Carthage, Panola County, Texas Property Taxes
Property Taxes in Carthage, Texas
Median Carthage, Texas effective property tax rate: 1.82%, significantly higher than the national median of 1.02%, and higher than the Texas state median of 1.48%.
Median Carthage, Texas home value: $111,540
Median annual Carthage, Texas tax bill: $1,989, $411 lower than the national median property tax bill of $2,400.
How are property taxes in Panola calculated?
Property taxes in Carthage, Texas 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 Carthage's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Carthage, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Carthage, Panola County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.82%
Estimate Property Tax Bill
$2,030
$1,884
How Does the Carthage Property Tax Calculator Work?
Use this Carthage property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Carthage's median effective tax rate of 1.82% — based on actual property records in Panola County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Carthage's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Carthage: rates range from 1.82% in 75633 to 1.82% in 75633, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Carthage.
About Carthage Property Taxes
About Property Taxes in Carthage, Panola, Texas
Carthage’s median effective property tax rate of 1.82% is higher than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Panola County base levy combined with local school district levies and Municipal Utility Districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Carthage. Homeowners in the 75633 ZIP code carry a median effective rate of 1.82%, while those in the same ZIP code pay 1.82%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Panola County. Understanding which part of Carthage you live in can make a meaningful difference to your annual tax bill.
Carthage homeowners who believe their assessed value is too high can file a formal appeal with the local Appraisal District before the May 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Carthage, Panola County, Texas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Carthage's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
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 Carthage Tax Rate
1.82%
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
1.82%
Median Effective Texas Tax Rate
1.48%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Carthage, Panola County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75633 | 1.19% | 1.59% | 1.82% | 2.25% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Carthage, Panola County, Texas
When examining property taxes in Carthage, 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 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.
Assessment notices:
In Panola County, assessment notices are sent in May each year. They'll typically reach your mailbox by the middle of May.
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. For example, the median home price in Carthage is $111,540, with tax bills ranging from $851 at the 25th percentile to $5,219 at the 90th percentile. The median tax bill is $1,989, below the national median property tax bill of $2,400.
Property Tax Assessment Values Across Carthage, Panola County, Texas
Source: Ownwell
$65,375
$115,998
$166,620
Median Carthage Market Value
$111,540
Median Panola County Market Value
$108,790
Median Texas Market Value
$258,851
Median United States Market Value
$235,294
Property Tax Assessment Values Across Carthage, Panola County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75633 | $16,968 | $52,120 | $111,540 | $190,830 | $287,702 |
Source: Ownwell
Property Tax Bills Across Carthage, Panola County, Texas
Property tax bills in Carthage are based on the assessed value of a home and the local tax rates set by taxing authorities. For a home with a median home price of $111,540, the bill can vary widely depending on the property’s assessed market value, exemptions, and the combined rates from the county, city, and school district.
The 25th percentile tax bill is $851, while the 75th percentile is $3,533 and the 90th percentile reaches $5,219. That spread shows how much location, property characteristics, and assessment differences can affect what homeowners owe.
In Panola County, the highest and lowest median tax bill is $1,989 in ZIP code 75633. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Carthage homeowners may see bills that are lower or higher depending on their home’s assessed value and the local tax structure.
Median Carthage Tax Bill
$1,989
Median Panola County Tax Bill
$1,787
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Carthage, Panola County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75633 | $305 | $851 | $1,989 | $3,533 | $5,219 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
Links | |
|---|---|
| Panola Appraisal District | |
| Website | www.panolacad.org |