Q: When are property taxes due in Panola County?
A: Property taxes for the current tax year are due by January 31st. Based on available information, there may also be installment payment options with a first payment due September 1st and second payment due December 1st. Contact the Panola County Tax Office to confirm current payment schedules.
Q: What homestead exemption am I eligible for?
A: Texas provides a $100,000 school district homestead exemption for your primary residence. This exemption reduces your taxable value and must be applied for annually. Additional local exemptions may be available for seniors, disabled veterans, or disabled persons.
Q: How does the homestead exemption cap work?
A: The homestead exemption includes a 10% assessment increase cap, meaning your home's assessed value for tax purposes cannot increase more than 10% per year, regardless of market value increases. This caps assessment growth but does not reduce your property's market value.
Q: Do I need to apply for exemptions every year?
A: Most exemptions require initial application and then periodic renewal. The homestead exemption typically requires application when you first purchase your home and then verification of continued eligibility. Contact the Panola County Appraisal District for specific application requirements and deadlines.
Q: What happens if I pay my taxes late?
A: Texas law imposes penalties and interest on late property tax payments. Penalty rates typically start at 6% for the first month and increase over time. Interest accrues monthly on unpaid balances, and prolonged non-payment can result in tax liens or foreclosure proceedings.
Q: How can I pay my property taxes online?
A: Panola County accepts online payments through their official website. Based on available information, VISA, MasterCard, and Discover are accepted payment methods. You can also pay by phone or in person at the District Clerk's office.
Q: When will I receive my property tax bill?
A: Property tax bills are typically mailed in late fall or early winter for taxes due January 31st. If you don't receive your bill, contact the Panola County Tax Office, as you remain responsible for payment even if you don't receive the bill.
Q: How do I appeal my property assessment?
A: Property assessments can be appealed through the Panola County Appraisal Review Board. Appeals must typically be filed by May 15th or within 30 days of receiving your assessment notice. You'll need to provide evidence supporting your claim that the assessed value is incorrect, such as recent comparable sales or property condition issues.
