Oldham County, Texas Property Taxes
Median Oldham County effective property tax rate: 2.47%, significantly higher than the national median of 1.02%.
Median Oldham County home value: $69,505
Median annual Oldham County tax bill: $1,461, $939 lower than the national median property tax bill of $2,400.
How are property taxes in Oldham County calculated?
Property taxes in Oldham County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Vega or another part of Oldham County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oldham County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.47%
Estimate Property Tax Bill
$1,717
$1,593
Property Tax Rates Across Oldham County, Texas
Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Oldham County, the effective property tax rate stands at 2.47%, which is significantly higher than the national median property tax rate of 1.02%. Comparatively, within Texas, Wildorado has the highest median tax rate at 1.86%, and Adrian has the lowest at 1.49%. These figures highlight the variability in property tax rates not only within Texas but also compared to the national average. Understanding these differences is crucial for property owners aiming to manage their tax liabilities effectively. By staying informed and considering property tax appeal and exemption services, property owners can potentially reduce their tax burden and make informed financial decisions.
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 Oldham County Tax Rate
2.47%
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 Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Assessment Values Across Oldham County, Texas
When examining property taxes in Oldham County, 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 Oldham 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 Oldham 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 Oldham County. For example, the median tax bill in Oldham County is $1,373, with tax bills ranging significantly across the county. Adrian has the highest median home price at $87,755.
Median Oldham County Market Value
$69,505
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Bills Across Oldham County, Texas
Median Oldham County Tax Bill
$1,461
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400