Diana, Texas Property Taxes
The median property tax rate in Diana, TX is 0.93%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With a median home value of $197,435 in Diana, the typical annual property tax bill amounts to $1,621, which is notably less than the national median of $2,690. Property taxes in Diana are determined based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Diana's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve considerable annual savings. Whether you're residing in Diana or investing in the area, gaining insight into the local property tax system will be highly beneficial.
Last Updated June 14, 2024
Diana, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,836
$1,699
Ownwell’s Diana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Diana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Diana 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 Diana, Texas
Property taxes in Diana, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Diana is 0.93%, slightly below 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 75640 zip code has both the highest and lowest median property tax rate of 0.93%. Understanding how these cities compare with Diana provides valuable insights into the varying tax landscape across Upshur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Diana Tax Rate
0.93%
Average Upshur County Tax Rate
0.94%
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% | 0.56% | 0.93% | 1.24% | 1.57% |
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 Upshur 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. For instance, the median home price in Diana is $197,435, with tax bills ranging from $632 at the 25th percentile to $4,825 at the 90th percentile. The highest and lowest median tax bills are both $1,621 in the 75640 zip code. 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 Diana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Diana Assessed Value
$197,435
Average Upshur County Assessed Value
$157,270
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 | $40,619 | $103,780 | $197,435 | $331,510 | $440,098 |
Source: Ownwell
Property Tax Bills Across Diana, Texas
In Diana, located in Upshur County, TX, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by local assessors and reflects the market value of the property. Several factors influence this value, including the property's location, size, and condition. Once the assessed value is established, the tax rate set by local taxing authorities is applied. In Diana, the tax rate contributes to various public services such as schools, infrastructure, and emergency services. Homeowners in Diana experience a range of tax bills. For example, the 25th percentile tax bill is around $632, while the 75th percentile tax bill reaches $3,196. At the 90th percentile, homeowners can see tax bills as high as $4,825. Comparatively, the median home price in Diana is $197,435, which influences the overall tax bill. Understanding how these factors interplay helps homeowners anticipate their property tax obligations and plan accordingly.
Average Diana Tax Bill
$1,621
Average Upshur County Tax Bill
$1,214
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 | $204 | $632 | $1,621 | $3,196 | $4,825 |
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 | |
|---|---|
| Upshur Appraisal District | |
| Website | esearch.upshur-cad.org |