Real Estate Values and Property Tax Valuation in Burnet County, Texas

Burnet County has 25,072 properties with a cumulative value of $7.9B, representing 0.37% of all real estate value in Texas. Property taxes in Burnet County totaled $102.7M, with an average homeowner paying $4,110 in property taxes compared to the state average of $4,015. The average property tax rate in Burnet County is 1.30%, 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.

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
SeniorAvailable
DisabledAvailable
HomesteadAvailable
VeteranAvailable
Solar/WindAvailable
CharitableAvailable

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Real Estate Statistics in Burnet County

Total Real Estate Value
$7.9B
Total Real Property Taxes
$102.7M
Average Property Tax Rate
1.30%
# of Real Properties
25.1K

Residential Property Taxes by Cities in Burnet County

Burnet County has an average property tax rate of 1.30%, which is slightly lower than the state average of 1.83%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Burnet County are collected by the county and distributed to the cities and other local entities.

The effective property tax rate in Burnet County varies across cities. Granite Shoals has the highest effective property tax rate at 1.83%, while Lampasas has the lowest at 0.47%. This means that property owners in Granite Shoals pay more in taxes than those in Lampasas. However, the average property tax bill in Burnet County is still relatively low at $4,110. This is lower than the state average of $4,845.

Tax Assessment Value

The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Burnet 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.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Bertram$30,128$80,490$172,874$312,704$511,036
Briggs$35,097$80,438$175,839$335,804$581,598
Burnet$25,371$96,699$203,352$354,592$600,078
Cottonwood Shores$23,257$84,747$144,914$202,397$254,065
Granite Shoals$13,130$47,161$135,187$272,392$718,016
Horseshoe Bay$20,859$81,469$233,591$638,851$912,707
Kingsland$40,528$187,013$485,023$839,275$1,544,131
Lampasas$37,105$90,547$249,684$454,885$730,602
Liberty Hill$115,401$166,544$436,489$535,520$600,551
Marble Falls$28,306$117,741$237,584$396,990$699,756
Meadowlakes$232,162$266,511$308,768$365,742$457,116
Spicewood$54,228$115,912$273,214$532,483$813,940

Property Tax Bill

This table shows the percentiles of actual property tax paid on residential properties for each city in Burnet County.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Bertram$334$857$2,025$3,842$6,094
Briggs$253$534$1,245$2,952$4,696
Burnet$256$1,021$2,583$4,638$7,373
Cottonwood Shores$337$1,141$2,515$3,630$4,925
Granite Shoals$182$621$2,194$5,038$13,997
Horseshoe Bay$239$1,138$3,384$8,982$14,215
Kingsland$526$2,497$6,791$13,123$23,838
Lampasas$181$504$1,283$2,649$5,103
Liberty Hill$775$1,692$5,371$7,593$8,609
Marble Falls$310$1,342$3,373$5,814$9,761
Meadowlakes$2,443$3,386$4,468$5,545$7,059
Spicewood$607$1,299$3,235$6,939$11,220

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.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Bertram 1.11% 1.06% 1.17% 1.23% 1.19%
Briggs 0.72% 0.66% 0.71% 0.88% 0.81%
Burnet 1.01% 1.06% 1.27% 1.31% 1.23%
Cottonwood Shores 1.45% 1.35% 1.74% 1.79% 1.94%
Granite Shoals 1.39% 1.32% 1.62% 1.85% 1.95%
Horseshoe Bay 1.15% 1.40% 1.45% 1.41% 1.56%
Kingsland 1.30% 1.34% 1.40% 1.56% 1.54%
Lampasas 0.49% 0.56% 0.51% 0.58% 0.70%
Liberty Hill 0.67% 1.02% 1.23% 1.42% 1.43%
Marble Falls 1.10% 1.14% 1.42% 1.46% 1.39%
Meadowlakes 1.05% 1.27% 1.45% 1.52% 1.54%
Spicewood 1.12% 1.12% 1.18% 1.30% 1.38%

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Real Estate Values in Burnet County

The data from Redfin shows that home prices in Burnet County, Texas have increased significantly from October 2022 to October 2023. The median home price in October 2023 was $549.7K, a 33.43% increase from the median home price in October 2022 of $422.5K. This indicates that the housing market in Burnet County is strong and that home prices are continuing to rise. Additionally, the home inventory in Burnet County increased from 333 in October 2022 to 420 in October 2023, indicating that there is an increased demand for housing in the area. Overall, the data from Redfin suggests that the housing market in Burnet County, Texas is healthy and that home prices are continuing to rise.

Median Sale Value
$549.7K
Total Active Listings
420
Annual percent change in median sale price
33.43%

Average Home Value in Burnet County, Texas

Last updated: November 2023

Percent Change in Total Home Sales in Burnet County

Last updated: November 2023

Percent Change in New Home Listings in Burnet County

Last updated: November 2023

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Mortgage Rates in Burnet County

Burnet County has a total of $1.8 billion in outstanding home mortgage loans. This represents 7.3 thousand loans, or about 8.5% of the total home value in the county. The median mortgage rate in Burnet County varies significantly from city to city, with Briggs having the highest median rate of 4.33%, and Liberty Hill having the lowest rate of 3.88%. This variation in rates across cities can be attributed to a number of factors, such as the local economy, the availability of lenders, and the creditworthiness of borrowers.

Overall, Burnet County has a relatively high level of outstanding home mortgage loans, and a wide range of mortgage rates. This indicates that the county is a popular destination for homebuyers, and that lenders are willing to offer competitive rates to borrowers. With the right research and preparation, homebuyers in Burnet County can find the best mortgage rate for their needs.

# of Outstanding Loans
7.3K
Total Outstanding Loan Amount
$1.8B
Properties with Loans
29.04%

Outstanding Mortgages

The table below shows the percentile distribution of outstanding loans on residential properties in Burnet County by city.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Bertram$37,232$75,979$152,570$235,811$336,061
Briggs$40,314$53,037$92,314$157,473$198,395
Burnet$41,298$84,155$155,912$246,322$385,289
Cottonwood Shores$32,091$65,026$123,759$183,190$244,375
Granite Shoals$32,050$64,010$137,114$258,205$416,186
Horseshoe Bay$45,898$106,359$199,495$372,534$551,145
Kingsland$73,410$149,131$273,804$486,478$836,555
Lampasas$43,523$79,003$166,339$298,718$375,715
Liberty Hill$89,110$174,432$276,402$364,233$460,788
Marble Falls$45,823$90,659$161,757$266,594$426,562
Meadowlakes$81,370$119,885$184,185$253,166$344,731
Spicewood$47,300$97,425$200,678$379,708$639,831

Mortgage Rates

The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Burnet County.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Bertram 2.80% 3.35% 3.95% 4.60% 5.75%
Briggs 3.44% 3.71% 4.33% 4.97% 6.04%
Burnet 2.80% 3.37% 3.97% 4.67% 6.00%
Cottonwood Shores 2.90% 3.20% 3.98% 4.84% 6.17%
Granite Shoals 2.90% 3.50% 4.14% 5.10% 6.21%
Horseshoe Bay 2.90% 3.40% 3.98% 4.66% 6.05%
Kingsland 2.90% 3.40% 3.94% 4.54% 5.92%
Lampasas 3.00% 3.43% 3.97% 4.66% 5.87%
Liberty Hill 2.90% 3.43% 3.88% 4.18% 4.50%
Marble Falls 2.90% 3.50% 4.02% 4.73% 6.19%
Meadowlakes 2.90% 3.42% 3.94% 4.60% 5.89%
Spicewood 2.89% 3.20% 3.92% 4.60% 5.97%

Housing Expenses in Burnet County, Texas

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Frequently asked questions

We currently operate in Texas, California, Washington, Georgia, Florida and Illinois.
We use a private national data provider that cross-references with county recorder's offices to verify ownership. If in the event our system is unable to verify the property, our team will take further steps to investigate ownership and reach out to the customer for confirmation.
Our success rate varies across geographies; however, in any given year, we typically win more than 70% of our cases, saving clients an average of $1,457 on their property taxes.
Yes, in the market areas we serve, we have a dedicated Property Tax Consultant that is physically present in the market they are servicing. The specialist assigned to your property has the necessary geographical competence to provide exemplary service!
The average property tax rate in Burnet County is 1.30%.
The following exemptions and discounts are available in Burnet County: Charitable, Disabled, Homestead and Senior