Fannin County Property Taxes
The median property tax rate in Fannin County is 1.33%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Fannin County, the typical annual property tax bill reaches $2,400, which is below the national median of $2,690. Property taxes in Fannin County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Fannin County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Bonham or another part of Fannin County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fannin County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Fannin County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Fannin County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Fannin County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Fannin County, Texas
Property taxes in Fannin County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Fannin County is 1.33%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Fannin County set these rates annually, and they can vary significantly between different areas within the county. Each year, Fannin County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Fannin County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Trenton has one of the higher property tax rates in Texas at 1.52%, while the city of Sumner boasts one of the lowest at 0.64%. Analyzing how Fannin County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Fannin County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fannin County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bailey | 0.56% | 0.92% | 1.41% | 1.66% | 1.66% |
| Bells | 0.78% | 0.92% | 1.03% | 1.10% | 1.17% |
| Blue Ridge | 0.71% | 0.93% | 1.37% | 1.66% | 1.66% |
| Bonham | 0.78% | 1.13% | 1.41% | 1.97% | 1.97% |
| Celeste | 0.51% | 0.76% | 1.29% | 1.63% | 1.63% |
| Dodd City | 0.46% | 0.78% | 1.20% | 1.33% | 1.59% |
| Ector | 0.75% | 1.11% | 1.39% | 1.74% | 1.74% |
| Gober | 0.73% | 0.97% | 1.41% | 1.41% | 1.41% |
| Honey Grove | 0.58% | 1.02% | 1.33% | 1.92% | 1.92% |
| Ivanhoe | 0.34% | 0.70% | 0.98% | 1.25% | 1.25% |
| Ladonia | 0.48% | 1.00% | 1.25% | 1.46% | 1.46% |
| Leonard | 0.69% | 1.12% | 1.49% | 1.73% | 2.09% |
| Pecan Gap | 0.95% | 1.02% | 1.15% | 1.26% | 1.30% |
| Randolph | 0.66% | 1.11% | 1.41% | 1.41% | 1.41% |
| Ravenna | 0.37% | 0.73% | 1.07% | 1.41% | 1.41% |
| Savoy | 0.53% | 0.91% | 1.27% | 1.54% | 1.81% |
| Sumner | 0.55% | 0.59% | 0.64% | 0.70% | 0.74% |
| Telephone | 0.26% | 0.60% | 0.94% | 1.25% | 1.25% |
| Trenton | 0.85% | 1.24% | 1.52% | 1.66% | 2.23% |
| Whitewright | 0.46% | 0.82% | 1.19% | 1.39% | 1.66% |
| Windom | 0.46% | 0.79% | 1.14% | 1.41% | 1.58% |
| Wolfe City | 0.32% | 0.60% | 1.15% | 1.36% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Fannin County, Texas
In Fannin County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Fannin County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Fannin County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, homeowners in Blue Ridge face the highest median tax bill at $5,399, while those in Ladonia see the lowest at $931. Being aware of these valuation processes in Fannin County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Fannin County Assessed Value
$196,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fannin County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bailey | $40,510 | $71,990 | $114,085 | $234,915 | $351,770 |
| Bells | $187,439 | $229,258 | $287,120 | $438,162 | $647,705 |
| Blue Ridge | $124,012 | $245,550 | $384,780 | $566,930 | $719,588 |
| Bonham | $62,024 | $99,300 | $180,000 | $303,890 | $487,652 |
| Celeste | $79,649 | $194,390 | $273,105 | $500,220 | $635,862 |
| Dodd City | $42,000 | $106,060 | $210,000 | $375,740 | $634,720 |
| Ector | $33,540 | $59,240 | $129,840 | $262,660 | $453,930 |
| Gober | $30,292 | $50,445 | $90,470 | $300,405 | $508,952 |
| Honey Grove | $35,763 | $74,140 | $143,565 | $284,800 | $522,899 |
| Ivanhoe | $65,759 | $129,432 | $226,420 | $444,205 | $749,525 |
| Ladonia | $22,563 | $44,775 | $79,905 | $186,060 | $427,446 |
| Leonard | $91,394 | $151,275 | $259,230 | $426,965 | $626,900 |
| Pecan Gap | $85,855 | $136,862 | $240,210 | $333,345 | $365,970 |
| Randolph | $26,770 | $50,000 | $89,730 | $154,240 | $267,760 |
| Ravenna | $60,616 | $123,030 | $250,400 | $462,010 | $675,458 |
| Savoy | $54,830 | $100,200 | $178,580 | $346,760 | $558,880 |
| Sumner | $164,297 | $200,742 | $261,485 | $322,228 | $358,673 |
| Telephone | $69,293 | $124,128 | $243,595 | $481,512 | $812,661 |
| Trenton | $70,050 | $139,642 | $290,700 | $463,590 | $608,950 |
| Whitewright | $83,680 | $156,680 | $291,720 | $508,015 | $759,250 |
| Windom | $52,096 | $87,780 | $197,120 | $371,600 | $619,454 |
| Wolfe City | $79,510 | $160,610 | $271,380 | $433,855 | $662,910 |
Source: Ownwell
Property Tax Bills Across Fannin County, Texas
In Fannin County, TX, property tax bills are calculated based on the assessed value of the property, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the property's market value, any applicable exemptions, and the specific tax rates set by local taxing entities such as school districts, municipalities, and special districts. For homeowners in Fannin County, the median home price is $196,430. Property taxes can vary widely; for instance, the 25th percentile tax bill is $1,278, while the 75th percentile tax bill reaches $4,184. At the 90th percentile, homeowners might pay as much as $6,204 annually. Comparatively, the city with the highest median tax bill in the county is Blue Ridge at $5,399, whereas Ladonia has the lowest median tax bill at $931. These variations highlight how local factors and property values significantly impact individual tax obligations.
Average Fannin County Tax Bill
$2,400
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fannin County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bailey | $345 | $863 | $1,412 | $2,448 | $3,893 |
| Bells | $1,943 | $2,323 | $3,223 | $4,271 | $4,918 |
| Blue Ridge | $1,106 | $2,016 | $5,399 | $7,117 | $9,333 |
| Bonham | $827 | $1,441 | $2,465 | $4,079 | $5,774 |
| Celeste | $1,097 | $1,416 | $3,477 | $4,528 | $6,581 |
| Dodd City | $458 | $1,022 | $2,040 | $3,603 | $5,059 |
| Ector | $445 | $801 | $1,715 | $3,141 | $4,720 |
| Gober | $412 | $695 | $1,087 | $2,946 | $4,194 |
| Honey Grove | $440 | $952 | $1,834 | $3,204 | $4,970 |
| Ivanhoe | $523 | $1,104 | $1,900 | $3,207 | $5,037 |
| Ladonia | $263 | $555 | $931 | $1,761 | $3,388 |
| Leonard | $1,158 | $2,037 | $3,629 | $5,506 | $7,515 |
| Pecan Gap | $896 | $1,276 | $2,414 | $3,786 | $4,588 |
| Randolph | $358 | $618 | $1,098 | $1,988 | $3,420 |
| Ravenna | $588 | $1,148 | $2,119 | $3,779 | $5,598 |
| Savoy | $585 | $1,155 | $2,147 | $3,400 | $5,195 |
| Sumner | $1,159 | $1,304 | $1,546 | $1,787 | $1,932 |
| Telephone | $527 | $998 | $1,863 | $3,356 | $5,218 |
| Trenton | $960 | $1,981 | $3,785 | $6,454 | $8,126 |
| Whitewright | $758 | $1,625 | $2,855 | $4,957 | $7,134 |
| Windom | $603 | $917 | $1,776 | $3,185 | $4,608 |
| Wolfe City | $672 | $1,443 | $2,418 | $3,661 | $5,002 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Fannin Appraisal District | |
| Website | esearch.fannincad.org |