Austin, TX variant. This is a Austin, TX-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Austin property tax runs about 1.95% of value - roughly $10,530/year on the $540,000 median home.
Property tax in Austin
Tax = assessed value × local rate. The 1.95% effective rate captures Austin's blend of county, city, and school levies.
On the $540,000 median home that's $10,530/year ($878/month), usually escrowed with your mortgage.
About Austin, TX
Austin residents pay no state or city income tax, as Texas does not levy a personal income tax.
Austin's housing market has grown sharply in recent years, with home prices and rents rising amid rapid population growth.
Austin's economy is anchored by a fast-growing technology sector and its role as the Texas state capital and a major university town.
Worked example: $540,000 home
$540,000 × 1.95% = $10,530/year. A $600,000 Austin home would owe about $11,700.
Quick reference
- Median home value: $540,000
- Median rent: $2,100/mo
- Median household income: $89,415
- Local sales tax: 8.25%
- Effective property tax rate: 1.95%
- Cost of living index: 119 (US avg = 100)
Frequently Asked Questions
What is the property tax rate in Austin?
About 1.95% of market value per year.
How much property tax on a median Austin home?
Roughly $10,530 per year.