Average Tax Assessment in Colorado County
Real Estate Values and Property Tax Valuation in Colorado County, Texas
Colorado County has a total of 9,506 properties with a cumulative value of $1.4B. This represents 0.07% of all real estate value in Texas. Property taxes in Colorado County totaled $17.9M, with an average of $1,951 paid by homeowners, which is lower than the state average of $4,015. The average property tax rate in Colorado County is 1.26%, which is lower than the state average of 1.69%. Properties are typically valued for tax purposes based on their market value.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Colorado Clerk | (979) 732-2155 |
| TexasFile Clerk Records | - |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Colorado County
Residential Property Taxes by Cities in Colorado County
Colorado County has an average property tax rate of 1.26%, which is slightly lower than the state average of 1.29%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Colorado County are collected by the county government and are used to fund public services such as schools, roads, and public safety.
Property tax rates in Colorado County vary across cities, with Eagle Lake having the highest effective property tax rate of 1.79%, and Cat Spring having the lowest effective property tax rate of 1.08%. The difference in rates is due to the different assessed values of properties in each city. Property owners in Eagle Lake pay more in taxes than those in Cat Spring, but the taxes collected in both cities are used to fund the same public services.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Colorado County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alleyton | $22,472 | $56,405 | $139,390 | $300,015 | $428,516 |
| Cat Spring | $47,936 | $99,840 | $192,960 | $319,735 | $471,552 |
| Columbus | $34,952 | $73,895 | $140,345 | $223,920 | $329,065 |
| Eagle Lake | $9,388 | $23,832 | $49,775 | $100,438 | $177,338 |
| Garwood | $10,685 | $28,090 | $75,515 | $155,722 | $264,775 |
| New Ulm | $58,071 | $103,505 | $193,490 | $295,370 | $429,240 |
| Sheridan | $6,960 | $21,702 | $56,790 | $119,018 | $199,727 |
| Weimar | $24,750 | $59,530 | $115,240 | $204,280 | $322,196 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Colorado County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alleyton | $192 | $517 | $1,432 | $3,646 | $5,423 |
| Cat Spring | $338 | $906 | $2,066 | $3,773 | $5,477 |
| Columbus | $357 | $850 | $1,812 | $3,137 | $4,599 |
| Eagle Lake | $156 | $368 | $947 | $1,853 | $3,225 |
| Garwood | $140 | $345 | $999 | $2,084 | $3,797 |
| New Ulm | $424 | $1,007 | $2,123 | $3,910 | $6,039 |
| Sheridan | $95 | $209 | $671 | $1,512 | $2,711 |
| Weimar | $259 | $656 | $1,518 | $2,780 | $4,283 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alleyton | 0.85% | 0.92% | 1.03% | 1.22% | 1.27% |
| Cat Spring | 0.71% | 0.91% | 1.07% | 1.18% | 1.16% |
| Columbus | 1.02% | 1.15% | 1.29% | 1.40% | 1.40% |
| Eagle Lake | 1.66% | 1.54% | 1.90% | 1.84% | 1.82% |
| Garwood | 1.31% | 1.23% | 1.32% | 1.34% | 1.43% |
| New Ulm | 0.73% | 0.97% | 1.10% | 1.32% | 1.41% |
| Sheridan | 1.36% | 0.96% | 1.18% | 1.27% | 1.36% |
| Weimar | 1.05% | 1.10% | 1.32% | 1.36% | 1.33% |
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Real Estate Values in Colorado County
The median home price in Colorado County has increased by 20.00% from October 2022 to October 2023, from $175.0K to $210.0K. At the same time, the home inventory in Colorado County has decreased from 83 in October 2022 to 58 in October 2023. This suggests that the demand for homes in Colorado County is increasing, leading to an increase in home prices.
Average Home Value in Colorado County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Colorado County
Last updated: November 2023
Percent Change in New Home Listings in Colorado County
Last updated: November 2023
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Mortgage Rates in Colorado County
Colorado County has a total of $236.8M in outstanding home mortgage loans, representing 1.6K loans. This amount is equivalent to approximately 6.5% of the total home value in the county. The median mortgage rate in Colorado County varies significantly across cities, with Eagle Lake having the highest rate at 4.4%, and Cat Spring having the lowest rate at 3.99%. This variation in rates can be attributed to the different economic and housing conditions in each city.
Overall, the mortgage market in Colorado County is healthy, with a large amount of outstanding loans and a wide range of rates. This provides potential home buyers with a variety of options when it comes to financing their home purchase. With careful research and comparison of rates, buyers can find the best deal for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Colorado County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alleyton | $17,209 | $48,206 | $100,947 | $187,323 | $287,092 |
| Cat Spring | $31,228 | $56,236 | $164,502 | $270,368 | $483,652 |
| Columbus | $34,339 | $66,963 | $124,703 | $194,663 | $283,656 |
| Eagle Lake | $20,716 | $39,743 | $75,669 | $136,068 | $212,134 |
| Garwood | $26,301 | $46,143 | $77,318 | $187,156 | $267,066 |
| New Ulm | $33,786 | $66,316 | $128,921 | $218,002 | $309,807 |
| Sheridan | $27,869 | $51,755 | $93,636 | $147,014 | $210,890 |
| Weimar | $24,434 | $48,506 | $95,991 | $164,564 | $261,964 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Colorado County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alleyton | 3.20% | 3.73% | 4.24% | 5.68% | 6.21% |
| Cat Spring | 3.05% | 3.62% | 3.99% | 4.61% | 6.15% |
| Columbus | 2.90% | 3.60% | 4.10% | 4.78% | 6.09% |
| Eagle Lake | 3.10% | 3.78% | 4.40% | 5.25% | 6.19% |
| Garwood | 3.32% | 3.70% | 4.18% | 4.88% | 6.14% |
| New Ulm | 3.10% | 3.65% | 4.13% | 4.91% | 6.21% |
| Sheridan | 2.94% | 3.60% | 4.30% | 4.88% | 6.19% |
| Weimar | 3.10% | 3.60% | 4.11% | 4.90% | 6.11% |
Housing Expenses in Colorado County, Texas
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