Olney, Archer County, Texas Property Taxes

Name: Property Tax Bills Across Olney, Archer County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Olney, TX effective property tax rate: 1.52%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Olney, TX home value: $98,675. Median annual Olney, TX tax bill: $1,222, $1,178 lower than the national median property tax bill of $2,400.

How are property taxes in Archer County calculated?

Property taxes in Olney, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Olney’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Olney, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Olney, Archer County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.52%

Estimate Property Tax Bill

$1,500

$1,392

Ownwell’s Olney Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Olney with just two data points. By entering your property's estimated assessed value, our calculator applies Olney’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Archer County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Olney, Archer County, Texas

Local government entities in Texas set property tax rates, which can differ significantly across regions. This is because each year, counties estimate the necessary budget to fund public services and divide this by the total assessed value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although the process involves votes and laws, this is essentially how annual property tax rates are established. In Olney, located in Young County, the effective property tax rate reflects these local budgetary needs. When comparing Olney's property tax rate to other cities in Texas, and against the median property tax rates in Texas and the U.S., it becomes evident how local economic factors influence these rates. Understanding these differences is crucial for homeowners seeking property tax appeals or exemptions. By recognizing how property taxes are determined, property owners can better navigate the complexities of the system and potentially reduce their tax burden.

Property Tax Rates Across Olney, Archer County, Texas

Source: Ownwell

1.42%

1.86%

2.31%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Olney Tax Rate

1.52%

Median Effective Archer County Tax Rate

1.73%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Olney, Archer County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76374	1.13%	1.35%	1.52%	1.73%	1.73%

Source: Ownwell

Property Tax Assessment Values Across Olney, Archer County, Texas

When examining property taxes in Olney, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Archer County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Archer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Olney.

For example, the median home price in Olney is $98,675, with tax bills ranging significantly across the county. Zip code 76374 has the highest median home price at $98,675.

Property Tax Assessment Values Across Olney, Archer County, Texas

Source: Ownwell

$23,510

$147,170

$270,830

Median Olney Market Value

$98,675

Median Archer County Market Value

$147,930

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Olney, Archer County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76374	$7,405	$20,485	$98,675	$172,885	$253,410

Source: Ownwell

Property Tax Bills Across Olney, Archer County, Texas

In Olney, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Olney, the median property tax bill is $1,222, which is below the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $319 and the 90th percentile reaching $3,796. These variances are influenced by factors such as property location, size, and improvements.

High property taxes can significantly impact homeowners, potentially straining their financial resources. Ownwell offers a solution by providing property tax appeal and exemption services that can help reduce these burdens. By analyzing property data and market trends, Ownwell identifies opportunities for lowering assessed values, ensuring homeowners pay only their fair share. This service not only aids in cutting down tax bills but also provides peace of mind, allowing homeowners to focus on enjoying their property without the stress of excessive taxation.

Property Tax Bills Across Olney, Archer County, Texas

Source: Ownwell

$491

$2,514

$4,536

Median Olney Tax Bill

$1,222

Median Archer County Tax Bill

$2,292

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Olney, Archer County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76374	$116	$319	$1,222	$2,264	$3,796

Source: Ownwell

Don't miss the deadline to protest!

Dates
Appeal Deadline	May 15
Tax Bill
Issued	October 1
Due Date #1	November 30
Due Date #2	June 30

Links
Archer Appraisal District
Website	www.archercad.org