How much are property taxes in Tool, TX?

Homeowners in Tool, TX pay a median of $1,952 (±$836) a year in real estate taxes (2020–2024 American Community Survey, table B25103).

Homes with a mortgage pay a median of $3,426.

Homes without a mortgage pay a median of $1,250.

That is about 0.9% of the median home value of $213,300.

In Tool, the median real estate tax went from $1,648 in 2015–2019 to $1,952 in 2020–2024 (+18.4%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median real estate taxes
$1,952 (±$836)
With a mortgage
$3,426
Without a mortgage
$1,250
Share of median value
0.9%

Real estate taxes in Tool against Henderson County, its state and the nation

Median real estate taxes paid a year, estimate (90% margin of error)
ToolHenderson CountyTexasUnited States
Median real estate taxes$1,952 (±$836)$1,991 (±$129)$4,232 (±$19)$3,119
Homes with a mortgage$3,426 (±$758)$2,842 (±$239)$5,327 (±$27)$3,489
Homes without a mortgage$1,250 (±$879)$1,442 (±$181)$2,847 (±$18)$2,576
Median home value$213,300 (±$56,609)$211,300 (±$7,572)$283,800 (±$738)$332,700

In Tool, the median real estate tax is not measurably different from Henderson County ($1,991).

It is also lower than in Texas ($4,232).

It is lower than the national figure ($3,119).

In Henderson County, Tool ranks 8 of 16 places with a published estimate, from highest to lowest median real estate taxes.

Statewide, it ranks 762 of 1,338.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Taxes as a share of home value in Tool

The median tax ($1,952) is 0.9% of the median home value ($213,300).

Across Henderson County the same ratio is 0.9%.

Across Texas it is 1.5%.

This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.

Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.

How property taxes in Tool have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median real estate taxes$1,648 (±$340)$1,952 (±$836)+18.4%No measurable change after inflation
Median home value$104,300 (±$18,709)$213,300 (±$56,609)+104.5%Up after inflation
Median owner cost with a mortgage$1,154 (±$181)$1,660 (±$386)+43.8%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median real estate taxes in places near Tool

Nearest places with a published estimate, compared with Tool
PlaceDistanceMedian real estate taxesCompared with this place
Tool—$1,952 (±$836)—
Enchanted Oaks3.8 mi$4,643 (±$2,153)Higher
Gun Barrel City4.1 mi$2,275 (±$353)Not measurably different
Seven Points5.4 mi$777 (±$672)Lower
Payne Springs5.7 mi$1,718 (±$557)Not measurably different
Mabank7.3 mi$3,237 (±$578)Higher
Trinidad9.1 mi$1,421 (±$545)Not measurably different
Star Harbor9.2 mi$3,964 (±$802)Higher
Eustace9.5 mi$2,057 (±$811)Not measurably different

Nearby places with a measurably lower figure: Seven Points, TX ($777).

Nearby places with a measurably higher figure: Enchanted Oaks, TX ($4,643), Mabank, TX ($3,237), Star Harbor, TX ($3,964).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median real estate taxes across Henderson County, place by place

RankPlaceMedian real estate taxes
2Star Harbor$3,964 (±$802)
3Chandler$2,899 (±$774)
4Athens$2,690 (±$410)
5Brownsboro$2,531 (±$1,341)
6Gun Barrel City$2,275 (±$353)
7Eustace$2,057 (±$811)
8Tool$1,952 (±$836)
9Coffee City$1,763 (±$597)
10Payne Springs$1,718 (±$557)
11Malakoff$1,667 (±$196)
12Trinidad$1,421 (±$545)
13Berryville$967 (±$778)
14Moore Station$921 (±$338)

Showing 13 of 16 places in Henderson County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Tool

How much are property taxes in Tool?

The median real estate tax paid by homeowners in Tool, TX is $1,952 (±$836) a year (2020–2024 American Community Survey).

What is the property tax rate in Tool?

The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 0.9% of the median home value in Tool, and the actual rate is set by the town, county and school district.

Have property taxes in Tool gone up?

In Tool, the median real estate tax went from $1,648 in 2015–2019 to $1,952 in 2020–2024 (+18.4%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Are property taxes in Tool higher than in Henderson County?

In Tool, the median real estate tax is not measurably different from Henderson County ($1,991).

It is also lower than in Texas ($4,232).

It is lower than the national figure ($3,119).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Tool city, Texas (place:73352, in state:48).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.

The API needs a free key.

Request a Census API key.

B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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