Paris, Texas Property Taxes
The median property tax rate in Paris, TX is 1.16%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $116,460 in Paris, the typical annual property tax bill is around $1,200, which is below the national median of $2,690. Property taxes in Paris are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Paris's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Paris or another part of Lamar County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Paris, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$1,351
$1,250
Ownwell’s Paris Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Paris with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Paris to provide an accurate estimate of your property tax bill. This tool is designed to help you understand your potential tax liabilities better. For those interested in more detailed insights, scroll down to explore trends at the neighborhood level. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring that the estimate reflects your specific situation accurately.
Property Tax Rates Across Paris, Texas
Property taxes in Paris, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paris is 1.16%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Paris set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paris estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Paris's effective property tax rate to other counties in Texas and the national median. For comparison, the 75460 zip code has the highest median property tax rate of 1.18%, while the 75462 zip code has the lowest median tax rate of 1.10%. Understanding how these cities compare with Paris provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Paris Tax Rate
1.16%
Average Lamar County Tax Rate
1.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Paris, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75460 | 0.31% | 0.69% | 1.18% | 1.71% | 2.11% |
| 75462 | 0.49% | 0.77% | 1.10% | 1.42% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Paris, Texas
In Paris, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Lamar County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Paris, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, the median home price in Paris is $116,460, with tax bills ranging from $579 at the 25th percentile to $3,567 at the 90th percentile. The highest median tax bill is $2,391 in zip code 75462, while the lowest median tax bill is $1,035 in zip code 75460. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Paris helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Paris Assessed Value
$116,460
Average Lamar County Assessed Value
$126,530
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Paris, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75460 | $26,750 | $59,390 | $98,610 | $151,580 | $212,000 |
| 75462 | $79,186 | $151,710 | $220,940 | $329,900 | $434,676 |
Source: Ownwell
Property Tax Bills Across Paris, Texas
In Paris, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Lamar County Appraisal District. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Paris, the median home price is $116,460. Property tax bills can vary significantly, with the 25th percentile at $579 and the 75th percentile reaching $2,219. At the 90th percentile, homeowners might see bills as high as $3,567. Several factors influence the tax bill, including property size, location, and market conditions. For instance, the highest median tax bill in the area is $2,391 in the 75462 zip code, while the lowest is $1,035 in the 75460 zip code. These variations can significantly impact homeowners' finances, making it crucial to understand how local assessments and tax rates affect their annual obligations. Compared to the national median property tax rate of 0.99%, Paris offers a diverse range of tax liabilities for its residents.
Average Paris Tax Bill
$1,200
Average Lamar County Tax Bill
$1,230
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Paris, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75460 | $169 | $489 | $1,035 | $1,805 | $2,765 |
| 75462 | $453 | $1,239 | $2,391 | $3,867 | $5,709 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Lamar Appraisal District | |
| Website | esearch.lamarcad.org |