Colorado City, Mitchell County, Texas Property Taxes

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

Median Colorado City, TX effective property tax rate: 1.90%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Colorado City, TX home value: $57,363
Median annual Colorado City, TX tax bill: $1,114, $1,286 lower than the national median property tax bill of $2,400.

How are property taxes in Mitchell County calculated?

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

Last Updated March 1, 2025

Colorado City, Mitchell County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.99%

Estimate Property Tax Bill

$1,288

$1,195

Ownwell’s COLORADO CITY Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in COLORADO CITY with just two data points. By entering your property's estimated assessed value, our calculator applies COLORADO CITY’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 Mitchell County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Colorado City, Mitchell County, Texas

Local government entities set tax rates, which can vary widely within a state. This variability is because each county estimates its required budget to provide services annually 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 Colorado City's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Texas has a median property tax rate of 1.90%, which is significantly higher than the national median of 1.02%. Colorado City in Mitchell County reflects this trend, with its property tax rate aligning with the state's median. Understanding these rates can help property owners make informed decisions about their tax appeals and exemptions. With property taxes being a significant expense for homeowners, knowing where your city stands compared to state and national rates is essential.

Property Tax Rates Across Colorado City, Mitchell County, Texas

Source: Ownwell

1.65%

2.07%

2.50%

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 Colorado City Tax Rate

1.99%

Median Effective Mitchell County Tax Rate

1.98%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Colorado City, Mitchell County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79512	1.42%	1.52%	1.99%	2.38%	2.54%

Source: Ownwell

Property Tax Assessment Values Across Colorado City, Mitchell County, Texas

When examining property taxes in Colorado City, 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 Mitchell 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 Mitchell 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 Colorado City.

For example, the median home price in Colorado City is $57,363, with tax bills ranging significantly across the county. Zip code 79512 has the highest median home price at $57,363.

Property Tax Assessment Values Across Colorado City, Mitchell County, Texas

Source: Ownwell

$55,816

$60,273

$64,730

Median Colorado City Market Value

$64,730

Median Mitchell County Market Value

$63,433

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Colorado City, Mitchell County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79512	$16,729	$37,480	$64,730	$111,252	$190,556

Source: Ownwell

Property Tax Bills Across Colorado City, Mitchell County, Texas

In Colorado City, located in Mitchell County, TX, property tax bills are calculated based on the assessed value of a home. With a median home price of $57,363, the tax bills vary significantly across different percentiles. For instance, the 25th percentile tax bill is $591, while it climbs to $1,894 at the 75th percentile, and reaches $3,268 at the 90th percentile. These figures reflect the local property tax rate and the assessed value, which together determine the final tax bill. Homeowners in this region face tax bills that can fluctuate widely, impacting their annual financial planning.

Ownwell offers a solution to mitigate these costs by providing property tax appeal and exemption services. By working to lower the assessed value of a property or securing exemptions, Ownwell helps homeowners reduce their tax liabilities. This service can be especially beneficial in Mitchell County, where the median tax bill is $1,114, allowing homeowners to potentially save a significant amount annually compared to the national median property tax bill of $2,400.

Property Tax Bills Across Colorado City, Mitchell County, Texas

Source: Ownwell

$840

$1,051

$1,262

Median Colorado City Tax Bill

$1,262

Median Mitchell County Tax Bill

$1,246

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Colorado City, Mitchell County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79512	$309	$710	$1,262	$2,140	$3,677

Source: Ownwell

Don't miss the deadline to protest!

Dates
Appeal Deadline	May 15

Links
Mitchell Appraisal District
Website	esearch.mitchellcad.org