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Farmersville, Collin County, Texas Property Taxes

  • Median Farmersville, TX effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Farmersville, TX home value: $289,000

  • Median annual Farmersville, TX tax bill: $3,537, $1,137 higher than the national median property tax bill of $2,400.

How are property taxes in Collin County calculated?

Property taxes in Farmersville, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Farmersville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farmersville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Farmersville, Collin County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$3,613

$3,352

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Farmersville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Farmersville with just two data points. By entering your property's estimated assessed value, our calculator applies Farmersville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Collin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Farmersville, Collin County, Texas

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Farmersville’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Farmersville, located in Collin County, has a median property tax rate of 1.25%. This is notably higher than the national median property tax rate of 1.02%. The property tax rate in Farmersville aligns with the highest and lowest rates within the 75442 zip code, reflecting a consistent tax rate across the area. This rate impacts homeowners' annual tax bills, which can be significant when compared to the national median property tax bill of $2,400. Understanding these rates can help homeowners make informed decisions about property investments and tax appeals.

Property Tax Rates Across Farmersville, Collin County, Texas

Source: Ownwell

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0.21%

1.09%

1.98%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Farmersville Tax Rate

1.25%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Collin County Tax Rate

1.49%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Farmersville, Collin County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
754420.37%0.96%1.25%1.55%2.15%

Source: Ownwell

Property Tax Assessment Values Across Farmersville, Collin County, Texas

When examining property taxes in Farmersville, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Collin County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Collin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Farmersville. For example, the median home price in Farmersville is $289,000, with tax bills ranging significantly across the county. 75442 has the highest median home price at $289,000.

Property Tax Assessment Values Across Farmersville, Collin County, Texas

Source: Ownwell

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$284,449

$817,099

$1,349,748

Median Farmersville Market Value

$289,000

Median Collin County Market Value

$496,962

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Farmersville, Collin County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75442$104,053$183,898$289,000$444,787$591,618

Source: Ownwell

Property Tax Bills Across Farmersville, Collin County, Texas

In Farmersville, located in Collin County, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the tax bill. With a median home price of $289,000, property taxes can significantly impact homeowners' financial planning. The median tax bill in the area can range from $1,381 at the 25th percentile to as high as $6,642 at the 90th percentile, indicating a wide variance depending on property value and assessment accuracy. This is notably higher than the national median property tax bill of $2,400, making it crucial for homeowners to ensure their assessments are fair. Ownwell can assist homeowners by reviewing their property assessments for accuracy and filing appeals if discrepancies are found. By leveraging expert knowledge and local data, Ownwell helps homeowners potentially lower their tax bills, providing a much-needed financial relief in a region where tax bills can be substantial.

Property Tax Bills Across Farmersville, Collin County, Texas

Source: Ownwell

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$797

$9,028

$17,259

Median Farmersville Tax Bill

$3,537

Median Collin County Tax Bill

$6,925

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Farmersville, Collin County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75442$482$1,381$3,537$5,335$6,642

Source: Ownwell

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