Marshall, Panola County, Texas Property Taxes
Median Marshall, TX effective property tax rate: 1.30%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Marshall, TX home value: $139,775
Median annual Marshall, TX tax bill: $1,796, $604 lower than the national median property tax bill of $2,400.
How are property taxes in Panola calculated?
Property taxes in Marshall, 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 Marshall’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Marshall, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Marshall, Panola County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.3%
Estimate Property Tax Bill
$1,817
$1,686
Property Tax Rates Across Marshall, Panola County, Texas
Local government entities are responsible for setting tax rates, which can significantly differ across regions. This variation is due to each county's annual process of estimating the budget required to provide essential services. The county then divides this budget by the total assessed value of all taxable properties within its borders, resulting in the property tax rate. Although the process involves votes and legal frameworks, this is the fundamental approach used each year.
In Marshall, situated in Harrison County, Texas, the effective property tax rate serves as an interesting point of comparison with other cities in Texas, as well as with the state and national medians. Texas has a median property tax rate that is notably higher than the national median of 1.02%. This reflects the broader trend in the state, where property tax rates are often used to fund local services. Understanding how Marshall's rates align with these benchmarks can provide valuable insights for property owners assessing their tax obligations. By analyzing these rates, property owners can better understand their financial responsibilities and explore potential avenues for appealing or reducing their property tax burdens.
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 Marshall Tax Rate
1.30%
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 Marshall, Panola County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75672 | 1.23% | 1.28% | 1.30% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Marshall, Panola County, Texas
When examining property taxes in Marshall, 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 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 Marshall.
For example, the median home price in Marshall is $139,775, with tax bills ranging significantly across the county. Zip code 75672 has the highest median home price at $139,775.
Property Tax Assessment Values Across Marshall, Panola County, Texas
Source: Ownwell
$50,925
$95,350
$139,775
Median Marshall Market Value
$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 Marshall, Panola County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75672 | $37,744 | $54,838 | $139,775 | $190,095 | $210,104 |
Source: Ownwell
Property Tax Bills Across Marshall, Panola County, Texas
Median Marshall Tax Bill
$1,796
Median Panola County Tax Bill
$1,139
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Marshall, Panola County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75672 | $497 | $697 | $1,796 | $2,488 | $2,757 |
Source: Ownwell