Fayetteville, Colorado County, Texas Property Taxes

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Property Taxes in Fayetteville, Texas

Median Fayetteville, Texas effective property tax rate: 1.04%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.
Median Fayetteville, Texas home value: $214,105
Median annual Fayetteville, Texas tax bill: $1,999, $401 lower than the national median property tax bill of $2,400.

How are property taxes in Colorado calculated?

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

Last Updated April 13, 2026

Fayetteville, Colorado County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$2,227

$2,066

How Does the Fayetteville Property Tax Calculator Work?

Use this Fayetteville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Fayetteville's median effective tax rate of 1.04% — based on actual property records in Colorado 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 Fayetteville'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 Fayetteville: rates are 1.04% in 78940, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Fayetteville.

About Fayetteville Property Taxes

About Property Taxes in Fayetteville, Colorado, Texas

Fayetteville’s median effective property tax rate of 1.04% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Colorado County base levy combined with local school district levies and Municipal Utility Districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Fayetteville. Homeowners in the 78940 ZIP code carry a median effective rate of 1.04%, while those in the same ZIP also pay 1.04%. This reflects how school district boundaries and local assessment districts are drawn across Colorado County.

Fayetteville homeowners who believe their assessed value is too high can file a formal appeal with the local Appraisal District before the May 15, 2026 deadline each year.

If your estimated bill above 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 Fayetteville, Colorado 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 Fayetteville'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 Fayetteville, Colorado County, Texas

Source: Ownwell

0.71%

1.16%

1.61%

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 Fayetteville Tax Rate

1.04%

Median Effective Colorado County Tax Rate

1.21%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fayetteville, Colorado County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
78940	0.32%	0.86%	1.04%	1.19%	1.25%

Source: Ownwell

Property Tax Assessment Values Across Fayetteville, Colorado County, Texas

When examining property taxes in Fayetteville, 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 Colorado 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 Colorado 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 Fayetteville.

For example, the median home price in Fayetteville is $214,105, with tax bills ranging significantly across the county. 78940 has the highest median home price at $214,105.

Property Tax Assessment Values Across Fayetteville, Colorado County, Texas

Source: Ownwell

$47,640

$200,173

$352,705

Median Fayetteville Market Value

$214,105

Median Colorado County Market Value

$149,715

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fayetteville, Colorado County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
78940	$68,325	$120,565	$214,105	$363,068	$841,455

Source: Ownwell

Property Tax Bills Across Fayetteville, Colorado County, Texas

Property tax bills in Fayetteville are based on the assessed value of a home, not the market price alone. Local taxing authorities apply their tax rates to that assessed value to determine the annual bill. For homeowners, this means a higher assessment can lead to a larger tax bill even if the home has not been sold.

Several factors affect the final amount, including the home’s median home price of $214,105, the tax rate set by local jurisdictions, and any exemptions or adjustments that may apply. In Fayetteville, the 25th percentile tax bill is $914, while the 75th percentile tax bill is $3,285 and the 90th percentile tax bill is $4,898. The median tax bill in zip code 78940 is $1,999.

Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Fayetteville homeowners may see bills that vary widely depending on location and assessment.

Property Tax Bills Across Fayetteville, Colorado County, Texas

Source: Ownwell

$357

$2,097

$3,836

Median Fayetteville Tax Bill

$1,999

Median Colorado County Tax Bill

$1,717

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Fayetteville, Colorado County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
78940	$404	$914	$1,999	$3,285	$4,898

Source: Ownwell

Don't miss the deadline to protest!

Dates
Appeal Deadline	May 29
Tax Bill
Issued	October 1
Due Date #1	November 30
Due Date #2	June 30

Links
Colorado Appraisal District
Website	esearch.coloradocad.org

Frequently Asked Property Tax Questions in Fayetteville, Texas

How are property taxes calculated in Fayetteville, Texas?

Property taxes in Fayetteville, 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 Fayetteville, Texas?

To appeal your property taxes in Fayetteville, 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 Fayetteville, Texas?

Common property tax exemptions in Fayetteville, 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 Fayetteville, Texas?

Property tax deadlines in Fayetteville, 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 Fayetteville, Texas?

Ownwell provides professional property tax appeal services in Fayetteville, 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.