Diana, Texas Property Taxes
The median property tax rate in Diana, TX is 1.18%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $117,480 in Diana, the typical annual property tax bill amounts to $1,186, below the national median of $2,690. Property taxes in Diana are based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Diana'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 Diana or another part of Harrison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Diana, 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 Diana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Diana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Diana 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 Diana, Texas
Property taxes in Diana, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Diana is 1.18%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Diana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Diana 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 Diana's effective property tax rate to other counties in Texas and the national median. For comparison, the 75640 zip code has the highest median property tax rate of 1.18%, while the 75640 zip code has the lowest median tax rate of 1.18%. Understanding how these cities compare with Diana provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Diana Tax Rate
1.18%
Average Harrison County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Diana, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75640 | 0.71% | 1.03% | 1.18% | 1.19% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Diana, Texas
In Diana, 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 Harrison 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 Diana, 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 Diana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 75640, with a value of $1,186.
Average Diana Assessed Value
$117,480
Average Harrison County Assessed Value
$72,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Diana, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75640 | $20,816 | $50,320 | $117,480 | $228,320 | $354,886 |
Source: Ownwell
Property Tax Bills Across Diana, Texas
In Diana, 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 reflects the market value of the property. This value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Diana can expect a wide range of tax bills. The 25th percentile tax bill is $419, while the 75th percentile reaches $2,525, and the 90th percentile is as high as $3,884. The highest median tax bill in the area is $1,186, which is significantly higher than the national median property tax rate of 0.99%. These tax bills can impact homeowners by affecting their monthly mortgage payments and overall housing affordability. The variability in tax bills highlights the importance of understanding local property tax regulations and their implications on homeownership in Diana.
Average Diana Tax Bill
$1,186
Average Harrison County Tax Bill
$887
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Diana, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75640 | $171 | $419 | $1,186 | $2,525 | $3,884 |
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 | |
|---|---|
| Harrison Appraisal District | |
| Website | iswdataclient.azurewebsites.net |