Palestine, Texas Property Taxes
The median property tax rate in Palestine, TX is 1.62%, which is significantly higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With a median home value of $116,856, the typical annual property tax bill in Palestine reaches $1,925, falling below the national median of $2,690. Property taxes in Palestine are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Palestine's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Palestine or another part of Anderson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Palestine, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$1,893
$1,752
Ownwell’s Palestine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Palestine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Palestine 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 Palestine, Texas
Property taxes in Palestine, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Palestine is 1.62%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Palestine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Palestine 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 Palestine's effective property tax rate to other counties in Texas and the national median. For comparison, the 75802 zip code has the highest median property tax rate of 2.21%, while the 75803 zip code has the lowest median tax rate of 1.56%. Understanding how these cities compare with Palestine provides valuable insights into the varying tax landscape across Anderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Palestine Tax Rate
1.62%
Average Anderson County Tax Rate
1.48%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Palestine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75801 | 1.03% | 1.32% | 1.67% | 2.21% | 2.21% |
| 75802 | 1.48% | 1.65% | 2.21% | 2.21% | 2.21% |
| 75803 | 0.70% | 1.16% | 1.56% | 1.85% | 2.21% |
| 75882 | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Palestine, Texas
In Palestine, 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 Anderson 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 Palestine, 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 instance, the median home price in Palestine is $116,856, with tax bills ranging from $854 at the 25th percentile to $4,564 at the 90th percentile. The highest median tax bill is $1,932 in zip code 75801, while the lowest is $962 in zip code 75882. 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 Palestine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Palestine Assessed Value
$116,856
Average Anderson County Assessed Value
$116,310
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Palestine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75801 | $24,740 | $58,285 | $113,371 | $202,227 | $323,026 |
| 75802 | $4,532 | $15,360 | $48,535 | $110,380 | $163,051 |
| 75803 | $16,562 | $51,919 | $121,187 | $217,359 | $399,935 |
| 75882 | $58,411 | $58,411 | $58,411 | $58,411 | $58,411 |
Source: Ownwell
Property Tax Bills Across Palestine, Texas
In Palestine, Anderson County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local appraisal district and reflects the market value of the property. Homeowners in Palestine can expect their tax bills to vary significantly. For instance, the median home price in the area is $116,856, with tax bills ranging from the 25th percentile at $854 to the 90th percentile at $4,564. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For example, the highest median tax bill in the region is $1,932 in zip code 75801, while the lowest median tax bill is $962 in zip code 75882. Compared to the national median property tax rate of 0.99%, Palestine's tax rates can be relatively high or low depending on these factors. This variability in tax bills can significantly impact homeowners, affecting their annual budget and the overall cost of owning property in the area.
Average Palestine Tax Bill
$1,925
Average Anderson County Tax Bill
$1,775
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Palestine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75801 | $342 | $965 | $1,932 | $3,119 | $4,541 |
| 75802 | $105 | $340 | $1,075 | $1,972 | $2,567 |
| 75803 | $199 | $733 | $1,923 | $3,104 | $4,604 |
| 75882 | $962 | $962 | $962 | $962 | $962 |
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 | |
|---|---|
| Anderson Appraisal District | |
| Website | search.andersoncad.net |