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Saturday, November 23, 2024

Effective property tax rate in Fort Bend County outpaced the national average in Q2 2023

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Property owners in Fort Bend County paid 2.4% of the value of their homes in property taxes in the second 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 second quarter of 2023 was $211,130, based on data from the 1,841 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, Shiloh Lake Estates, and Village of Oak Lakes 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 second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Arcola3$18,064$2,70615%
Shiloh Lake Estates2$184,336$15,4978.4%
Village of Oak Lakes4$74,032$5,0076.8%
Meadows Place20$159,796$5,1563.2%
Four Corners49$138,432$3,8082.8%
Rosenberg119$143,880$3,7442.6%
Fulshear22$327,587$8,3912.6%
New Territory19$219,000$5,7872.6%
Greatwood Village2$176,260$4,5472.6%
Cinco Ranch51$316,890$8,3892.6%
Sugar Land318$253,178$6,3442.5%
Greatwood40$268,318$6,8282.5%
Missouri City179$221,690$5,3702.4%
Needville24$150,926$3,4532.3%
Katy283$293,016$6,6302.3%
Pecan Grove62$175,990$4,0892.3%
West Oaks Village7$158,192$3,6782.3%
Richmond268$203,031$4,5482.2%
Sienna Plantation23$264,488$5,9192.2%
Stafford33$175,240$3,6782.1%
Fifth Street3$38,110$8122.1%
Fresno45$168,728$3,4952.1%
Cumings4$183,012$3,7062%
Mission Bend66$152,569$3,1232%
Town West6$148,295$2,9152%
Crabb15$156,824$3,1432%
Rabbs Hill7$159,520$2,9901.9%
Weston Lakes25$410,184$7,9631.9%
Stratford Park2$216,595$4,1671.9%
Houston104$133,060$2,3491.8%
Summerfield2$209,885$3,8641.8%
Pleak3$249,944$3,3611.3%
Beasley5$142,128$1,6131.1%
Simonton4$471,968$4,2530.9%
Guy5$257,096$2,0680.8%

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