Olney, Texas
Olney is a city in Young County, in the rolling rangeland of North Texas well west of Fort Worth and northeast of Abilene. An oil boom in the 1920s made it a significant petroleum town for a time, and it later developed into an agribusiness and manufacturing center producing goods that have included recreational vehicles, apparel, and agricultural aircraft. The surrounding country is a mix of ranch land and oil-field terrain typical of the region.
Property here runs through the Young Central Appraisal District and the county tax office — the homestead exemption, the appraisal cap, protests, and any MUD, PID, or special districts all sit at the parcel level. The Young County notes below cover the practical details, with the official county directory for the appraisal district and tax office.
Young County notes
What to know around Olney
Property Tax
Two Offices Handle Your Property Tax in Young County
The appraisal district on 5th Street sets your home's value; the tax office two blocks over doesn't actually collect the bill.
Homestead Exemption
Homestead Exemption Lowers Your Tax Bill in Young County
Texas law requires school districts to give homeowners a $140,000 exemption on their main home, which can cut a significant portion of the taxable value.
History
Fort Belknap Was a Major Frontier Post in What Is Now Young County
Fort Belknap, founded in 1851 near today's Newcastle, was a key U.S. Army outpost on the Texas frontier and is now a museum and archives site.
Oil and Gas History
Oil Has Shaped Young County's Economy Since the 1920s
Young County struck oil in the 1920s, and production peaked in the 1950s, driving a population and economic boom that still shapes the county today.
Nearby
Places near Olney
Nearby counties
Local notes for nearby counties
Archer County
6 local notes · DFW / North Texas
Throckmorton County
6 local notes · West Texas / Permian / Trans-Pecos
Baylor County
6 local notes · DFW / North Texas
Jack County
4 local notes · DFW / North Texas
Wichita County
24 local notes · DFW / North Texas
Clay County
6 local notes · DFW / North Texas
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Model school and local rates, the homestead exemption, and the appraisal cap.
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