Henderson, Panola County, Texas Property Taxes
Median Henderson, TX effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Henderson, TX home value: $64,280
Median annual Henderson, TX tax bill: $964, $1,436 lower than the national median property tax bill of $2,400.
How are property taxes in Panola calculated?
Property taxes in Henderson, 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 Henderson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Henderson, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Henderson, Panola County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.5%
Estimate Property Tax Bill
$964
$895
Property Tax Rates Across Henderson, Panola County, Texas
Local government entities are responsible for setting tax rates, leading to significant variations within a state. This happens because each county annually estimates its required budget for services and divides this amount by the total value of all taxable property in its area. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Henderson, located in Panola County, Texas, the effective property tax rate is 1.50%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Henderson's rate to other cities in Texas, it stands out as one of the highest, with the same rate of 1.50% being the highest in the state. This highlights the importance of understanding local tax rates and their impact on property owners. For those looking to manage their property taxes effectively, it is crucial to stay informed about these rates and consider appealing if necessary.
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 Henderson Tax Rate
1.50%
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%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Henderson, Panola County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75652 | 1.42% | 1.48% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Henderson, Panola County, Texas
When examining property taxes in Henderson, Texas, 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.
In Panola County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Henderson. For example, the median home price in Henderson is $64,280, with tax bills ranging significantly across the county. Zip code 75652 has the highest median home price at $64,280.
Property Tax Assessment Values Across Henderson, Panola County, Texas
Source: Ownwell
$50,925
$95,350
$139,775
Median Henderson Market Value
$64,280
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 Henderson, Panola County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75652 | $19,512 | $26,290 | $64,280 | $119,440 | $291,122 |
Source: Ownwell
Property Tax Bills Across Henderson, Panola County, Texas
Median Henderson Tax Bill
$964
Median Panola County Tax Bill
$1,139
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Henderson, Panola County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75652 | $283 | $394 | $964 | $1,791 | $4,326 |
Source: Ownwell