Average Tax Assessment in Llano County
Real Estate Values and Property Tax Valuation in Llano County, Texas
Llano County has a total of 15,345 properties with a cumulative value of $5.2B. This accounts for 0.25% of all real estate value in Texas. Property taxes in Llano County amount to $78.9M, with an average homeowner paying $5,148 in property taxes, which is higher than the state average of $4,015. The average property tax rate in Llano County is 1.51%, lower than the state average of 1.69%. Properties are typically valued for tax purposes based on their 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 | |
|---|---|
| Llano Clerk | (325) 247-4455 |
| Llano Appraisal District | (325) 247-3065 |
| 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 Llano County
Residential Property Taxes by Cities in Llano County
Llano County has an average property tax rate of 1.51%, 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 Llano County are collected by the county and distributed to the cities and other local governments. The average property tax bill in Llano County is $5,148.
Property tax rates vary across the cities in Llano County. The city with the highest effective property tax rate is Horseshoe Bay at 1.58%, while the city with the lowest effective property tax rate is Tow at 1.31%. Property taxes are an important source of revenue for local governments, and the rates in Llano County are generally lower than the state average.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Llano 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 |
|---|---|---|---|---|---|
| Buchanan Dam | $28,995 | $69,975 | $163,920 | $263,475 | $426,904 |
| Horseshoe Bay | $134,550 | $231,145 | $400,070 | $750,020 | $1,436,838 |
| Kingsland | $21,711 | $50,938 | $141,570 | $319,745 | $728,806 |
| Llano | $20,082 | $50,865 | $101,910 | $188,970 | $305,442 |
| Sunrise Beach | $140,684 | $251,235 | $472,235 | $692,888 | $963,221 |
| Tow | $23,885 | $55,685 | $111,625 | $195,378 | $314,452 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Llano County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buchanan Dam | $376 | $947 | $2,259 | $3,752 | $5,938 |
| Horseshoe Bay | $2,062 | $3,556 | $6,361 | $11,845 | $22,864 |
| Kingsland | $294 | $687 | $1,956 | $4,593 | $10,471 |
| Llano | $320 | $784 | $1,688 | $2,995 | $4,630 |
| Sunrise Beach | $1,956 | $3,626 | $7,103 | $10,426 | $14,499 |
| Tow | $312 | $740 | $1,459 | $2,575 | $4,163 |
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 |
|---|---|---|---|---|---|
| Buchanan Dam | 1.30% | 1.35% | 1.38% | 1.42% | 1.39% |
| Horseshoe Bay | 1.53% | 1.54% | 1.59% | 1.58% | 1.59% |
| Kingsland | 1.35% | 1.35% | 1.38% | 1.44% | 1.44% |
| Llano | 1.59% | 1.54% | 1.66% | 1.58% | 1.52% |
| Sunrise Beach | 1.39% | 1.44% | 1.50% | 1.50% | 1.51% |
| Tow | 1.31% | 1.33% | 1.31% | 1.32% | 1.32% |
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Real Estate Values in Llano County
The data from Redfin shows that the median home price in Llano County, Texas has decreased significantly from October 2022 to October 2023, dropping by 35.86%. This indicates that the housing market in Llano County is cooling off. Additionally, the home inventory in Llano County has more than doubled from October 2022 to October 2023, indicating that there is an increased supply of homes on the market. This could be contributing to the decrease in home prices. Overall, the data suggests that the housing market in Llano County is slowing down.
Average Home Value in Llano County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Llano County
Last updated: November 2023
Percent Change in New Home Listings in Llano County
Last updated: November 2023
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Mortgage Rates in Llano County
Llano County is home to a total of $1.0B in outstanding home mortgage loans. This represents an estimated 4.1K loans, or approximately 8.2% of the total home value in the county. Mortgage rates in Llano County vary significantly across cities, with the highest median rate being 4.19% in Tow and the lowest being 3.91% in Horseshoe Bay. This variation in rates can be attributed to the different economic and housing market conditions in each city.
Overall, Llano County has a relatively high amount of outstanding home mortgage loans compared to the total home value in the county. This indicates that homeowners in the area are taking advantage of the current low interest rates to purchase or refinance their homes. Furthermore, the variation in rates across cities provides homeowners with the opportunity to shop around for the best deal.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Llano County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buchanan Dam | $45,722 | $70,465 | $133,083 | $216,183 | $351,143 |
| Horseshoe Bay | $71,132 | $131,912 | $235,884 | $390,568 | $695,534 |
| Kingsland | $23,377 | $58,780 | $126,737 | $251,514 | $462,861 |
| Llano | $25,078 | $57,447 | $106,522 | $184,950 | $283,811 |
| Sunrise Beach | $60,330 | $143,929 | $236,339 | $394,979 | $683,314 |
| Tow | $20,125 | $41,506 | $88,539 | $158,006 | $250,287 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Llano County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buchanan Dam | 2.90% | 3.47% | 4.02% | 4.80% | 6.12% |
| Horseshoe Bay | 2.80% | 3.20% | 3.91% | 4.50% | 5.99% |
| Kingsland | 2.90% | 3.49% | 4.03% | 4.70% | 5.94% |
| Llano | 2.90% | 3.55% | 4.08% | 5.00% | 6.15% |
| Sunrise Beach | 2.99% | 3.50% | 4.02% | 4.95% | 6.17% |
| Tow | 3.02% | 3.63% | 4.19% | 4.88% | 6.12% |
Housing Expenses in Llano County, Texas
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