Honey Grove, Fannin County, Texas Property Taxes

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

Median Honey Grove, TX effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Honey Grove, TX home value: $143,565
Median annual Honey Grove, TX tax bill: $1,834, $566 lower than the national median property tax bill of $2,400.

How are property taxes in Fannin County calculated?

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

Last Updated March 1, 2025

Honey Grove, 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

$1,909

$1,772

Ownwell’s Honey Grove Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Honey Grove with just two data points. By entering your property's estimated assessed value, our calculator applies Honey Grove’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 Honey Grove, Fannin County, Texas

Local government entities set property tax rates, which can vary widely within Texas. Each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Honey Grove, located in Fannin County, the effective property tax rate is 1.33%, which is notably higher than the national median rate of 1.02%. This rate is consistent across the city, as seen in the zip code 75446. When compared to the national median property tax bill of $2,400, property owners in Honey Grove may find their tax bills to be higher due to the elevated rate. However, this rate aligns with the median property tax rates in Texas, reflecting the state's approach to property taxation. Understanding these rates can help property owners in Honey Grove better anticipate their annual tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Honey Grove, 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 Honey Grove Tax Rate

1.33%

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 Honey Grove, Fannin County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
75446	0.58%	1.02%	1.33%	1.92%	1.92%

Source: Ownwell

Property Tax Assessment Values Across Honey Grove, Fannin County, Texas

When examining property taxes in Honey Grove, 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, 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 Honey Grove. For example, the median home price in Honey Grove is $143,565, with tax bills ranging significantly across the county. 75446 has the highest median home price at $143,565.

Property Tax Assessment Values Across Honey Grove, Fannin County, Texas

Source: Ownwell

$79,905

$232,343

$384,780

Median Honey Grove Market Value

$143,565

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 Honey Grove, Fannin County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
75446	$35,763	$74,140	$143,565	$284,800	$522,899

Source: Ownwell

Property Tax Bills Across Honey Grove, Fannin County, Texas

In Honey Grove, located in Fannin County, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Honey Grove, the median home price stands at $143,565, resulting in varied tax bills across different percentiles. The 25th percentile tax bill is $952, while the 75th percentile reaches $3,204, and the 90th percentile can go up to $4,970. Despite these variations, the median tax bill in Honey Grove is $1,834, which is below the national median property tax bill of $2,400.

Ownwell offers valuable assistance to homeowners by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and ensuring it aligns with market conditions, Ownwell can potentially lower your tax liability, helping you save significantly on your annual property tax bill.

Property Tax Bills Across Honey Grove, Fannin County, Texas

Source: Ownwell

$931

$3,165

$5,399

Median Honey Grove Tax Bill

$1,834

Median Fannin County Tax Bill

$2,400

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Honey Grove, Fannin County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
75446	$440	$952	$1,834	$3,204	$4,970

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