Panzweiler had documentary mentions in 1259 and 1276 as Panzwilre and belonged along with Blankenrath to the parish of Mastershausen.

Under the Verwaltungsvereinfachungsgesetz (“Administration Simplification Law”) of 18 July 1970, with effect from 7 November 1970, the municipality was grouped into the Verbandsgemeinde of Zell.

[3] Panzweiler's mayor is Winfried Theisen, and his deputies are Bernd Klemm and Frank Sabel.

[4] The municipality's arms might be described thus: Tierced in mantle reversed, argent three bugle-horns in bend, bells to sinister, sable a bell surmounting a cross-staff bendwise, trailing from which a sudarium, all Or, and Or semée of crosses a bend dancetty gules.

The following are listed buildings or sites in Rhineland-Palatinate’s Directory of Cultural Monuments: