Vega, Oldham County, Texas Property Taxes

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

Median VEGA, TX effective property tax rate: 1.74%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median VEGA, TX home value: $60,720
Median annual VEGA, TX tax bill: $994, $1,406 lower than the national median property tax bill of $2,400.

How are property taxes in Oldham County calculated?

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

Last Updated March 1, 2025

Vega, Oldham County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.74%

Estimate Property Tax Bill

$1,057

$980

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

By entering your property's estimated assessed value, our calculator applies Vega’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 Oldham County.

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

Property Tax Rates Across Vega, Oldham County, Texas

Local government entities set tax rates, and these can vary widely within Texas. This is because each county annually estimates its budget needs to provide essential services, dividing this by the total value of taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is the core of the annual process.

In Vega, located in Oldham County, the effective property tax rate stands at 1.74%. This is significantly higher than the national median property tax rate of 1.02%. When comparing Vega’s property tax rate to other cities in Texas, it remains consistent with the highest and lowest median tax rates within the same zip code, which are both 1.74%. In contrast, the national median property tax bill is $2400, highlighting the variance in property tax burdens across the country. Understanding these differences is crucial for property owners aiming to manage their tax liabilities effectively. By staying informed, residents can better navigate the complexities of property tax assessments and ensure they are not overpaying.

Property Tax Rates Across Vega, Oldham County, Texas

Source: Ownwell

1.49%

1.68%

1.86%

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 Vega Tax Rate

1.74%

Median Effective Oldham County Tax Rate

2.47%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Vega, Oldham County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79092	1.72%	1.72%	1.74%	1.74%	1.74%

Source: Ownwell

Property Tax Assessment Values Across Vega, Oldham County, Texas

When examining property taxes in Vega, Texas, 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 Vega. For example, the median home price in Vega is $60,720, with tax bills ranging significantly across the county. 79092 has the highest median home price at $60,720.

Property Tax Assessment Values Across Vega, Oldham County, Texas

Source: Ownwell

$57,400

$72,578

$87,755

Median Vega Market Value

$60,720

Median Oldham County Market Value

$69,505

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Vega, Oldham County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79092	$4,240	$18,225	$60,720	$171,758	$319,250

Source: Ownwell

Property Tax Bills Across Vega, Oldham County, Texas

In Vega, located in Oldham County, TX, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Vega is $60,720, which, when combined with local tax rates, results in a typical property tax bill. Homeowners in this area experience a range of tax bills, with the 25th percentile at $333 and the 75th percentile reaching $2,870. The highest median tax bill recorded is $994 in the 79092 zip code, which is below the national median property tax bill of $2,400. Factors such as property size, location, and improvements influence the assessed value, impacting the final tax bill. High property taxes can be a financial burden for homeowners, but Ownwell offers solutions. By leveraging their expertise in property tax appeals and exemptions, Ownwell can help homeowners potentially reduce their tax bills, ensuring they pay only their fair share. This service can lead to significant savings and financial relief for property owners.

Property Tax Bills Across Vega, Oldham County, Texas

Source: Ownwell

$944

$1,159

$1,373

Median Vega Tax Bill

$994

Median Oldham County Tax Bill

$1,461

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Vega, Oldham County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79092	$79	$333	$994	$2,870	$5,219

Source: Ownwell