Pandora, Texas Property Taxes
The median property tax rate in Pandora, TX is 1.75%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Pandora, the typical annual property tax bill reaches $200, which is significantly lower than the national median of $2,690. Property taxes in Pandora are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pandora'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 Pandora or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pandora, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Pandora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pandora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pandora 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 Pandora, Texas
Property taxes in Pandora, Texas, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Pandora is 1.75%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Pandora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pandora 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 Pandora's effective property tax rate to other counties in Texas and the national median. For comparison, the 78143 zip code has the highest median property tax rate of 1.75%, while the same zip code also has the lowest median tax rate of 1.75%. Understanding how these cities compare with Pandora provides valuable insights into the varying tax landscape across Wilson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pandora Tax Rate
1.75%
Average Wilson County Tax Rate
1.61%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pandora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78143 | 1.18% | 1.42% | 1.75% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Pandora, Texas
In Pandora, 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 Wilson 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 Pandora, 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. The median home price in Pandora is $11,605, with annual tax bills ranging significantly across different percentiles. For instance, the 25th percentile tax bill is about $62, while the 75th percentile reaches $605, and the 90th percentile soars to $1,371. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Knowing these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pandora Assessed Value
$11,605
Average Wilson County Assessed Value
$215,505
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pandora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78143 | $1,430 | $4,012 | $11,605 | $37,702 | $99,672 |
Source: Ownwell
Property Tax Bills Across Pandora, Texas
In Pandora, Wilson County, 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 represents the market value of the property. The local tax rate is then applied to this value to calculate the tax bill. For instance, with a median home price of $11,605, homeowners in Pandora can expect varying tax bills. At the 25th percentile, the tax bill is around $62, while at the 75th percentile, it rises to $605, and at the 90th percentile, it can reach up to $1,371. These figures highlight the range of property tax burdens faced by homeowners, influenced by factors such as property value and local tax rates. Comparatively, with the national median property tax rate at 0.99%, Pandora’s property tax bills can be seen as relatively moderate, though they still significantly impact household budgets.
Average Pandora Tax Bill
$200
Average Wilson County Tax Bill
$3,078
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pandora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78143 | $26 | $62 | $200 | $605 | $1,371 |
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 | |
|---|---|
| Wilson Appraisal District | |
| Website | propaccess.trueautomation.com |