Tenaha, Texas Property Taxes
The median property tax rate in Tenaha, TX is 1.51%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Tenaha at $68,715, the typical annual property tax bill reaches $973, which is below the national median of $2,690. Property taxes in Tenaha are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Tenaha'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 Tenaha or another part of Panola County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tenaha, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$1,038
$960
Ownwell’s Tenaha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tenaha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tenaha to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Tenaha, Texas
Property taxes in Tenaha, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tenaha is 1.51%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Tenaha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tenaha 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 Tenaha's effective property tax rate to other counties in Texas and the national median. For comparison, the 75974 zip code has the highest median property tax rate of 1.51%, while the same zip code has the lowest median tax rate of 1.51%. Understanding how these cities compare with Tenaha provides valuable insights into the varying tax landscape across Panola County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tenaha Tax Rate
1.51%
Average Panola County Tax Rate
1.51%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tenaha, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75974 | 1.36% | 1.43% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Tenaha, Texas
In Tenaha, 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 Panola 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 Tenaha, 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. 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 Tenaha helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Tenaha is $68,715. The 25th percentile tax bill is $439, while the 75th percentile tax bill is $1,924. The 90th percentile tax bill is $3,159. Interestingly, the zip code 75974 has both the highest and lowest median tax bills at $973.
Average Tenaha Assessed Value
$68,715
Average Panola County Assessed Value
$71,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tenaha, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75974 | $12,446 | $30,112 | $68,715 | $128,625 | $209,682 |
Source: Ownwell
Property Tax Bills Across Tenaha, Texas
In Tenaha, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and is intended to reflect the market value of the property. Homeowners in Tenaha can expect their property tax bills to vary significantly, with the 25th percentile at around $439 and the 75th percentile reaching $1,924. For those at the 90th percentile, tax bills can be as high as $3,159. The local tax rate in Tenaha is influenced by various factors, including the funding needs for public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Tenaha's rates can be considered moderate. Homeowners need to be aware of these factors as they directly impact the annual cost of owning property. High property taxes can affect affordability, while lower taxes can make homeownership more accessible.
Average Tenaha Tax Bill
$973
Average Panola County Tax Bill
$1,139
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Tenaha, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75974 | $188 | $439 | $973 | $1,924 | $3,159 |
Source: Ownwell