Tool, Henderson County, Texas Property Taxes

Name: Property Tax Bills Across Tool, Henderson County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median TOOL, TX effective property tax rate: 1.60%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median TOOL, TX home value: $189,322
Median annual TOOL, TX tax bill: $2,506, $106 higher than the national median property tax bill of $2,400.

How are property taxes in Henderson calculated?

Property taxes in TOOL, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding TOOL’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in TOOL, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Tool, Henderson County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.6%

Estimate Property Tax Bill

$3,029

$2,811

Ownwell’s TOOL Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in TOOL with just two data points.

By entering your property's estimated assessed value, our calculator applies TOOL’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Henderson.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Tool, Henderson County, Texas

Local government entities set tax rates, which can vary widely within a state. This variance is due to each county estimating its required budget annually to provide services, then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare TOOL’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. In TOOL, located in Henderson County, the property tax rate reflects the local budgetary needs and the total assessed property value. Texas has a median property tax rate of 1.60%, which is significantly higher than the national median of 1.02%. This makes Texas one of the states with higher property tax rates in the country. Understanding these rates is crucial for property owners in Texas, as it directly affects their annual tax bills. Engaging with property tax consultants can help ensure these tax bills are as accurate and fair as possible.

Property Tax Rates Across Tool, Henderson County, Texas

Source: Ownwell

0.68%

1.27%

1.85%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Tool Tax Rate

1.60%

Median Effective Henderson County Tax Rate

1.40%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tool, Henderson County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
75143	0.37%	0.83%	1.60%	2.47%	4.14%

Source: Ownwell

Property Tax Assessment Values Across Tool, Henderson County, Texas

When examining property taxes in TOOL, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Henderson County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Henderson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in TOOL. For example, the median home price in TOOL is $189,322, with tax bills ranging significantly across the county. ZIP code 75143 has the highest median home price at $189,322.

Property Tax Assessment Values Across Tool, Henderson County, Texas

Source: Ownwell

$66,336

$287,614

$508,891

Median Tool Market Value

$189,322

Median Henderson County Market Value

$139,776

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tool, Henderson County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
75143	$15,000	$72,736	$189,322	$395,145	$647,800

Source: Ownwell

Property Tax Bills Across Tool, Henderson County, Texas

In TOOL, homeowners' property tax bills are determined by multiplying the assessed value of their property by the local tax rate. The assessed value is typically a percentage of the property's market value, which can fluctuate based on real estate trends. Factors such as property size, location, and improvements can also impact the assessed value. In Henderson County, the median home price is $189,322, which influences the property tax bill. The tax bill can vary significantly, with the 25th percentile at $596 and the 90th percentile reaching $14,693. This variability highlights the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell assists homeowners by offering property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying. This service can lead to significant savings, providing financial relief and peace of mind for property owners in TOOL.

Property Tax Bills Across Tool, Henderson County, Texas

Source: Ownwell

$624

$5,363

$10,101

Median Tool Tax Bill

$2,506

Median Henderson County Tax Bill

$1,470

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Tool, Henderson County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
75143	$127	$596	$2,506	$7,203	$14,693

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
Henderson Appraisal District
Website	esearch.henderson-cad.org