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Saturday, November 2, 2024

Analysis: Fort Bend County effective property tax rates outpaced the national average in Q3 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 third quarter of 2023, which is more than 2.1 times the national average, according to the real estate analysis posted by Houston Republic.

The median sales price of a Fort Bend County home in the third quarter of 2023 was $213,285, based on data from the 1,698 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 2.1 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 Cumings, Summerfield, and Simonton 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 Cumings 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 third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Cumings5$88,456$3,7064.2%
Summerfield4$117,284$3,8643.3%
Simonton4$136,590$4,2533.1%
Meadows Place26$170,692$5,1563%
Weston Lakes17$265,664$7,9633%
Fulshear13$297,930$8,3912.8%
Four Corners39$138,432$3,8082.8%
Sugar Land330$244,684$6,3442.6%
Village of Oak Lakes7$189,208$5,0072.6%
Missouri City197$211,950$5,3702.5%
Greatwood37$286,405$6,8282.4%
Stafford31$163,150$3,6782.3%
Cinco Ranch46$359,868$8,3892.3%
West Oaks Village3$161,304$3,6782.3%
Rosenberg80$167,499$3,7442.2%
Fresno48$158,905$3,4952.2%
Katy239$296,896$6,6302.2%
Richmond250$218,937$4,5482.1%
Pecan Grove39$191,900$4,0892.1%
Mission Bend61$148,200$3,1232.1%
Sienna Plantation19$282,848$5,9192.1%
Needville27$169,400$3,4532%
New Territory13$295,108$5,7872%
Rabbs Hill3$150,510$2,9902%
Houston113$134,200$2,3491.8%
Dover5$172,620$3,1791.8%
Crabb5$175,872$3,1431.8%
Town West5$166,780$2,9151.7%
Stratford Park2$241,783$4,1671.7%
Pleak7$249,944$3,3611.3%
Beasley3$142,128$1,6131.1%
Guy5$235,520$2,0680.9%
Fairchilds5$501,440$2,7080.5%

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