Wildorado, Oldham County, Texas Property Taxes
Median Wildorado, TX effective property tax rate: 1.86%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Wildorado, TX home value: $57,400
Median annual Wildorado, TX tax bill: $944, $1,456 lower than the national median property tax bill of $2,400.
How are property taxes in Oldham County calculated?
Property taxes in Wildorado, 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 Wildorado’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wildorado, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wildorado, Oldham County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.86%
Estimate Property Tax Bill
$1,068
$991
Property Tax Rates Across Wildorado, Oldham County, Texas
Local government entities are responsible for setting tax rates, and these can differ significantly across a state. The reason for this variation is that every year, each county calculates its budgetary needs to provide essential services and then divides this amount by the total assessed value of all taxable property within its borders. This calculation determines the property tax rate for that year. While the process involves votes and legal considerations, this is essentially how it works annually.
You can compare Wildorado’s effective property tax rate to other cities in Texas, as well as to the median property tax rates in Texas and across the United States. Wildorado, located in Oldham County, has a median property tax rate of 1.86%, which is notably higher than the national median of 1.02%. This higher rate can translate into substantial differences in the property tax bill for homeowners. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.
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 Wildorado Tax Rate
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 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 Wildorado, Oldham County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79098 | 1.66% | 1.86% | 1.86% | 1.86% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Wildorado, Oldham County, Texas
When examining property taxes in Wildorado, 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.
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 Wildorado.
For example, the median home price in Wildorado is $57,400, with tax bills ranging significantly across the county. Zip code 79098 has the highest median home price at $57,400.
Property Tax Assessment Values Across Wildorado, Oldham County, Texas
Source: Ownwell
$57,400
$72,578
$87,755
Median Wildorado Market Value
$57,400
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 Wildorado, Oldham County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79098 | $3,454 | $14,790 | $57,400 | $103,820 | $196,044 |
Source: Ownwell
Property Tax Bills Across Wildorado, Oldham County, Texas
Median Wildorado Tax Bill
$944
Median Oldham County Tax Bill
$1,461
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Wildorado, Oldham County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79098 | $64 | $275 | $944 | $2,000 | $3,361 |
Source: Ownwell