Mineola, Wood County, Texas Property Taxes

Name: Property Tax Bills Across Mineola, Wood County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Mineola, TX effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Mineola, TX home value: $181,845
Median annual Mineola, TX tax bill: $454, $1,946 lower than the national median property tax bill of $2,400.

How are property taxes in Wood County calculated?

Property taxes in Mineola, 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 Mineola’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mineola, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mineola, Wood County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.32%

Estimate Property Tax Bill

$582

$540

Ownwell’s Mineola Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mineola with just two data points. By entering your property's estimated assessed value, our calculator applies Mineola’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Wood County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mineola, Wood County, Texas

Local government entities are responsible for setting property tax rates, which can differ significantly within Texas. Each year, counties like Wood estimate the budget needed to fund essential services and divide it by the total value of all taxable properties in their area. This calculation determines the property tax rate. Although the process involves votes and regulations, this is the essence of how rates are established annually.

In Mineola, located in Wood County, the effective property tax rate stands out when compared to other cities in Texas and the national median. With a median property tax rate of 0.32%, Mineola's rate is considerably lower than the national median of 1.02%. This means that residents in Mineola enjoy one of the more favorable property tax environments in the country. The lower rate can result in significant savings for homeowners, making it an attractive location for property investment. By understanding these dynamics, property owners can better navigate the complexities of property taxation and potentially reduce their tax burdens.

Property Tax Rates Across Mineola, Wood County, Texas

Source: Ownwell

0.32%

0.63%

0.94%

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 Mineola Tax Rate

0.32%

Median Effective Wood County Tax Rate

0.67%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mineola, Wood County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
75773	0.11%	0.19%	0.32%	0.48%	0.97%

Source: Ownwell

Property Tax Assessment Values Across Mineola, Wood County, Texas

When examining property taxes in Mineola, 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 Wood 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 Wood 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 Mineola. For example, the median home price in Mineola is $181,845, with tax bills ranging significantly across the county. Zip code 75773 has the highest median home price at $181,845.

Property Tax Assessment Values Across Mineola, Wood County, Texas

Source: Ownwell

$123,810

$280,895

$437,980

Median Mineola Market Value

$181,845

Median Wood County Market Value

$164,060

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mineola, Wood County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
75773	$16,555	$73,518	$181,845	$292,022	$419,995

Source: Ownwell

Property Tax Bills Across Mineola, Wood County, Texas

In Mineola, located in Wood County, TX, property tax bills are determined by the assessed value of a home multiplied by the local tax rate. With a median home price of $181,845, the property tax bill can vary significantly based on the assessed value and applicable exemptions. Tax bills range from the 25th percentile at $196 to the 90th percentile at $1,883, with the median tax bill for the area standing at $454, notably lower than the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the final tax bill. For homeowners, this can mean a substantial financial burden if the assessed value is higher than expected. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expertise in local tax codes and assessment practices, Ownwell helps ensure that homeowners pay only their fair share, potentially reducing their tax liability and easing the financial impact of property ownership.

Property Tax Bills Across Mineola, Wood County, Texas

Source: Ownwell

$454

$1,934

$3,413

Median Mineola Tax Bill

$454

Median Wood County Tax Bill

$816

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Mineola, Wood County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
75773	$54	$196	$454	$912	$1,883

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
Wood Appraisal District
Website	esearch.woodcad.net