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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Panola County, Texas

Panola County has an effective property tax rate of 0.79%. On the median home value of $158,100, that's roughly $1,242 per year. Median household income is $64,894.

Effective Property Tax Rate1
0.79%
median tax $1,242 ÷ median home $158,100
Median Home Value1
$158,100
owner-occupied
Median Household Income1
$64,894
per-capita $36,331
Est. Annual Tax on Median Home1
$1,242
at 0.79% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricPanola CountyTexas (state context)
Effective property tax rate10.79%1.18%
Median home value1$158,100—
State income tax3No state income taxNo state income tax
State sales tax38.20% combined8.20% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Panola County, TX

Someone shopping for a home in Panola County, Texas, will find the combined cost of a mortgage and taxes shaped by two figures that both lean favorable. The median home value sits at $158,100, and the median annual real-estate tax bill comes to $1,242, based on an effective rate of 0.786 percent. That rate falls beneath Texas's statewide median of 1.183 percent, and the county ranks 237th out of 250 counties in the state on this measure. Nationally, the picture is nearly even, with the U.S. median at 0.794 percent. Households here earn a median of $64,894, while per-capita income is $36,331. Carthage, the largest of the county's communities alongside Beckville and De Berry, anchors the area. Buyers weighing a move can expect property taxes that take a smaller bite than much of Texas demands.

Frequently asked questions

What is the property tax rate in Panola County, TX?
The effective rate is 0.79% — meaning the median tax bill equals about 0.79% of the median home value.
How much are property taxes on a median home?
On the median home ($158,100), the estimated annual bill is about $1,242.
Is Panola County's rate high or low?
Compare it to the state median of 1.18% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Panola County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Panola County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.