Sheridan, Colorado County, Texas Property Taxes
Median SHERIDAN, TX effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median SHERIDAN, TX home value: $61,200
Median annual SHERIDAN, TX tax bill: $719, $1,681 lower than the national median property tax bill of $2,400.
How are property taxes in Colorado calculated?
Property taxes in SHERIDAN, 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 SHERIDAN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in SHERIDAN, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sheridan, Colorado County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.17%
Estimate Property Tax Bill
$716
$664
Property Tax Rates Across Sheridan, Colorado County, Texas
Local government entities, like counties, determine tax rates, which can differ significantly within a state. This is because each year, counties calculate their necessary budget to fund services and then divide this figure by the total assessed value of all taxable properties in their area. This calculation establishes the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is essentially the annual process.
In Sheridan, located in Colorado County, Texas, the effective property tax rate provides an interesting point of comparison. Texas has a median property tax rate of 1.17%, which is higher than the national median of 1.02%. This means that property owners in Texas, including those in Sheridan, generally face higher property tax rates compared to the national average. However, the property tax rate in Sheridan aligns with the state median, offering consistency within Texas. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively. By staying informed, property owners can make strategic decisions about appealing their property taxes or seeking exemptions.
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 Sheridan Tax Rate
1.17%
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 Sheridan, Colorado County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77475 | 0.32% | 0.67% | 1.17% | 1.74% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Sheridan, Colorado County, Texas
When examining property taxes in Sheridan, 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 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 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 Sheridan.
For example, the median home price in Sheridan is $61,200, with tax bills ranging significantly across the county. 77475 has the highest median home price at $61,200.
Property Tax Assessment Values Across Sheridan, Colorado County, Texas
Source: Ownwell
$28,530
$172,555
$316,580
Median Sheridan Market Value
$61,200
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 Sheridan, Colorado County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77475 | $9,500 | $20,530 | $61,200 | $133,305 | $221,250 |
Source: Ownwell
Property Tax Bills Across Sheridan, Colorado County, Texas
Median Sheridan Tax Bill
$719
Median Colorado County Tax Bill
$1,356
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Sheridan, Colorado County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77475 | $109 | $218 | $719 | $1,625 | $2,767 |
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 |