Panola County, Texas Property Taxes
Census Bureau ACS property tax data for Texas. Population: 6,732.
The median annual property tax in Panola County is $1,313, which is 40% lower than the Texas state average and 32% below the national average. The effective tax rate is 0.90% on a median home value of $146,000. Property taxes represent 2.1% of the median household income in this county.
Median Annual Tax
$1,313
-40% vs State
-32% vs US
Median Home Value
$146,000
-15% vs State
-31% vs US
Effective Tax Rate
0.90%
-30% vs State
-5% vs US
With vs Without Mortgage
With Mortgage
$2,117
$176/mo
Without Mortgage
$797
$66/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $1,313 -0.8% | 0.90% |
| 2022 | $1,324 +12.5% | 0.95% |
| 2021 | $1,177 +7.6% | 0.98% |
| 2020 | $1,094 +10.8% | 0.94% |
| 2019 | $987 | 0.97% |
Tax Burden
Tax-to-Income Ratio
2.1%
of median household income
Median Income
$62,593
per year
Monthly Tax
$109
per month
Other Counties in Texas
Crosby County
Tax: $1,345/yr Rate: 1.78%
Wharton County
Tax: $2,749/yr Rate: 1.50%
San Patricio County
Tax: $2,754/yr Rate: 1.53%
Martin County
Tax: $1,434/yr Rate: 0.88%
McCulloch County
Tax: $1,435/yr Rate: 1.37%
Sterling County
Tax: $1,535/yr Rate: 1.07%
Frequently Asked Questions
What is the average property tax in Panola County, Texas? ▼
The median annual property tax in Panola County is $1,313 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.90% on a median home value of $146,000.
How does Panola County property tax compare to the national average? ▼
Property taxes in Panola County are 32% below the national average of $1,923. The effective rate of 0.90% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Panola County? ▼
In Panola County, homeowners with a mortgage pay a median of $2,117 in annual property taxes, while homeowners without a mortgage pay $797. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Panola County? ▼
Property taxes in Panola County represent approximately 2.1% of the median household income of $62,593. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.