Celeste, Fannin County, Texas Property Taxes
Median Celeste, TX effective property tax rate: 1.29%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Celeste, TX home value: $273,105
Median annual Celeste, TX tax bill: $3,477, $1,077 higher than the national median property tax bill of $2,400.
How are property taxes in Fannin County calculated?
Property taxes in Celeste, 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 Celeste’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Celeste, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Celeste, Fannin County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.29%
Estimate Property Tax Bill
$3,523
$3,269
Property Tax Rates Across Celeste, Fannin 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 Celeste’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
In Celeste, located in Fannin County, the property tax rate stands at 1.29%. This is notably higher than the national median of 1.02%. This high rate impacts property owners significantly, as they contribute more towards local services compared to the national average. However, when compared to other parts of Texas, Celeste's rate is aligned with the state median, emphasizing the importance of understanding local tax structures. For property owners in Celeste, staying informed about these rates can aid in better financial planning and potential savings through appeals and exemptions.
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 Celeste Tax Rate
1.29%
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 Celeste, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75423 | 0.51% | 0.76% | 1.29% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Celeste, Fannin County, Texas
When examining property taxes in Celeste, 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.
Assessment notices in Fannin County 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 Celeste. For example, the median home price in Celeste is $273,105, with tax bills ranging significantly across the county. Zip code 75423 has the highest median home price at $273,105.
Property Tax Assessment Values Across Celeste, Fannin County, Texas
Source: Ownwell
$79,905
$232,343
$384,780
Median Celeste Market Value
$273,105
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 Celeste, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75423 | $79,649 | $194,390 | $273,105 | $500,220 | $635,862 |
Source: Ownwell
Property Tax Bills Across Celeste, Fannin County, Texas
Median Celeste Tax Bill
$3,477
Median Fannin County Tax Bill
$2,400
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Celeste, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75423 | $1,097 | $1,416 | $3,477 | $4,528 | $6,581 |
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 |