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The Colony, Denton County, Texas Property Taxes

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Property Taxes in The Colony, Texas

  • Median The Colony, Texas effective property tax rate: 1.91%, significantly higher than the national median of 1.02%, and higher than the Texas state median of 1.48%.

  • Median The Colony, Texas home value: $395,509

  • Median annual The Colony, Texas tax bill: $7,313, $4,913 higher than the national median property tax bill of $2,400.

How are property taxes in Denton calculated?

Property taxes in The Colony, Texas 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 April 13, 2026

The Colony, Denton County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.91%

Estimate Property Tax Bill

$7,554

$7,010

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the The Colony Property Tax Calculator Work?

Use this The Colony property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies The Colony's median effective tax rate of 1.91% — based on actual property records in Denton County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies The Colony's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within The Colony: rates range from 1.91% in 75056 to 1.91% in 75056, primarily due to differences in school district levies and local assessment districts.

If your estimate is higher than expected, Ownwell can appeal your The Colony assessment — you only pay if we save you money.

About The Colony Property Taxes

About Property Taxes in The Colony, Denton, Texas

The Colony’s median effective property tax rate of 1.91% is higher than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects Denton County taxes, local school district levies, and other local taxing units that shape the final bill homeowners receive.

Property tax rates are not uniform across The Colony. In the data provided, the highest and lowest median effective rate are both 1.91% in ZIP code 75056, showing no spread across the city in this dataset. That means the assessed value of your home still plays a major role in what you owe.

The median home price in The Colony is $395,509, and the median property tax bill is $7,313, which is $4,913 higher than the state median tax bill. Homeowners who believe their assessed value is too high can file a formal appeal with the Denton County Appraisal District before May 15, 2026.

If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across The Colony, Denton County, Texas

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare The Colony's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Property Tax Rates Across The Colony, Denton County, Texas

Source: Ownwell

0.19%

1.21%

2.22%

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

1.91%

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

1.73%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across The Colony, Denton County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
750561.63%1.73%1.91%1.94%1.94%

Source: Ownwell

Property Tax Assessment Values Across The Colony, Denton County, Texas

When examining property taxes in The Colony, 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 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.

Assessment notices:

In Denton County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of April.

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 $395,509, with tax bills ranging significantly across the county. 75056 has the highest median home price at $395,509.

Property Tax Assessment Values Across The Colony, Denton County, Texas

Source: Ownwell

$71,670

$745,400

$1,419,129

Median The Colony Market Value

$395,509

Median Denton County Market Value

$437,000

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across The Colony, Denton County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75056$269,000$310,267$395,509$587,034$780,000

Source: Ownwell

Property Tax Bills Across The Colony, Denton County, Texas

Property tax bills in The Colony are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value rises, the tax bill can rise too, which is why homeowners often see higher bills on homes with greater value. In Denton County, the median home price is $395,509, and the median tax bill is $7,313, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.

For many homeowners, that means a larger annual expense that can affect monthly budgets and long-term housing costs. Bills can vary widely, with the 25th percentile at $5,811 and the 75th percentile at $10,397.

Ownwell helps homeowners lower property tax bills by reviewing assessments, identifying opportunities for appeal, and pursuing exemptions that may reduce what you owe.

Property Tax Bills Across The Colony, Denton County, Texas

Source: Ownwell

$207

$7,978

$15,748

Median The Colony Tax Bill

$7,313

Median Denton County Tax Bill

$7,745

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across The Colony, Denton County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75056$5,013$5,811$7,313$10,397$14,009

Source: Ownwell

Don't miss the deadline to protest!

Frequently Asked Property Tax Questions in The Colony, Texas

How are property taxes calculated in The Colony, Texas?
Property taxes in The Colony, Texas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in The Colony, Texas?
To appeal your property taxes in The Colony, Texas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in The Colony, Texas?
Common property tax exemptions in The Colony, Texas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in The Colony, Texas?
Property tax deadlines in The Colony, Texas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in The Colony, Texas?
Ownwell provides professional property tax appeal services in The Colony, Texas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.