De Berry, Texas Property Taxes
The median property tax rate in De Berry, TX is 1.32%, 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 $52,855, the typical annual property tax bill in De Berry amounts to $704, which is significantly below the national median of $2,690. Property taxes in De Berry are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding De Berry'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 De Berry or another part of Panola County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
De Berry, 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 De Berry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in De Berry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in De Berry 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 De Berry, Texas
Property taxes in De Berry, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Berry is 1.32%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within De Berry set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Berry 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 De Berry's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 75639 has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with De Berry provides valuable insights into the varying tax landscape across Panola County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Berry Tax Rate
1.32%
Average Panola County Tax Rate
1.51%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Berry, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75639 | 1.22% | 1.30% | 1.32% | 1.49% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across De Berry, Texas
In De Berry, 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 Panola 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 De Berry, 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. The median home price in De Berry is $52,855, with the tax bill at the 25th percentile being $327 and at the 75th percentile being $1,521. 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 De Berry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average De Berry Assessed Value
$52,855
Average Panola County Assessed Value
$71,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Berry, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75639 | $8,970 | $23,868 | $52,855 | $111,248 | $206,325 |
Source: Ownwell
Property Tax Bills Across De Berry, Texas
In De Berry, TX, property tax bills are calculated based on the assessed value of a homeowner's property and the local tax rate. The assessed value is determined by the Panola County Appraisal District, which evaluates properties annually to reflect their current market value. Factors such as property size, location, and any improvements made can influence this assessed value. Once the assessed value is established, it is multiplied by the local tax rate to determine the tax bill. For instance, the median home price in De Berry is $52,855, and homeowners can expect tax bills ranging from $327 at the 25th percentile to $2,729 at the 90th percentile. The median property tax bill in the area is $704, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, emergency services, and infrastructure. For homeowners, understanding these factors and how they contribute to their overall tax burden is crucial for financial planning and property management.
Average De Berry Tax Bill
$704
Average Panola County Tax Bill
$1,139
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across De Berry, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75639 | $118 | $327 | $704 | $1,521 | $2,729 |
Source: Ownwell