Fannin County, Texas Property Taxes

Name: Property Tax Bills Across Fannin County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fannin County effective property tax rate: 1.33%, significantly higher than the national median of 1.02%.
Median Fannin County home value: $196,430
Median annual Fannin County tax bill: $2,400, equal to the national median property tax bill of $2,400.

How are property taxes in Fannin County calculated?

Property taxes in Fannin County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Bonham or another part of Fannin County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fannin County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.33%

Estimate Property Tax Bill

$2,613

$2,424

Ownwell’s Fannin County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fannin County with just two data points. By entering your property's estimated assessed value, our calculator applies Fannin County’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 Fannin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fannin County, Texas

Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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.

In Fannin County, Texas, the effective property tax rate is 1.33%, which exceeds the national median rate of 1.02%. This higher rate reflects the county's budgetary needs and the value of taxable properties. Within Texas, Fannin County's rate is higher than some areas, such as Telephone, where the rate is 0.94%, but lower than others like Trenton, which has a rate of 1.52%. Comparing Fannin County's rate to the national median property tax bill of $2,400, residents may experience a higher tax burden depending on property values. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Fannin County, Texas

Source: Ownwell

0.94%

1.23%

1.52%

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 Fannin County Tax Rate

1.33%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

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	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
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

When examining property taxes in Fannin County, 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 Fannin 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 Fannin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Fannin County.

For example, the median tax bill in Fannin County is $2,400, with tax bills ranging significantly across the county. Blue Ridge has the highest median home price at $384,780.

Property Tax Assessment Values Across Fannin County, Texas

Source: Ownwell

$79,905

$232,343

$384,780

Median Fannin County Market Value

$196,430

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

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	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
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 determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to calculate the tax bill. Homeowners in Fannin County face a median property tax bill of approximately $1,278, which is significantly lower than the national median of $2,400. However, tax bills can vary widely within the county, with the 75th percentile reaching $4,184 and the 90th percentile hitting $6,204. The highest median tax bill in the county is found in Blue Ridge at $5,399, while Ladonia enjoys the lowest at $931. These variations are influenced by factors such as location, property size, and local government budgets. For homeowners, this means that living in different areas of the county can lead to considerable differences in tax obligations, impacting overall housing costs and affordability. Understanding these factors can help homeowners better plan their finances and anticipate changes in their annual tax bills.

Property Tax Bills Across Fannin County, Texas

Source: Ownwell

$931

$3,165

$5,399

Median Fannin County Tax Bill

$2,400

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

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	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
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