Ivanhoe, Fannin County, Texas Property Taxes
Median IVANHOE, TX effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median IVANHOE, TX home value: $226,420
Median annual IVANHOE, TX tax bill: $1,900, $500 lower than the national median property tax bill of $2,400.
How are property taxes in Fannin calculated?
Property taxes in IVANHOE, 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 IVANHOE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in IVANHOE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ivanhoe, Fannin County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$2,219
$2,059
Property Tax Rates Across Ivanhoe, Fannin County, Texas
Local government entities set tax rates, which can vary widely within a state. 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.
In Ivanhoe, located in Fannin County, TX, the property tax rate is set through this standard method. The city's effective property tax rate stands at 0.98%, which aligns with the median tax rate for the state of Texas. When compared to the national median property tax rate of 1.02%, Ivanhoe's rate is slightly lower, offering some relief to property owners. This rate is consistent across the county, as both the highest and lowest median tax rates in Fannin County are also 0.98%. Understanding these rates can help property owners make informed decisions about appeals and exemptions, ensuring they are not overpaying on their property taxes.
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 Ivanhoe Tax Rate
0.98%
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 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 Ivanhoe, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75447 | 0.34% | 0.70% | 0.98% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Ivanhoe, Fannin County, Texas
When examining property taxes in Ivanhoe, 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 Ivanhoe. For example, the median home price in Ivanhoe is $226,420, with tax bills ranging significantly across the county. 75447 has the highest median home price at $226,420.
Property Tax Assessment Values Across Ivanhoe, Fannin County, Texas
Source: Ownwell
$79,905
$232,343
$384,780
Median Ivanhoe Market Value
$226,420
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 Ivanhoe, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75447 | $65,759 | $129,432 | $226,420 | $444,205 | $749,525 |
Source: Ownwell
Property Tax Bills Across Ivanhoe, Fannin County, Texas
In Ivanhoe, located in Fannin County, TX, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $226,420, homeowners in Ivanhoe can expect their property tax bills to vary significantly. The 25th percentile tax bill is $1,104, while the 75th percentile reaches $3,207, and the 90th percentile climbs to $5,037. This range highlights the impact of property values and local tax rates on the tax burden for homeowners. Compared to the national median property tax bill of $2,400, Ivanhoe's tax bills can be both lower and higher, depending on the specific property.
Ownwell assists homeowners in Ivanhoe by providing expert property tax appeal and exemption services. By challenging inaccurate assessments and identifying potential exemptions, Ownwell helps reduce property tax bills, ensuring homeowners pay only their fair share. This support can lead to significant savings, easing the financial burden of property ownership in Ivanhoe.
Median Ivanhoe Tax Bill
$1,900
Median Fannin County Tax Bill
$2,400
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Ivanhoe, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75447 | $523 | $1,104 | $1,900 | $3,207 | $5,037 |
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 |