | $306,894 | $348,599 | $398,105 | $427,052 | $460,155 |
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 your home, which is determined by the Williamson County Appraisal District. The tax rate is then applied to this assessed value. With a median home price of $472,971, homeowners can expect varying tax bills depending on their property's assessed value and location. For instance, in zip code 78717, the highest median tax bill reaches $11,081, while in zip code 78702, it can be as low as $6,309. Factors influencing your tax bill include property size, market conditions, and local tax rates. Homeowners in Austin face significant tax burdens, with tax bills ranging from $7,677 at the 25th percentile to $14,132 at the 90th percentile, compared to the national median property tax rate of 0.99%. Ownwell can help homeowners in Austin save on their property tax bills by providing expert property tax appeal and exemption services. Our team ensures that your property is fairly assessed, potentially lowering your tax obligations and saving you money.
Average Austin Tax Bill
$9,311
Average Williamson County Tax Bill
$7,929
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 |
|---|---|---|---|---|---|
| 78702 | $6,309 | $6,309 | $6,309 | $6,309 | $6,309 |
| 78717 | $8,037 | $9,285 | $11,081 | $13,584 | $16,191 |
| 78727 | $6,456 | $6,513 | $6,607 | $6,702 | $6,759 |
| 78728 | $2,535 | $5,202 | $7,366 | $8,300 | $9,513 |
| 78729 | $5,983 | $6,847 | $8,152 | $9,649 | $10,893 |
| 78750 | $5,626 | $7,213 | $8,110 | $9,550 | $10,987 |
| 78759 | $5,263 | $7,271 | $8,730 | $9,955 | $10,888 |
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 | |
|---|---|
| Williamson Appraisal District | |
| Phone | (512) 930-3787 |
| Website | search.wcad.org |
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