Odessa, Midland County, Texas Property Taxes

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

Median Odessa, TX effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Odessa, TX home value: $332,000. Median annual Odessa, TX tax bill: $2,672, $272 higher than the national median property tax bill of $2,400.

How are property taxes in Midland County calculated?

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

Last Updated March 1, 2025

Odessa, Midland County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.9%

Estimate Property Tax Bill

$2,988

$2,773

Ownwell’s Odessa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Odessa with just two data points.

By entering your property's estimated assessed value, our calculator applies Odessa’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 Midland.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Odessa, Midland County, Texas

Local government entities determine property tax rates, and these can vary significantly within Texas. Each county calculates its necessary budget to fund services and divides this by the total assessed value of all taxable property in its jurisdiction, resulting in the property tax rate. Although votes and laws influence the setting of tax rates and budgets, this is essentially the yearly process.

In Odessa, located in Ector County, the effective property tax rate is a crucial factor for homeowners. The median property tax rate in Odessa is 1.01%, slightly lower than the national median of 1.02%. This means that homeowners in Odessa generally pay a property tax bill close to the national median of $2400. However, within Odessa, the highest median tax rate can reach 1.15%, while the lowest is 0.85%, indicating a range of potential tax burdens depending on the specific area and property value.

Comparing Odessa to other cities in Texas, it’s evident that property tax rates can fluctuate, impacting homeowners' financial responsibilities. Understanding these rates is vital for property owners looking to manage their expenses effectively.

Property Tax Rates Across Odessa, Midland County, Texas

Source: Ownwell

0.85%

1.05%

1.24%

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 Odessa Tax Rate

0.90%

Median Effective Midland County Tax Rate

1.15%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Odessa, Midland County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79765	0.42%	0.75%	0.85%	1.15%	1.15%
79766	0.35%	1.15%	1.15%	1.15%	1.15%

Source: Ownwell

Property Tax Assessment Values Across Odessa, Midland County, Texas

When examining property taxes in Odessa, 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 Midland 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 Midland 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 Odessa. For example, the median home price in Odessa is $332,000, with tax bills ranging significantly across the county. 79765 has the highest median home price at $355,000.

Property Tax Assessment Values Across Odessa, Midland County, Texas

Source: Ownwell

$18,180

$186,590

$355,000

Median Odessa Market Value

$332,000

Median Midland County Market Value

$239,530

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Odessa, Midland County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79765	$26,776	$241,695	$355,000	$459,495	$627,154
79766	$32,420	$90,160	$109,350	$132,720	$159,038

Source: Ownwell

Property Tax Bills Across Odessa, Midland County, Texas

In Odessa, property tax bills are calculated based on the assessed value of a homeowner's property, which is determined by the local appraisal district. The tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence this process, including property size, location, and any improvements made. These elements directly impact the final tax bill, which can vary significantly within the city. For instance, the median tax bill in Odessa is notably lower than the national median, with a 25th percentile tax bill of $1,119 and a 75th percentile bill of $3,860. Homeowners in certain zip codes, such as 79765, face higher median tax bills, reaching up to $2,936. Ownwell can assist homeowners in Odessa by identifying potential discrepancies in property assessments and guiding them through the appeal process. By leveraging expert knowledge and experience, Ownwell helps ensure that homeowners pay only their fair share, potentially saving them significant amounts on their property tax bills.

Property Tax Bills Across Odessa, Midland County, Texas

Source: Ownwell

$164

$2,036

$3,908

Median Odessa Tax Bill

$2,672

Median Midland County Tax Bill

$2,479

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Odessa, Midland County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79765	$300	$1,478	$2,936	$4,049	$5,640
79766	$241	$653	$1,164	$1,437	$1,779

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
Midland Appraisal District
Website	iswdataclient.azurewebsites.net