Oakland, Colorado County, Texas Property Taxes

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

Median Oakland, TX effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Oakland, TX home value: $28,530. Median annual Oakland, TX tax bill: $271, $2,129 lower than the national median property tax bill of $2,400.

How are property taxes in Colorado calculated?

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

Last Updated March 1, 2025

Oakland, Colorado County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$351

$326

Ownwell’s Oakland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oakland with just two data points. By entering your property's estimated assessed value, our calculator applies Oakland’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 Colorado County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Oakland, Colorado County, Texas

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Oakland, located in Colorado County, Texas, the effective property tax rate is notably different from other cities within the state. Texas has a median property tax rate of 1.23%, which is higher than the national median of 1.02%. This difference highlights the unique tax landscape in Texas, where rates can fluctuate significantly from one area to another.

Understanding these rates is crucial for property owners aiming to manage their tax liabilities effectively. By being aware of the local tax environment, property owners can make informed decisions and potentially reduce their tax burden through appeals and exemptions.

Property Tax Rates Across Oakland, Colorado County, Texas

Source: Ownwell

0.78%

1.07%

1.37%

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 Oakland Tax Rate

1.23%

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 Oakland, Colorado County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
78951	0.27%	0.64%	1.23%	1.64%	1.64%

Source: Ownwell

Property Tax Assessment Values Across Oakland, Colorado County, Texas

When examining property taxes in Oakland, 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. Assessment notices: In Colorado County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Oakland. For example, the median home price in Oakland is $28,530, with tax bills ranging significantly across the county. Zip code 78951 has the highest median home price at $28,530.

Property Tax Assessment Values Across Oakland, Colorado County, Texas

Source: Ownwell

$28,530

$172,555

$316,580

Median Oakland Market Value

$28,530

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 Oakland, Colorado County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
78951	$8,196	$12,475	$28,530	$77,960	$126,776

Source: Ownwell

Property Tax Bills Across Oakland, Colorado County, Texas

In Oakland, located in Colorado County, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The median home price in this area is $28,530, significantly lower than the national median. Property tax rates in Texas are applied to the assessed value to determine the final tax bill. The median property tax bill in Oakland is $271, which is far below the national median of $2,400, reflecting the lower property values in the area. Factors such as local tax rates and any applicable exemptions can influence the final amount a homeowner pays. For those in the 75th percentile, tax bills reach approximately $546, while the 90th percentile sees bills up to $1,517. Ownwell assists homeowners by offering property tax appeal services, potentially reducing their tax bills by ensuring their properties are assessed fairly. By leveraging expertise and local knowledge, Ownwell helps homeowners achieve significant savings on their property tax obligations.

Property Tax Bills Across Oakland, Colorado County, Texas

Source: Ownwell

$271

$1,862

$3,453

Median Oakland Tax Bill

$271

Median Colorado County Tax Bill

$1,356

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Oakland, Colorado County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
78951	$105	$164	$271	$546	$1,517

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