Bailey, Fannin County, Texas Property Taxes

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

Median Bailey, TX effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Bailey, TX home value: $114,085
Median annual Bailey, TX tax bill: $1,412, $988 lower than the national median property tax bill of $2,400.

How are property taxes in Fannin calculated?

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

Last Updated March 1, 2025

Bailey, Fannin County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.41%

Estimate Property Tax Bill

$1,609

$1,493

Ownwell’s Bailey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bailey with just two data points.

By entering your property's estimated assessed value, our calculator applies Bailey’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 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 Bailey, Fannin County, Texas

Local government entities set tax rates, which can vary widely within a state. 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.

In Bailey, located in Fannin County, Texas, the effective property tax rate stands at 1.41%. This rate is higher than the national median property tax rate of 1.02%, highlighting the variation in property tax burdens across different regions. When compared to the median property tax rate in Texas, which is also 1.41%, Bailey aligns perfectly with the state average. This consistency within the state suggests a relatively uniform approach to property taxation, at least within this particular region.

Understanding these rates is crucial for property owners, as they directly impact the annual tax bill. In Bailey, the alignment with both the state and county median rates simplifies the expectation for property taxes, providing a predictable financial landscape for residents.

Property Tax Rates Across Bailey, 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 Bailey Tax Rate

1.41%

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 Bailey, Fannin County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
75413	0.56%	0.92%	1.41%	1.66%	1.66%

Source: Ownwell

Property Tax Assessment Values Across Bailey, Fannin County, Texas

When examining property taxes in Bailey, 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 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.

In Fannin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Bailey. For example, the median home price in Bailey is $114,085, with tax bills ranging significantly across the county. 75413 has the highest median home price at $114,085.

Property Tax Assessment Values Across Bailey, Fannin County, Texas

Source: Ownwell

$79,905

$232,343

$384,780

Median Bailey Market Value

$114,085

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 Bailey, Fannin County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
75413	$40,510	$71,990	$114,085	$234,915	$351,770

Source: Ownwell

Property Tax Bills Across Bailey, Fannin County, Texas

In Bailey, located in Fannin County, TX, property tax bills are calculated based on the assessed value of a home, which may differ from its market value. The local tax rate is applied to this assessed value to determine the tax bill. Factors such as the home's size, location, and any improvements can influence its assessed value. Homeowners in Bailey face a median property tax bill of $1,412, which is below the national median of $2,400, making it relatively affordable. However, the tax bill can vary significantly, ranging from the 25th percentile at $863 to the 90th percentile at $3,893, depending on specific property assessments and exemptions. Ownwell assists homeowners in Bailey by offering property tax appeal and exemption services to ensure they are not overpaying. By analyzing the assessed value and identifying potential discrepancies, Ownwell helps homeowners potentially reduce their tax burdens, providing peace of mind and financial savings.

Property Tax Bills Across Bailey, Fannin County, Texas

Source: Ownwell

$931

$3,165

$5,399

Median Bailey Tax Bill

$1,412

Median Fannin County Tax Bill

$2,400

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Bailey, Fannin County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
75413	$345	$863	$1,412	$2,448	$3,893

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