Taylor County Real Estate and Livability Trends
Taylor County, Texas has experienced a consistent rise in average taxable income, increasing from $51,454.92 in 2013 to $73,067.70 in 2021, which could attract investors and property developers. Median home values have also climbed from $101,500 in 2015 to $169,800 in 2022, presenting a more affordable option compared to the Texas state median of $238,000. Additionally, energy tax credits have... Read more
Taylor County Market Trends
Taylor County, Texas, has seen median home values rise from $101,500 in 2015 to $169,800 in 2022, making it more affordable compared to the Texas state median of $238,000. Energy tax credits have skyrocketed from $304.00 in 2013 to $3,330.77 by 2021, indicating a community lean toward energy-efficient homes. Real estate taxes have also doubled from just over $3,500 in 2012 to over $7,100 by 2021,... Read more
Median Value of Occupied Housing Units in Taylor County, Texas Over the Last 8 Years
Taylor County, Texas has seen a steady rise in median home values over the past eight years, trending from $101,500 in 2015 to $169,800 in 2022. While this growth is substantial, it's still trailing behind the Texas state median values, which have surged from $136,000 to $238,000 in the same timeframe. Nationally, median home values have climbed from $125,500 to $179,400, making Taylor County's housing market competitive, yet relatively more affordable for those considering relocation or investment. This divergence can be attractive for budget-conscious buyers or investors looking for growth potential without the higher upfront costs seen in other markets.
Residential Energy Tax Credit Per Tax Return in Taylor County, TX Over the Last 9 Years
Taylor County, Texas has seen a substantial rise in the average residential energy tax credit per tax return over the past nine years. While starting at $304.00 in 2013, it peaked dramatically at $3,330.77 by 2021. This trend potentially underscores growing investments in energy-efficient technologies and sustainable home improvements. For real estate agents and investors, this might imply a market leaning toward eco-friendly housing and higher initial costs but possible long-term savings. Insurance agents and appraisers could consider these enhancements when evaluating property values and risk profiles. For residents and potential movers, this shift might indicate a community increasingly prioritizing energy efficiency.
Average Real Estate Taxes Per Tax Return in Taylor County, TX Over the Last 10 Years
Tax trends in Taylor County, Texas show a steady rise in average real estate taxes per tax return over the past decade, starting from just above $3,500 in 2012 to over $7,100 by 2021. This upward trajectory indicates increasing property valuations or rising tax rates, potentially impacting overall cost of living. For investors and prospective homeowners, the escalating taxes may hint at a robust real estate market, reflecting economic growth or demand in the area. Insurance agents and appraisers might find this useful for adjusting policies and property valuations accordingly. Real estate agents should be aware of these changes to better inform clients looking to buy or sell property in the county.
Percentage of Farm Returns in Taylor County, TX Over the Last 10 Years
In Taylor County, Texas, the percentage of farm returns over the past decade shows a subtle but continuous decline, dropping from approximately 3.02% in 2012 to around 2.76% by 2021. Farm tax returns are essentially filings by agricultural businesses and landowners indicating the income generated from farming activities, crucial for tax purposes. This downward trend might indicate shifting economic activities or evolving agricultural practices, impacting decisions for investment, property development, or relocation within the area.
Number of Mortgages by Occupancy Type in Taylor County, TX Over the Last 5 Years in Taylor County
Over the last five years in Taylor County, Texas, the number of mortgages for principal residences has generally remained high, while investment property mortgages have shown a mild increase with occasional dips. Notably, there was a significant rise in principal residence mortgages in 2021, reaching 7,756, and a notable decrease in 2022. Changes in occupancy types may signal shifts in community composition and real estate opportunities. For investors and real estate professionals, the higher number of principal residence mortgages suggests a steady demand for residential housing, while fluctuations in investment property mortgages could reflect varying investor confidence levels. Insurers and appraisers might also consider these trends as they influence risk assessments and property valuations.
Economic Outlook
Taylor County, Texas has seen a consistent rise in average taxable income, growing from $51,454.92 in 2013 to $73,067.70 in 2021, suggesting improving economic conditions that could attract investors and property developers. The county has also experienced fluctuations in average state and local income taxes, notably increasing from $4,500.00 in 2013 to $9,730.00 in 2021, which may reflect broader economic changes or policy shifts. Average total tax liability per tax return has similarly... Read more
Average Taxable Income per Tax Return in Taylor County, TX over the last 9 years
In Taylor County, Texas, the average taxable income per tax return has seen a notable uptick over the past nine years, signaling potential economic growth. Starting at $51,454.92 in 2013, there has been a general upward trend with fluctuations, culminating in a significant increase to $73,067.70 by 2021. This considerable rise in taxable income could be an indicator of improved economic conditions and higher earning potential in the region, making it an interesting prospect for investors, property developers, and real estate professionals. For those considering relocating, this upward trajectory suggests a robust local economy.
Average State and Local Income Taxes Per Tax Return in Taylor County, TX Over the Last 10 Years
Taylor County, Texas has seen fluctuations in average state and local income taxes per tax return over the past decade. The county experienced a notable dip in 2013 at $4500.00, followed by a significant increase in 2014 to $6423.53. More remarkable is the surge from 2017 to 2021, with consistent rises peaking at $9730.00 in 2021. This trend could potentially indicate a broader economic shift or policy changes affecting taxpayers, which might be relevant for investors, new residents, and professionals involved in real estate and financial planning.
Average Total Tax Liability Per Tax Return in Taylor County, TX Over the Last 10 Years
Taylor County, Texas has seen significant fluctuations in average total tax liability per tax return over the past decade, notably jumping from $9,140.15 in 2012 to a peak of $12,374.14 in 2021. This upward trend is not linear, showing periods of decrease such as in 2015 at $9,292.45 and in 2020 at $9,909.77. This variability suggests diverse economic conditions and may impact decisions for potential investors, real estate agents, and property developers who should consider these tax dynamics when assessing long-term financial commitments.
Cost of Living in Taylor County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,383 | $1,363 | $2,193 | $1,205 | $933 |
| 1 adult 4 children | $1,383 | $1,113 | $1,679 | $1,205 | $1,023 |
| 2 adults 3 children | $1,383 | $1,114 | $1,901 | $1,205 | $751 |
| 1 adult 3 children | $1,383 | $909 | $1,388 | $1,205 | $803 |
| 2 adults 2 children | $1,023 | $912 | $1,610 | $1,050 | $633 |
| 1 adult 2 children | $1,023 | $681 | $1,096 | $1,050 | $556 |
| 2 adults 1 child | $1,023 | $721 | $1,319 | $543 | $605 |
| 1 adult 1 child | $1,023 | $465 | $805 | $543 | $495 |
| 2 adults | $792 | $579 | $1,028 | $0 | $523 |
| 1 adult | $744 | $316 | $514 | $0 | $451 |
Safety trends & Data
Taylor County, Texas, has seen a significant drop in larceny-theft cases over the past five years, from 506 in 2018 to 275 in 2022. While burglary remains somewhat steady with fluctuating numbers, motor vehicle theft saw a major decline by 2021 but ticked up slightly in 2022. Embezzlement cases, although minimal, have shown a slight increase. Forgery, counterfeiting, and fraud are generally on a downward trend, suggesting better security protocols. These property crime trends could inform real... Read more
Property Crime Trends in Taylor County, TX Over the Last 5 Years
Over the past five years, Taylor County, Texas, has experienced some shifts in property crime trends. Larceny-theft figures show a notable decrease from 506 in 2018 to 275 in 2022, reflecting a potential improvement in theft prevention or changes in local socio-economic conditions. Burglary, however, has remained relatively stable with fluctuating numbers, suggesting ongoing challenges in securing properties. Motor vehicle theft also shows variability but at lower volumes, peaking higher in 2018 but dropping substantially by 2021 before a slight uptick again in 2022. Interestingly, embezzlement cases are generally minimal, though they did see a small increase from 2018 to 2022. Trends in forgery and counterfeiting, as well as fraud, show a general decline, which might indicate enhanced security measures or monitoring. For those involved in real estate and property development, understanding these trends could be crucial for making informed investment decisions and implementing effective risk management strategies.
Demographics
Taylor County, Texas has a subtly higher female than male adult population, hinting at a potentially nuanced impact on community dynamics. Education levels suggest a considerable portion of residents have achieved a high school diploma or some college experience, which might influence the local workforce composition. Age distribution shows a relatively significant number of young adults, particularly those under 34, possibly indicating a vibrant, potentially burgeoning community. Racial... Read more
Race Distribution in Taylor County, Texas (2022)
Educational Attainment in Taylor County, Texas (2022)
Age Distribution in Taylor County, Texas
Citizen Population in Taylor County, Texas (2022)
Political Trends & Data
In Taylor County, Texas, the 2020 U.S. Presidential Election showed a strong Republican influence, with around 71.7% of the vote, significantly overshadowing the Democrats who received about 26.5%. This heavy Republican leaning may mirror broader state trends and potentially influence local policies and real estate market dynamics. Minor parties like Libertarian and Green struggled for traction, which hints at limited third-party influence shaping the region's socio-political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Taylor County, Texas, the 2020 U.S. Presidential Election saw a significant leaning towards the Republican Party, potentially reflecting broader statewide trends. With approximately 71.7% of the vote, Republicans appeared to have a dominant presence. Democrats garnered about 26.5%, indicating a notable, yet considerably smaller share. Libertarian and Green parties, as well as other minor parties, amassed minimal support, suggesting that third-party influence might be limited in this area.
71.73% of voters voted for the Republican party in the 2020 Presidential Election
26.46% of voters voted for the Democrat party in the 2020 Presidential Election
1.50% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Green party in the 2020 Presidential Election
0.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Taylor County, Texas has seen significant variations in its student-to-teacher ratio over the past decade, peaking at 25 in 2017 before aligning closer to the national average of 14 in recent years. This trend could signal phases of educational resource strain and recovery, which might attract interest from prospective investors and residents. Real estate professionals might interpret recent dips below the national average as signs of an improving educational environment, likely influencing... Read more
Student-to-teacher ratio in Taylor County, Texas over the last 10 years
Taylor County, Texas has seen notable fluctuations in its student-to-teacher ratio over the past decade, with the ratio jumping to a high of 25 in 2017 before stabilizing closer to the national average of 14 in subsequent years. Prospective investors and residents might be intrigued by this trend as it suggests periods of educational resource strain and recovery. Real estate agents and appraisers could perceive the dips below the national average in recent years as potentially indicative of improving educational environments, which may influence property values. Insurance agents might consider these changes when assessing risk and liability related to educational infrastructure.
