Marshall, Texas Property Taxes
The median property tax rate in Marshall, TX is 1.37%, 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 Marshall at $63,630, the typical annual property tax bill reaches $922, which is below the national median of $2,690. Property taxes in Marshall 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 Marshall'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 Marshall 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
Marshall, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$872
$807
Ownwell’s Marshall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marshall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marshall 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 Marshall, Texas
Property taxes in Marshall, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marshall is 1.37%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Marshall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marshall 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 Marshall's effective property tax rate to other counties in Texas and the national median. For comparison, the 75670 zip code has the highest median property tax rate of 1.81%, while the 75642 zip code has the lowest median tax rate of 1.03%. Understanding how these cities compare with Marshall 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 Marshall Tax Rate
1.37%
Average Harrison County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marshall, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75642 | 0.46% | 0.83% | 1.03% | 1.20% | 1.51% |
| 75650 | 1.32% | 1.32% | 1.32% | 1.32% | 1.32% |
| 75651 | N/A | N/A | N/A | N/A | N/A |
| 75657 | N/A | N/A | N/A | N/A | N/A |
| 75661 | 1.32% | 1.32% | 1.34% | 1.34% | 1.34% |
| 75670 | 1.22% | 1.32% | 1.81% | 1.81% | 1.81% |
| 75671 | 0.16% | 1.32% | 1.32% | 1.33% | 1.34% |
| 75672 | 1.03% | 1.32% | 1.34% | 1.81% | 1.81% |
| 75692 | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
| 75694 | 0.13% | 0.14% | 0.17% | 0.75% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Marshall, Texas
In Marshall, 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 Marshall, 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 highest median tax bill in the area is $1,477 in the 75672 zip code, while the lowest is $104 in the 75694 zip code. 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 Marshall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marshall Assessed Value
$63,630
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 Marshall, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75642 | $17,608 | $21,550 | $29,055 | $73,945 | $145,180 |
| 75650 | $3,630 | $8,612 | $21,000 | $52,430 | $139,356 |
| 75651 | N/A | N/A | N/A | N/A | N/A |
| 75657 | N/A | N/A | N/A | N/A | N/A |
| 75661 | $27,815 | $33,358 | $54,830 | $80,718 | $141,253 |
| 75670 | $7,162 | $21,882 | $46,955 | $94,335 | $172,660 |
| 75671 | $3,158 | $13,350 | $43,800 | $122,750 | $165,066 |
| 75672 | $12,232 | $38,330 | $100,745 | $187,332 | $293,172 |
| 75692 | $8,620 | $8,620 | $35,585 | $65,790 | $77,966 |
| 75694 | $24,456 | $30,135 | $39,600 | $49,605 | $55,608 |
Source: Ownwell
Property Tax Bills Across Marshall, Texas
In Marshall, Harrison County, TX, property tax bills are determined based on the assessed value of a property, which is typically lower than its market value. The local tax rate, which is applied to the assessed value, plays a crucial role in calculating the final tax bill. For instance, the median home price in Marshall is $63,630. Homeowners in Marshall can expect varying tax bills, with the 25th percentile paying around $333 and the 75th percentile facing a bill of approximately $2,045. For those in the 90th percentile, tax bills can reach up to $3,522. The highest median tax bill in the area is $1,477 in the 75672 zip code, while the lowest is $104 in the 75694 zip code. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Marshall Tax Bill
$922
Average Harrison County Tax Bill
$887
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshall, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75642 | $248 | $253 | $305 | $366 | $386 |
| 75650 | $48 | $114 | $278 | $484 | $1,762 |
| 75651 | N/A | N/A | N/A | N/A | N/A |
| 75657 | N/A | N/A | N/A | N/A | N/A |
| 75661 | $369 | $443 | $730 | $1,085 | $1,898 |
| 75670 | $92 | $318 | $736 | $1,433 | $2,420 |
| 75671 | $42 | $138 | $356 | $772 | $1,655 |
| 75672 | $131 | $462 | $1,477 | $2,792 | $4,262 |
| 75692 | $116 | $116 | $300 | $650 | $908 |
| 75694 | $57 | $75 | $104 | $189 | $241 |
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 |