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Sunday, November 24, 2024

Fort Bend County effective property tax rate in Q4 2023 was higher than the national average

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Property owners in Fort Bend County paid 2.4% of the value of their homes in property taxes in the fourth quarter of 2023, which is more than 2.2 times the national average, according to the real estate analysis posted by SW Houston News.

The median sales price of a Fort Bend County home in the fourth quarter of 2023 was $211,600, based on data from the 1,663 properties sold during that time. In 2023, the median tax bill for the county was $5,068, which is 2.4% of the median value of the homes that were taxed.

This is 2.2 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Fort Bend County real estate data showed homeowners in Arcola, Dover, and Shiloh Lake Estates paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Arcola with some other cities belonging to Fort Bend County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Arcola13$18,064$2,70615%
Dover6$80,004$3,1794%
Shiloh Lake Estates2$442,081$15,4973.5%
Fulshear21$243,616$8,3913.4%
Sienna Plantation20$199,276$5,9193%
Village of Oak Lakes2$166,410$5,0073%
Meadows Place16$175,664$5,1562.9%
Four Corners39$138,432$3,8082.8%
Greatwood Village5$162,296$4,5472.8%
New Territory29$217,670$5,7872.7%
Sugar Land324$244,684$6,3442.6%
Missouri City167$208,910$5,3702.6%
Katy259$264,552$6,6302.5%
Greatwood30$277,110$6,8282.5%
Weston Lakes14$320,376$7,9632.5%
Cinco Ranch40$345,081$8,3892.4%
Rosenberg95$162,552$3,7442.3%
Stafford32$161,311$3,6782.3%
Crabb6$136,672$3,1432.3%
West Oaks Village4$163,280$3,6782.3%
Needville26$166,360$3,4532.1%
Fresno43$164,584$3,4952.1%
Rabbs Hill3$141,640$2,9902.1%
Richmond232$230,620$4,5482%
Simonton6$209,136$4,2532%
Mission Bend68$165,582$3,1231.9%
Pearland2$265,148$4,9611.9%
Town West3$150,864$2,9151.9%
Pecan Grove32$224,451$4,0891.8%
Pheasant Creek6$241,120$4,3221.8%
Houston91$136,940$2,3491.7%
Fifth Street2$60,100$8121.4%
Fairchilds3$199,808$2,7081.4%
Pleak2$252,077$3,3611.3%
Beasley3$142,128$1,6131.1%
Guy5$257,096$2,0680.8%
Orchard2$138,558$8820.6%

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