Panola County, Texas Property Taxes
Median Panola County effective property tax rate: 1.51%, significantly higher than the national median of 1.02%.
Median Panola County home value: $71,020
Median annual Panola County tax bill: $1,139, $1,261 lower than the national median property tax bill of $2,400.
How are property taxes in Panola County calculated?
Property taxes in Panola County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Carthage or another part of Panola County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Panola County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.51%
Estimate Property Tax Bill
$1,072
$995
Property Tax Rates Across Panola County, Texas
Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
Panola County's effective property tax rate stands at 1.51%, which is notably higher than the national median property tax rate of 1.02%. Within Texas, Panola County's rate is between the highest rate of 1.76% in Gary and the lowest rate of 1.30% in Waskom. This comparison highlights the significant variation in property tax rates within a single state. Property owners in Panola County face a relatively higher tax burden compared to the national median, emphasizing the importance of understanding local tax dynamics and exploring potential avenues for property tax appeals or exemptions.
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 Panola County Tax Rate
1.51%
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 Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Panola County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beckville | 1.39% | 1.48% | 1.50% | 1.80% | 1.91% |
| Carthage | 1.43% | 1.50% | 1.51% | 2.07% | 2.08% |
| Clayton | N/A | N/A | N/A | N/A | N/A |
| De Berry | 1.22% | 1.30% | 1.32% | 1.49% | 1.51% |
| Gary | 1.51% | 1.64% | 1.76% | 1.76% | 1.76% |
| Henderson | 1.42% | 1.48% | 1.50% | 1.50% | 1.50% |
| Joaquin | 1.38% | 1.47% | 1.66% | 1.66% | 1.66% |
| Long Branch | 1.35% | 1.46% | 1.51% | 1.51% | 1.51% |
| Marshall | 1.23% | 1.28% | 1.30% | 1.32% | 1.32% |
| Panola | N/A | N/A | N/A | N/A | N/A |
| Tatum | 1.49% | 1.53% | 1.62% | 1.74% | 1.74% |
| Tenaha | 1.36% | 1.43% | 1.51% | 1.51% | 1.51% |
| Timpson | 1.46% | 1.51% | 1.51% | 1.76% | 1.76% |
| Waskom | 1.20% | 1.25% | 1.30% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Panola County, Texas
When examining property taxes in Panola County, 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 Panola 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.
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 Panola County.
For example, the median tax bill in Panola County is $1,796, with tax bills ranging significantly across the county. Marshall has the highest median home price at $139,775.
Median Panola County Market Value
$71,020
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Panola County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beckville | $9,525 | $26,555 | $70,505 | $144,570 | $248,827 |
| Carthage | $12,281 | $33,142 | $79,040 | $152,810 | $228,932 |
| Clayton | N/A | N/A | N/A | N/A | N/A |
| De Berry | $8,970 | $23,868 | $52,855 | $111,248 | $206,325 |
| Gary | $9,926 | $26,975 | $59,560 | $119,615 | $195,295 |
| Henderson | $19,512 | $26,290 | $64,280 | $119,440 | $291,122 |
| Joaquin | $7,820 | $25,888 | $50,925 | $82,502 | $195,465 |
| Long Branch | $11,538 | $26,695 | $67,650 | $139,340 | $228,586 |
| Marshall | $37,744 | $54,838 | $139,775 | $190,095 | $210,104 |
| Panola | N/A | N/A | N/A | N/A | N/A |
| Tatum | $7,463 | $29,618 | $64,515 | $141,590 | $214,441 |
| Tenaha | $12,446 | $30,112 | $68,715 | $128,625 | $209,682 |
| Timpson | $18,839 | $39,258 | $86,350 | $175,195 | $277,846 |
| Waskom | $13,460 | $30,370 | $94,595 | $156,165 | $184,985 |
Source: Ownwell
Property Tax Bills Across Panola County, Texas
Median Panola County Tax Bill
$1,139
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Panola County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beckville | $149 | $404 | $1,107 | $2,200 | $3,592 |
| Carthage | $199 | $530 | $1,386 | $2,590 | $3,902 |
| Clayton | N/A | N/A | N/A | N/A | N/A |
| De Berry | $118 | $327 | $704 | $1,521 | $2,729 |
| Gary | $169 | $447 | $993 | $1,994 | $3,357 |
| Henderson | $283 | $394 | $964 | $1,791 | $4,326 |
| Joaquin | $130 | $401 | $760 | $1,329 | $3,064 |
| Long Branch | $170 | $395 | $982 | $2,085 | $3,452 |
| Marshall | $497 | $697 | $1,796 | $2,488 | $2,757 |
| Panola | N/A | N/A | N/A | N/A | N/A |
| Tatum | $113 | $511 | $1,045 | $2,258 | $3,407 |
| Tenaha | $188 | $439 | $973 | $1,924 | $3,159 |
| Timpson | $285 | $586 | $1,339 | $3,049 | $4,253 |
| Waskom | $162 | $376 | $1,230 | $2,008 | $2,416 |
Source: Ownwell