Rate Breakdown

Property taxes in Knox County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Knox County

Property taxes in Knox County, Texas, are based on the assessed value of your property and the combined millage rates set by local taxing entities. Here’s how the process works:

• Assessment: The Knox County Appraisal District (KCAD) determines the market value of your property annually. Appraisers consider factors like location, size, and recent sales of comparable properties.
• Tax Rates: Local entities (e.g., county, school district, city) set their own millage rates, which are applied to your assessed value to calculate taxes owed. For example, a rate of 1.0% (or 10 mills) on a $100,000 home would result in $1,000 in taxes.
• Tax Calculation: Your final tax bill is the sum of all applicable millage rates multiplied by your property’s assessed value, minus any exemptions.

Available Exemptions

Knox County offers several exemptions to reduce your taxable property value. Key exemptions include:

• Homestead Exemption: Available to primary residents, this exemption reduces your home’s taxable value by a percentage (e.g., $25,000 for school taxes).
• Senior Citizen Exemption: Homeowners aged 65+ may qualify for additional school tax reductions and frozen tax ceilings.
• Disability Exemption: Disabled homeowners can receive similar benefits to seniors, including potential school tax exemptions.
• Veteran Exemptions: Veterans with service-related disabilities may qualify for partial or full exemptions based on disability rating.

Applications for exemptions must be filed with the KCAD, typically by April 30.

Payment Schedule & Deadlines

Knox County property taxes are due annually, with the following key dates and options:

• Deadline: Taxes are due by January 31 of the following year. For example, 2024 taxes are due by January 31, 2025.
• Installment Plans: Qualified homeowners (e.g., seniors or disabled individuals) may pay in four installments (Jan. 31, March 31, May 31, and July 31) without penalty.
• Late Payments: Delinquent taxes incur penalties (up to 12%) and interest (1% per month). Unpaid taxes may lead to liens or foreclosure.

Payments can be made online, by mail, or in person at the Knox County Tax Office.

Appealing Your Assessment

If you believe your property’s assessed value is incorrect, you can appeal to the KCAD. Follow these steps:

• File a Protest: Submit a written protest to the KCAD by May 15 (or 30 days after your appraisal notice is mailed, whichever is later).
• Evidence: Gather supporting documents, such as recent sales of comparable properties or repair estimates, to justify a lower valuation.
• Hearing: Present your case to the Appraisal Review Board (ARB), which will issue a decision.
• Further Appeals: If dissatisfied, you may file a lawsuit in district court or request binding arbitration.

Act promptly, as deadlines are strict. Consult the KCAD website or a tax professional for detailed guidance.