Average Tax Assessment in Bastrop County
Real Estate Values and Property Tax Valuation in Bastrop County, Texas
Bastrop County has 40,929 properties with a cumulative value of $8.5B, representing 0.40% of all real estate value in Texas. Property taxes in Bastrop County totaled $126.7M, with an average homeowner paying $3,332 in property taxes compared to the state average of $4,015. The average property tax rate in Bastrop County is 1.50%, lower than the state average of 1.69%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
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 | |
|---|---|
| Bastrop Appraisal District | (512) 303-1930 |
| Bastrop Tax Office | (512) 581-7161 |
| TexasFile Clerk Records | - |
| 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 Bastrop County
Residential Property Taxes by Cities in Bastrop County
Bastrop County has an average property tax rate of 1.50%, which is slightly lower than the state average of 1.81%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Bastrop County are collected by the county and distributed to the cities and other local entities. The effective property tax rate in Bastrop County varies across the cities, with Elgin having the highest rate of 1.78% and Rosanky having the lowest rate of 0.96%. This means that property owners in Elgin will pay more in taxes than those in Rosanky. Property taxes in Bastrop County are used to fund essential services such as schools, police and fire departments, and infrastructure. Property owners in Bastrop County can expect to pay an average of $3,332 in taxes each year.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Bastrop 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 |
|---|---|---|---|---|---|
| Bastrop | $22,089 | $78,937 | $184,981 | $271,561 | $400,614 |
| Cedar Creek | $43,152 | $97,406 | $183,586 | $287,108 | $412,897 |
| Dale | $15,848 | $56,565 | $120,580 | $189,593 | $295,568 |
| Del Valle | $27,245 | $62,137 | $108,564 | $237,752 | $331,672 |
| Elgin | $34,159 | $89,495 | $169,360 | $249,487 | $387,302 |
| Mc Dade | $39,028 | $84,295 | $175,104 | $301,820 | $481,892 |
| Paige | $29,347 | $85,213 | $184,368 | $303,661 | $487,880 |
| Red Rock | $31,913 | $96,687 | $191,136 | $300,254 | $451,259 |
| Rosanky | $40,704 | $107,287 | $216,764 | $410,873 | $633,090 |
| Smithville | $21,731 | $66,863 | $153,915 | $255,686 | $424,078 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Bastrop County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bastrop | $373 | $1,331 | $3,201 | $5,139 | $7,068 |
| Cedar Creek | $759 | $1,803 | $2,964 | $4,649 | $6,743 |
| Dale | $279 | $1,016 | $2,041 | $3,134 | $4,599 |
| Del Valle | $560 | $1,260 | $2,119 | $4,312 | $6,099 |
| Elgin | $663 | $1,929 | $3,453 | $5,420 | $7,163 |
| Mc Dade | $359 | $880 | $1,945 | $3,458 | $4,973 |
| Paige | $357 | $961 | $2,199 | $4,050 | $5,977 |
| Red Rock | $368 | $1,122 | $2,375 | $3,948 | $5,608 |
| Rosanky | $349 | $881 | $2,289 | $4,110 | $6,565 |
| Smithville | $254 | $872 | $2,207 | $3,925 | $5,745 |
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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bastrop | 1.69% | 1.69% | 1.73% | 1.89% | 1.76% |
| Cedar Creek | 1.76% | 1.85% | 1.61% | 1.62% | 1.63% |
| Dale | 1.76% | 1.80% | 1.69% | 1.65% | 1.56% |
| Del Valle | 2.06% | 2.03% | 1.95% | 1.81% | 1.84% |
| Elgin | 1.94% | 2.16% | 2.04% | 2.17% | 1.85% |
| Mc Dade | 0.92% | 1.04% | 1.11% | 1.15% | 1.03% |
| Paige | 1.22% | 1.13% | 1.19% | 1.33% | 1.23% |
| Red Rock | 1.15% | 1.16% | 1.24% | 1.31% | 1.24% |
| Rosanky | 0.86% | 0.82% | 1.06% | 1.00% | 1.04% |
| Smithville | 1.17% | 1.30% | 1.43% | 1.54% | 1.35% |
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Real Estate Values in Bastrop County
The data from Redfin shows that home prices in Bastrop County, Texas have decreased by 26.16% from October 2022 to October 2023. This is a significant decrease in home prices, indicating a downward trend in the housing market in Bastrop County. Additionally, the home inventory in Bastrop County has increased slightly from 577 in October 2022 to 586 in October 2023. This indicates that there is an increase in the number of homes available for sale in the area, which could be contributing to the decrease in home prices.
Average Home Value in Bastrop County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Bastrop County
Last updated: November 2023
Percent Change in New Home Listings in Bastrop County
Last updated: November 2023
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Mortgage Rates in Bastrop County
Bastrop County has a total of $7.7 billion in outstanding home mortgage loans. This represents 13,000 loans, or approximately 8.7% of the total home value in the county. Mortgage rates in Bastrop County vary significantly across cities, with Dale having the highest median rate at 4.5%, and Rosanky having the lowest median rate at 3.91%. This variation in rates can be attributed to the different economic conditions of each city, as well as the availability of different loan products.
Overall, Bastrop County has a relatively high percentage of outstanding home mortgage loans compared to the total home value. This suggests that the county is a popular destination for homeowners looking to purchase or refinance a home. Additionally, the variation in mortgage rates across cities provides potential homeowners with a range of options when it comes to finding the best loan product for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Bastrop County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bastrop | $43,781 | $94,175 | $164,011 | $242,465 | $331,143 |
| Cedar Creek | $32,033 | $61,583 | $104,775 | $209,682 | $332,280 |
| Dale | $15,538 | $26,601 | $53,354 | $100,213 | $177,689 |
| Del Valle | $26,503 | $30,340 | $49,534 | $110,313 | $240,244 |
| Elgin | $41,732 | $66,426 | $118,775 | $200,523 | $287,228 |
| Mc Dade | $22,941 | $52,560 | $126,301 | $250,697 | $348,528 |
| Paige | $30,022 | $68,647 | $129,803 | $232,771 | $350,738 |
| Red Rock | $29,517 | $66,690 | $137,033 | $222,429 | $347,725 |
| Rosanky | $30,034 | $67,719 | $126,403 | $238,131 | $458,859 |
| Smithville | $29,778 | $63,239 | $123,734 | $212,787 | $307,924 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Bastrop County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bastrop | 2.90% | 3.40% | 3.94% | 4.57% | 5.84% |
| Cedar Creek | 2.98% | 3.58% | 4.00% | 4.84% | 6.11% |
| Dale | 3.44% | 3.89% | 4.50% | 5.72% | 6.31% |
| Del Valle | 3.10% | 3.60% | 4.28% | 4.92% | 6.19% |
| Elgin | 2.90% | 3.40% | 3.92% | 4.58% | 5.88% |
| Mc Dade | 2.90% | 3.62% | 4.16% | 4.98% | 6.10% |
| Paige | 3.00% | 3.55% | 4.00% | 4.60% | 5.73% |
| Red Rock | 3.00% | 3.59% | 4.08% | 4.62% | 5.92% |
| Rosanky | 2.90% | 3.23% | 3.91% | 4.60% | 5.73% |
| Smithville | 2.90% | 3.44% | 4.03% | 4.80% | 6.10% |
Housing Expenses in Bastrop County, Texas
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