The Colony, Denton County, Texas Property Taxes
Median THE COLONY, TX effective property tax rate: 1.67%, significantly higher than the national median of 1.02%, but lower than the TX state median of 1.67%.
Median THE COLONY, TX home value: $395,917
Median annual THE COLONY, TX tax bill: $6,467, $4,067 higher than the national median property tax bill of $2,400.
How are property taxes in Denton calculated?
Property taxes in THE COLONY, 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 THE COLONY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in THE COLONY, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
The Colony, Denton County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.67%
Estimate Property Tax Bill
$6,612
$6,136
$1,102
Average Tax Savings
Ownwell’s The Colony Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in The Colony with just two data points.
By entering your property's estimated assessed value, our calculator applies The Colony’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 more 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 Denton County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across The Colony, Denton County, Texas
Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate their necessary budget to provide services and divide that by the total value of all taxable property within their jurisdiction. This calculation establishes the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process.
In The Colony, situated in Denton County, TX, the effective property tax rate stands at 1.67%, which is notably higher than the national median of 1.02%. This rate reflects the county's approach to balancing its budgetary needs against the total assessed value of properties. Property owners in The Colony contribute more than the national average to fund local services, highlighting the importance of understanding local property tax dynamics.
For property owners, comparing The Colony’s tax rate with other cities in Texas and the national median can provide valuable insights. This comparison underscores the need for property tax appeal services to potentially reduce tax burdens and ensure fair assessments.
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 The Colony Tax Rate
1.67%
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 Denton County Tax Rate
1.49%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across The Colony, Denton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75056 | 1.46% | 1.55% | 1.67% | 1.94% | 1.94% |
Source: Ownwell
$1,102
Average The Colony Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across The Colony, Denton County, Texas
When examining property taxes in The Colony, 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 Denton 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 Denton 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 The Colony. For example, the median home price in The Colony is $395,917, with tax bills ranging significantly across the county. Zip code 75056 has the highest median home price at $395,917.
Property Tax Assessment Values Across The Colony, Denton County, Texas
Source: Ownwell
$71,670
$760,835
$1,450,000
Median The Colony Market Value
$395,917
Median Denton County Market Value
$438,301
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across The Colony, Denton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75056 | $269,050 | $310,781 | $395,917 | $587,289 | $780,000 |
Source: Ownwell
$1,102
Average The Colony Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across The Colony, Denton County, Texas
In The Colony, located in Denton County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in this area is $395,917. Homeowners face a median property tax bill of $6,467, significantly higher than the national median of $2,400. The tax rate in this region can lead to hefty financial burdens, with tax bills ranging from $4,967 at the 25th percentile to $12,840 at the 90th percentile.
Factors such as property improvements, market conditions, and neighborhood developments can influence these assessments, impacting the final tax bill. For homeowners in The Colony, this can mean a substantial portion of their budget is allocated to property taxes.
Ownwell assists homeowners by offering property tax appeal and exemption services, potentially reducing these burdensome costs. Through expert analysis and representation, Ownwell ensures that homeowners pay only their fair share, helping to alleviate the financial pressure of high property tax bills in The Colony.
Median The Colony Tax Bill
$6,467
Median Denton County Tax Bill
$6,260
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across The Colony, Denton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75056 | $3,991 | $4,967 | $6,467 | $9,392 | $12,840 |
Source: Ownwell
$1,102
Average The Colony Tax Savings
Save on your property taxes & more with Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | January 31 |
Links | |
|---|---|
| Denton Appraisal District | |
| Phone | (940) 349-3910 |
| Website | www.dentoncad.com |
Save money on your property taxes with Ownwell
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.