Odessa, Texas offers some of the lowest property tax rates in the country. Ad valorem (according to the value) property taxes are paid to the city, county, local school district, hospital district and junior college district. Following is the tax rate set by each taxing entity.
Property Taxes
| Tax Rate |
| City of Odessa |
$0.52275/100 percent |
| Ector County |
$0.35637/100 percent |
| Farm to Market |
$0.00000/100 percent |
| Independent School District |
$1.13200/100 percent |
| Junior College (if bond passes in Nov. rate will be .20150) |
$0.19478/100 percent |
| Hospital District |
$0.05208/100 percent |
| Utility District |
$0.09819/100 percent |
| (west Odessa outside city limits using city water) |
| Totaling |
$2.3561/100 percent |
Sales Taxes
| Retail Sales Tax Rate |
| City of Odessa |
1.00% |
| City-Economic Development |
0.25% |
| Hospital District/County |
0.75% |
| State of Texas |
6.25% |
| Total |
8.25% |