What's Happening in The Colonies
The Colonies is a southwest Amarillo neighborhood of upscale and custom homes, most built from the late 2000s to today, including new construction.
Homes are large, typically 4 bedrooms and often 3,000 square feet and up. Prices range from the low $400s to nearly $3 million.
What Did Homes in The Colonies Actually Sell For?
Texas is a non-disclosure state, so sold prices aren't published online. Request a free sold homes report for The Colonies, or find out what your home is worth.
Schools Serving The Colonies
The Colonies is part of Amarillo ISD. Schools serving the neighborhood include:
- Elementary: Sleepy Hollow Elementary
- Middle School: Bonham Middle School
- High School: Amarillo High School
Verify school attendance zones with Amarillo ISD for the specific property address.
Property Taxes in The Colonies
The 2026 combined property tax rate in The Colonies is approximately 1.95%. 2026 adopted rates per $100 of value:
- Amarillo ISD: 0.864400
- City of Amarillo: 0.430700
- Randall County: 0.400930
- Amarillo College: 0.246700
- High Plains Underground Water District: 0.002976
- Total: 1.945706 per $100 of value (approximately 1.95%)
Homes in The Colonies also pay the Colonies PID, a City of Amarillo Public Improvement District assessment billed on the same tax bill. For FY 2026-27 it is $0.15 per square foot of lot.
School tax applies to value after the $140,000 homestead exemption; non-homestead properties pay it on full value. HOA dues, if any, are separate and are not on the tax bill.
Tax rates and assessments are set each year by each taxing unit and can change. Figures are for the 2026 tax year, are provided for general information only, and are not guaranteed. Actual taxes depend on each property's appraised value, exemptions and location, and the taxing units can vary by parcel. Verify exact amounts with the Potter-Randall Appraisal District before buying.
For more about living in The Colonies, see the Colonies neighborhood guide.
Active Properties and Properties Under Contract below update every day. Tap any address for photos and details.