Entity 2021 Tax Rate Homestead Exemptions
(subject to application and verification of eligibility)

State Mandated

Optional

Regular

Over-65

Disability

Regular

Over-65

Disability

Counties
Mitchell County  0.471687 None None None None $12,000 None
Lateral Road  0.1000

  $3,000

None $3,000 None $12,000 None
Cities
City of Colorado  0.624264 None None None None None None
City of Loraine 0.660646 None None None Greater of: 10% or $5,000 Greater of: 10% or $5,000 Greater of: 10% or $5,000
City of Westbrook 0.273517 None None None Greater of: 10% or $5,000 Greater of: 10% or $5,000 Greater of: 10% or $5,000
Schools
Colorado Independent School District 1.4311 $25,000 $10,000 $10,000 None None None
Loraine Independent School District 1.3807 $25,000 $10,000 $10,000 None None None
Westbrook Independent School District 0.963400 $25,000 $10,000 $10,000 None None None
Forsan Independent School District 1.2434 $25,000 $10,000 $10,000 None None None
Ira Independent School District 1.6165 $25,000 $10,000 $10,000 None None None
Roscoe Independent School District 1.24579 $25,000 $10,000 $10,000 None None None
Special
Mitchell Co Hospital District 0.370833 None None None None None None
Lone Wolf Ground Water Cons. District 0.02628 None None None None None None