Average Tax Assessment in Austin County
Real Estate Values and Property Tax Valuation in Austin County, Texas
Austin County has a total of 12,285 properties with a cumulative value of $2.9B, representing 0.14% of all real estate value in Texas. The average property tax rate in Austin County is 1.17%, lower than the state average of 1.69%. Property taxes in Austin County totaled $34.5M, with the average homeowner paying $2,903 in property taxes compared to the state average of $4,015. Property values for tax purposes are determined by the local taxing authority, usually based on the market value of the property.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Austin Clerk | (979) 865-5911 |
| Austin Appraisal District | (979) 865-9124 |
| Austin Tax Office | (979) 865-9124 |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Austin County
Residential Property Taxes by Cities in Austin County
Austin County has an average property tax rate of 1.17%, which is slightly lower than the state average of 1.81%. This means that the average Austin County property tax bill is $2,903, which is lower than the state average of $3,521. However, property tax rates vary significantly across the cities in Austin County. The city with the highest effective property tax rate is Wallis, at 1.54%, while the city with the lowest effective property tax rate is New Ulm, at 0.7%. This means that the average property tax bill in Wallis is $3,717, while the average property tax bill in New Ulm is only $2,077. This shows that property taxes can vary significantly across the cities in Austin County, so it is important for homeowners to research the property tax rates in the cities they are considering before making a purchase.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Austin County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellville | $20,902 | $82,404 | $178,781 | $334,509 | $539,710 |
| Cat Spring | $45,182 | $150,837 | $329,085 | $569,851 | $906,177 |
| Industry | $18,196 | $58,954 | $165,079 | $316,176 | $524,818 |
| New Ulm | $26,910 | $98,278 | $246,639 | $474,136 | $826,339 |
| Sealy | $19,721 | $69,503 | $158,135 | $275,278 | $424,531 |
| Wallis | $11,863 | $39,021 | $100,532 | $157,490 | $252,510 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Austin County.
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
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Real Estate Values in Austin County
The data from Redfin shows that the median home price in Austin County has increased by 25.15% from October 2022 to October 2023. This indicates that the housing market in Texas is experiencing a period of growth. Additionally, the home inventory in Austin County has decreased by 36.18%, indicating that there is a high demand for housing in the area. This could be due to an influx of people moving to the area, or a lack of new housing construction.
Average Home Value in Austin County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Austin County
Last updated: November 2023
Percent Change in New Home Listings in Austin County
Last updated: November 2023
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Mortgage Rates in Austin County
Austin County has a total of $773.7M in outstanding home mortgage loans, with 2.6K loans in total. This represents a significant portion of the total home value in the county, indicating that many residents are taking advantage of the current low interest rates to purchase or refinance their homes.
The median mortgage rate in Austin County varies across cities, with Wallis having the highest rate at 4.11%, and Industry having the lowest rate at 3.97%. This variation in rates can be attributed to the different economic and housing market conditions in each city, as well as the availability of different loan products. Regardless, Austin County residents can be sure to find a loan product that fits their needs and budget.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Austin County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellville | $51,285 | $87,487 | $152,508 | $241,414 | $356,085 |
| Cat Spring | $32,426 | $72,158 | $174,552 | $284,428 | $371,933 |
| Industry | $39,949 | $71,829 | $102,743 | $167,909 | $261,320 |
| New Ulm | $49,437 | $87,348 | $169,150 | $272,938 | $470,702 |
| Sealy | $45,007 | $83,197 | $145,415 | $222,207 | $301,573 |
| Wallis | $33,684 | $61,560 | $90,709 | $126,066 | $187,141 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Austin County.
Housing Expenses in Austin County, Texas
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