Mineola, Texas Property Taxes
Real Estate Values and Property Tax Valuation in Mineola, Texas
Mineola has 525 properties with a cumulative value of $42.4M, representing 0.31% of all real estate value in Smith County. Property taxes in Mineola totaled $614.5K, with an average homeowner paying $1,170 in property taxes compared to the county average of $2,664. The average property tax rate in Mineola is 1.45%, lower than the county average of 1.62%. Property taxes are based on the assessed value of the property, which is usually lower than the market value.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Smith Appraisal District | (903) 510-8600 |
| Smith Clerk (Recorder) | (903) 590-4688 |
| TexasFile Clerk Records | - |
| Smith Register of Deeds | (615) 735-1760 |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Mineola, Texas
Residential Property Tax by ZIP code in Mineola, Texas
Mineola, Texas has an average property tax rate of 1.45%, which is lower than the average property tax rate for Smith County, which is 1.62%. This means that homeowners in Mineola pay slightly less in property taxes than the average homeowner in Smith County. However, property tax rates in Mineola can vary significantly depending on the ZIP code. The ZIP code with the highest effective property tax rate in Mineola is 75773, with a rate of 1.45%. On the other hand, the ZIP code with the lowest effective property tax rate in Mineola is yet to be determined. The difference in property tax rates across ZIP codes is largely due to differences in home values by ZIP code.
Overall, Mineola has a relatively low property tax rate compared to the rest of Smith County. However, homeowners in Mineola should be aware that property tax rates can vary significantly depending on the ZIP code. Homeowners should research the effective property tax rate for their specific ZIP code to get an accurate estimate of their property tax burden.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Mineola, Texas. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75773 | $2,765 | $7,860 | $34,787 | $109,892 | $232,670 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Mineola, Texas.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75773 | $25 | $88 | $429 | $1,555 | $3,620 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75773 | 0.90% | 1.12% | 1.23% | 1.42% | 1.56% |
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Real Estate Values in Mineola, Texas
We currently do not have this data but we are working to add this soon.
Average Home Value in Mineola, Texas
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
We currently do not have this data but we are working to add this soon.
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Housing Expenses in Mineola, Texas
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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