Real Estate Values and Property Tax Valuation in Austin, Texas

The city of Austin has a total of 267,319 properties with a cumulative value of $139.1B, making up 81.05% of all real estate value in Travis County. Property taxes in Austin are collected across these 267,319 properties, amounting to a total of $2.4B. The average Austin homeowner pays $8,877 in property taxes compared to a county average of $8,198, with an average property tax rate of 1.70% compared to the county average of 1.73%. Property values for tax purposes are determined by the local taxing authority, typically 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.

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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Ownwell will evaluate your property tax assessment, build a case, and file an appeal. With our Savings-or-Free guarantee, only pay 25% of your property tax bill savings!

Real Estate Statistics in Austin, Texas

Total Real Estate Value
$139.1B
Total Real Property Taxes
$2.4B
Average Property Tax Rate
1.70%
# of Real Properties
267,319

Residential Property Tax by ZIP code in Austin, Texas

Austin property taxes are relatively low compared to other cities in Texas. The average property tax rate in Austin is 1.70%, while the average Travis County property tax rate is 1.73%. This means that Austin residents pay slightly less in property taxes than the rest of the county.

Property tax rates in Austin vary across ZIP codes. The ZIP code with the highest effective property tax rate is 78701, with a rate of 1.97%. The ZIP code with the lowest effective property tax rate is 78737, with a rate of 1.32%. These differences in property tax rates are due to the differences in home values across ZIP codes. For example, homes in 78701 tend to be more expensive than homes in 78737, so the effective property tax rate is higher in 78701.

Tax Assessment Value

The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Austin, Texas. 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.

ZIP Code10th Percentile25th PercentileMedian75th Percentile90th Percentile
78701$66,533$374,363$522,928$891,200$1,717,417
78702$323,054$392,115$486,402$620,000$792,000
78703$402,936$689,957$965,968$1,403,650$2,082,640
78704$275,898$452,037$636,041$851,608$1,148,117
78705$170,801$233,757$321,452$600,366$862,159
78719$33,672$94,180$169,323$250,741$369,414
78721$261,142$302,929$359,851$442,307$550,080
78722$355,915$424,987$511,690$619,900$735,963
78723$257,449$351,514$409,132$497,282$662,260
78724$17,078$40,000$200,310$266,458$337,079
78725$180,785$203,531$233,226$276,629$317,414
78726$395,223$450,162$516,776$591,780$700,567
78727$268,057$312,935$380,933$431,258$505,979
78728$233,301$283,814$332,454$371,429$420,793
78729$336,503$359,626$398,544$410,124$452,648
78730$229,546$562,468$818,600$1,142,120$1,651,326
78731$269,249$549,093$774,562$971,200$1,297,430
78732$365,830$439,035$574,689$762,800$953,334
78733$352,500$488,456$746,550$1,007,608$1,669,551
78734$71,779$236,486$399,353$618,641$997,190
78735$26,747$381,318$600,000$868,342$1,572,600
78736$215,199$342,764$406,508$528,125$707,583
78737$249,441$441,977$535,728$661,013$830,241
78738$337,083$488,337$607,229$790,114$1,291,684
78739$436,865$490,322$563,028$628,002$698,524
78741$143,102$218,768$311,848$408,208$508,966
78742$1,868$6,414$35,428$191,350$275,288
78744$27,057$186,062$253,913$300,650$348,333
78745$265,175$321,488$363,261$409,744$468,921
78746$605,803$804,909$1,079,495$1,553,241$2,434,900
78747$28,500$203,664$270,747$319,563$402,976
78748$253,045$285,052$331,833$390,698$457,679
78749$329,407$369,738$425,900$483,634$554,597
78750$382,196$533,791$616,696$705,200$799,520
78751$279,724$415,260$540,384$693,975$879,672
78752$194,486$250,263$354,738$419,806$485,936
78753$31,617$231,496$277,418$336,245$386,619
78754$28,000$225,484$276,535$317,762$354,572
78756$253,743$448,082$591,197$739,707$940,782
78757$259,397$415,138$492,019$594,946$714,106
78758$192,865$281,697$335,940$378,036$423,269
78759$306,124$416,000$516,161$646,968$746,681

Property Tax Bill

This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Austin, Texas.

ZIP Code10th Percentile25th PercentileMedian75th Percentile90th Percentile
78701$845$6,576$10,089$17,860$33,782
78702$2,563$6,128$8,627$11,319$14,726
78703$6,801$11,374$16,883$24,543$35,945
78704$4,567$7,543$11,511$15,128$20,107
78705$3,478$4,828$6,551$11,098$16,099
78719$154$785$2,144$4,000$5,906
78721$1,412$4,203$6,270$8,107$10,245
78722$3,791$6,788$8,932$10,990$13,251
78723$2,305$4,639$7,234$9,191$12,342
78724$181$615$2,339$4,986$6,790
78725$1,258$2,829$3,726$4,540$5,573
78726$6,429$8,468$10,012$11,544$13,257
78727$3,472$5,280$6,959$8,249$9,645
78728$2,874$4,765$5,718$6,643$7,559
78729$3,184$4,961$6,355$7,217$8,211
78730$4,532$9,340$14,458$19,505$26,667
78731$4,643$8,188$12,787$16,875$22,570
78732$6,432$8,882$11,473$15,361$19,097
78733$4,167$6,849$10,707$16,110$23,592
78734$934$2,831$5,758$8,898$14,945
78735$599$5,652$10,117$14,427$27,683
78736$1,636$3,868$6,535$8,622$10,956
78737$2,403$4,486$7,374$9,454$12,573
78738$4,013$8,276$11,169$14,987$22,437
78739$5,946$8,105$9,902$11,444$12,941
78741$578$3,115$5,479$7,894$9,873
78742$12$87$428$2,847$4,900
78744$255$1,273$4,297$6,007$7,339
78745$2,338$4,322$6,385$7,703$8,967
78746$8,002$12,753$17,295$23,737$35,803
78747$326$2,309$4,806$5,893$7,108
78748$2,760$4,857$5,999$7,193$8,453
78749$4,031$5,810$7,537$8,785$10,019
78750$5,851$8,185$10,701$12,764$14,909
78751$4,363$7,482$10,041$12,903$16,224
78752$2,172$3,886$6,101$7,868$9,266
78753$345$2,583$4,981$6,332$7,618
78754$421$2,802$5,529$6,735$7,760
78756$4,558$7,807$10,929$13,704$17,446
78757$3,655$6,490$8,977$11,078$13,289
78758$2,156$3,798$5,870$7,565$8,808
78759$4,064$6,212$8,711$11,316$13,749

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.

ZIP Code10th Percentile25th PercentileMedian75th Percentile90th Percentile
78701 1.27% 1.76% 1.93% 2.00% 1.97%
78702 0.79% 1.56% 1.77% 1.83% 1.86%
78703 1.69% 1.65% 1.75% 1.75% 1.73%
78704 1.66% 1.67% 1.81% 1.78% 1.75%
78705 2.04% 2.07% 2.04% 1.85% 1.87%
78719 0.46% 0.83% 1.27% 1.60% 1.60%
78721 0.54% 1.39% 1.74% 1.83% 1.86%
78722 1.07% 1.60% 1.75% 1.77% 1.80%
78723 0.90% 1.32% 1.77% 1.85% 1.86%
78724 1.06% 1.54% 1.17% 1.87% 2.01%
78725 0.70% 1.39% 1.60% 1.64% 1.76%
78726 1.63% 1.88% 1.94% 1.95% 1.89%
78727 1.30% 1.69% 1.83% 1.91% 1.91%
78728 1.23% 1.68% 1.72% 1.79% 1.80%
78729 0.95% 1.38% 1.59% 1.76% 1.81%
78730 1.97% 1.66% 1.77% 1.71% 1.61%
78731 1.72% 1.49% 1.65% 1.74% 1.74%
78732 1.76% 2.02% 2.00% 2.01% 2.00%
78733 1.18% 1.40% 1.43% 1.60% 1.41%
78734 1.30% 1.20% 1.44% 1.44% 1.50%
78735 2.24% 1.48% 1.69% 1.66% 1.76%
78736 0.76% 1.13% 1.61% 1.63% 1.55%
78737 0.96% 1.01% 1.38% 1.43% 1.51%
78738 1.19% 1.69% 1.84% 1.90% 1.74%
78739 1.36% 1.65% 1.76% 1.82% 1.85%
78741 0.40% 1.42% 1.76% 1.93% 1.94%
78742 0.64% 1.36% 1.21% 1.49% 1.78%
78744 0.94% 0.68% 1.69% 2.00% 2.11%
78745 0.88% 1.34% 1.76% 1.88% 1.91%
78746 1.32% 1.58% 1.60% 1.53% 1.47%
78747 1.14% 1.13% 1.78% 1.84% 1.76%
78748 1.09% 1.70% 1.81% 1.84% 1.85%
78749 1.22% 1.57% 1.77% 1.82% 1.81%
78750 1.53% 1.53% 1.74% 1.81% 1.86%
78751 1.56% 1.80% 1.86% 1.86% 1.84%
78752 1.12% 1.55% 1.72% 1.87% 1.91%
78753 1.09% 1.12% 1.80% 1.88% 1.97%
78754 1.50% 1.24% 2.00% 2.12% 2.19%
78756 1.80% 1.74% 1.85% 1.85% 1.85%
78757 1.41% 1.56% 1.82% 1.86% 1.86%
78758 1.12% 1.35% 1.75% 2.00% 2.08%
78759 1.33% 1.49% 1.69% 1.75% 1.84%

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Real Estate Values in Austin, Texas

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Average Home Value in Austin, Texas

Last updated: August 2023

Average home value over time in Austin, Texas

Last updated: August 2023

Total unique home listings in Austin, Texas

Last updated: August 2023

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Housing Expenses in Austin, Texas

Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.

Monthly Consumer Expenses for South region

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How Ownwell works?

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  4. When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.

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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 Austin is 1.70%.
The following exemptions and discounts are available in Austin: Charitable, Disabled, Homestead and Senior