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.
Place essentials
Official Census snapshot- Census place type
- City
- July 2025 population
- 3,000
- Change from 2020 base
- +0.1%
- Land area
- 2 sq. mi.
- County footprint
- Young County
Place type, county footprint, and land area use the Census Bureau's January 1, 2025 geography. Population uses Vintage 2025 estimates through July 1, 2025; change compares that estimate with the April 1, 2020 estimates base. Geography file | Population file
Property here runs through the appraisal district and tax office for Young County. The homestead exemption, appraisal cap, protests, and any MUD, PID, or special districts all sit at the parcel level.
Official routes
Use the office for the parcel address; a mailing city is not always the governing city.
County context
What to know around Olney
County lines carry much of the property, land, water, and outdoors context around Olney.
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.
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.
Nearby
Places near Olney
Nearby counties
Local notes for nearby counties
Next steps for Olney
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