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SE Texas Times

Friday, November 22, 2024

Analysis: Hardin County effective property tax rate outpaced the national average in Q1 2023

Realestate2

Property owners in Hardin County paid 1.7% of the value of their homes in property taxes in the first quarter of 2023, which is more than 1.5 times the national average, according to the real estate analysis posted by the SE Texas Times.

The median sales price of a Hardin County home in the first quarter of 2023 was $92,085, based on data from the 26 properties sold during that time. In 2018 the median tax bill for the county was $1,570, which is 1.7% of the median value of the homes that were taxed.

This is 1.5 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Hardin County real estate data showed homeowners in Sour Lake and Village Mills paid the highest rates.

The following table compares Sour Lake with some other cities belonging to Hardin County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Sour Lake5$49,980$1,7443.5%
Village Mills3$120,160$2,6592.2%
Kountze2$69,245$1,2411.8%
Lumberton12$156,735$2,7731.8%
Silsbee4$80,650$1,4521.8%

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