Diana, Texas Property Taxes
The median property tax rate in Diana, TX is 1.67%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Diana at $54,290, the typical annual property tax bill reaches $357, which is significantly lower than the national median of $2,690. Property taxes in Diana 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 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 the city, 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
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$527
$489
Ownwell’s Diana Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Diana. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Diana to provide a precise estimate of your property tax bill. This user-friendly tool offers a clear understanding of your potential tax liabilities, making it easier to plan your finances. For those interested in more detailed insights, we offer trends and localized information to help you make informed decisions. Remember, your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Diana, Texas
Property taxes in Diana, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Diana is 1.25%, which is higher than both the Texas state median of 1.18% 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 highest median property tax rate in the area is 1.25%, while the lowest median tax rate is also 1.25%. 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
0.97%
Average Marion County Tax Rate
0.88%
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 | 0.25% | 0.55% | 0.97% | 1.28% | 1.36% |
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 Marion 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. For instance, the highest median tax bill in the area is $357 in the 75640 zip code, while the lowest is also $357 in the same zip code. Being aware of these valuation processes in Diana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Diana Assessed Value
$54,290
Average Marion County Assessed Value
$74,260
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 | $16,288 | $27,240 | $54,290 | $103,485 | $147,512 |
Source: Ownwell
Property Tax Bills Across Diana, Texas
In Diana, a city in Marion 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, which evaluates the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $54,290, homeowners in Diana can expect varying tax bills. At the 25th percentile, the tax bill is around $169, while at the 75th percentile, it rises to approximately $720. The 90th percentile sees tax bills as high as $1,294. These figures illustrate the range of potential tax liabilities homeowners might face, depending on the assessed value of their property and the applicable local tax rates. This variation in tax bills can significantly impact homeowners, influencing their monthly budgets and long-term financial planning. With the national median property tax rate at 0.99%, understanding local tax rates and assessments is crucial for homeowners in Diana.
Average Diana Tax Bill
$357
Average Marion County Tax Bill
$470
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 | $104 | $169 | $357 | $720 | $1,294 |
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 | |
|---|---|
| Marion Appraisal District | |
| Website | www.marioncad.org |