Marshall, Panola County, Texas Property Taxes
Property Taxes in Marshall, Texas
Median Marshall, Texas effective property tax rate: 1.78%, significantly higher than the national median of 1.02%, and higher than the Texas state median of 1.48%.
Median Marshall, Texas home value: $166,620
Median annual Marshall, Texas tax bill: $3,003, $603 higher than the national median property tax bill of $2,400.
How are property taxes in Panola calculated?
Property taxes in Marshall, 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 Marshall's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Marshall, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Marshall, Panola County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.78%
Estimate Property Tax Bill
$2,966
$2,752
How Does the Marshall Property Tax Calculator Work?
Use this Marshall property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Marshall's median effective tax rate of 1.78% — 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 Marshall'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 Marshall: rates range from 1.78% in 75672 to 1.78% in 75672, 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 Marshall.
About Marshall Property Taxes
About Property Taxes in Marshall, Panola, Texas
Marshall’s median effective property tax rate of 1.78% 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 (MUDs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Marshall. Homeowners in the 75672 ZIP code carry a median effective rate of 1.78%, while those in 75672 pay 1.78%. 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 Marshall you live in can make a meaningful difference to your annual tax bill.
Marshall 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 Marshall, 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 Marshall'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 Marshall Tax Rate
1.78%
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 Marshall, Panola County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75672 | 1.17% | 1.69% | 1.78% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Marshall, Panola County, Texas
When examining property taxes in Marshall, 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. 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 Marshall.
For example, the median home price in Marshall is $166,620, with tax bills ranging significantly across the county. 75672 has the highest median home price at $166,620.
Property Tax Assessment Values Across Marshall, Panola County, Texas
Source: Ownwell
$65,375
$115,998
$166,620
Median Marshall Market Value
$166,620
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 Marshall, Panola County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75672 | $58,540 | $113,475 | $166,620 | $224,880 | $259,308 |
Source: Ownwell
Property Tax Bills Across Marshall, Panola County, Texas
Property tax bills in Marshall are based on the assessed value of a home and the local tax rates set by taxing authorities. When a property’s market value changes, the tax bill can rise or fall depending on how that value is assessed for tax purposes. For a home with a median price of $166,620, the property tax bill is shaped by both the home’s value and the rate applied to it.
What homeowners pay can vary widely. In Marshall, the median tax bill is $3,003, which is above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%. Bills in the area range from $1,529 at the 25th percentile to $4,053 at the 75th percentile, with the 90th percentile reaching $4,728.
This means homeowners with higher assessed values or less favorable tax treatment may face larger annual bills, while lower assessed values can help keep taxes more manageable.
Median Marshall Tax Bill
$3,003
Median Panola County Tax Bill
$1,787
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Marshall, Panola County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75672 | $939 | $1,529 | $3,003 | $4,053 | $4,728 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
Links | |
|---|---|
| Panola Appraisal District | |
| Website | www.panolacad.org |