New Ulm, Colorado County, Texas Property Taxes
Median New Ulm, TX effective property tax rate: 1.06%, slightly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median New Ulm, TX home value: $220,838
Median annual New Ulm, TX tax bill: $2,264, $136 lower than the national median property tax bill of $2,400.
How are property taxes in Colorado County calculated?
Property taxes in New Ulm, 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 New Ulm’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Ulm, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Ulm, Colorado County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.06%
Estimate Property Tax Bill
$2,341
$2,172
Property Tax Rates Across New Ulm, Colorado County, Texas
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate the budget needed to provide services and divide it by the total value of all taxable property in their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In New Ulm, located in Colorado County, TX, the effective property tax rate reflects this process. Compared to other cities in Texas, New Ulm's rate aligns closely with the state's median property tax rate of 1.06%. This is slightly above the national median rate of 1.02%. Additionally, the median property tax bill in New Ulm tends to be higher than the national median of $2,400 due to the higher rate.
Understanding these rates can help property owners in New Ulm make informed decisions about appealing their property taxes. By comparing local rates to state and national figures, residents can better assess whether their property tax assessments are fair and accurate.
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 New Ulm Tax Rate
1.06%
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 Colorado County Tax Rate
1.13%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Ulm, Colorado County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78950 | 0.36% | 0.78% | 1.06% | 1.27% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across New Ulm, Colorado County, Texas
When examining property taxes in New Ulm, 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 Colorado 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 Colorado 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 New Ulm.
For example, the median home price in New Ulm is $220,838, with tax bills ranging significantly across the county. Zip code 78950 has the highest median home price at $220,838.
Property Tax Assessment Values Across New Ulm, Colorado County, Texas
Source: Ownwell
$28,530
$172,555
$316,580
Median New Ulm Market Value
$220,838
Median Colorado County Market Value
$111,020
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Ulm, Colorado County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78950 | $46,771 | $107,532 | $220,838 | $339,865 | $493,820 |
Source: Ownwell
Property Tax Bills Across New Ulm, Colorado County, Texas
Median New Ulm Tax Bill
$2,264
Median Colorado County Tax Bill
$1,356
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across New Ulm, Colorado County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78950 | $401 | $999 | $2,264 | $3,973 | $6,131 |
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 | |
|---|---|
| Colorado Appraisal District | |
| Website | propaccess.trueautomation.com |