Sheridan, Colorado County, Texas Property Taxes
Property Taxes in Sheridan, Texas
Median Sheridan, Texas effective property tax rate: 1.19%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.
Median Sheridan, Texas home value: $94,270
Median annual Sheridan, Texas tax bill: $1,082, $1,318 lower than the national median property tax bill of $2,400.
How are property taxes in Colorado calculated?
Property taxes in Sheridan, 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 Sheridan's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sheridan, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Sheridan, Colorado County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.19%
Estimate Property Tax Bill
$1,122
$1,041
How Does the Sheridan Property Tax Calculator Work?
Use this Sheridan property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Sheridan's median effective tax rate of 1.19% — 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 Sheridan'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 Sheridan: rates range from 1.19% in 77475 to 1.19% in 77475, 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 Sheridan.
About Sheridan Property Taxes
About Property Taxes in Sheridan, Colorado, Texas
Sheridan's median effective property tax rate of 1.19% 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 Sheridan. Homeowners in the 77475 ZIP code carry a median effective rate of 1.19%, while those in 77475 pay 1.19%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Colorado County. Understanding which part of Sheridan you live in can make a meaningful difference to your annual tax bill.
Sheridan 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 Sheridan, 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 Sheridan's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
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 Sheridan Tax Rate
1.19%
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 County Tax Rate
1.21%
Median Effective Texas Tax Rate
1.48%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sheridan, Colorado County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77475 | 0.68% | 0.89% | 1.19% | 1.46% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Sheridan, Colorado County, Texas
When examining property taxes in Sheridan, 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 the month when notices are sent.
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 Sheridan.
For example, the median home price in Sheridan is $94,270, with tax bills ranging significantly across the county. 77475 has the highest median home price at $94,270.
Property Tax Assessment Values Across Sheridan, Colorado County, Texas
Source: Ownwell
$47,640
$200,173
$352,705
Median Sheridan Market Value
$94,270
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 Sheridan, Colorado County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77475 | $19,575 | $42,668 | $94,270 | $185,935 | $287,820 |
Source: Ownwell
Property Tax Bills Across Sheridan, Colorado County, Texas
Property tax bills in Sheridan are based on the assessed value of a home and the local tax rate applied to that value. When a property’s market value changes, the assessed value can change too, which may raise or lower the bill. Local taxing authorities use that assessment to determine how much a homeowner owes each year.
With a median home price of $94,270, property taxes can still vary widely from one homeowner to another. The 25th percentile tax bill is $383, while the 75th percentile is $2,254 and the 90th percentile reaches $3,634. That spread shows how much the tax bill depends on the home’s assessed value, location, and the taxing jurisdictions that apply.
For homeowners, this means property taxes can have a real impact on monthly housing costs and long-term affordability. In Sheridan, where the median tax bill in ZIP code 77475 is $1,082, even small changes in assessment can affect what a homeowner pays each year.
Median Sheridan Tax Bill
$1,082
Median Colorado County Tax Bill
$1,717
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Sheridan, Colorado County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77475 | $184 | $383 | $1,082 | $2,254 | $3,634 |
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 |