Ravenna, Fannin County, Texas Property Taxes
Median Ravenna, TX effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Ravenna, TX home value: $250,400
Median annual Ravenna, TX tax bill: $2,119, $281 lower than the national median property tax bill of $2,400.
How are property taxes in Fannin calculated?
Property taxes in Ravenna, 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 Ravenna’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ravenna, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ravenna, Fannin County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$2,679
$2,486
Property Tax Rates Across Ravenna, Fannin County, Texas
Local government entities are responsible for setting property tax rates, which can vary significantly within Texas. Each year, counties like Fannin estimate their budgetary needs to provide essential services and then divide this by the total assessed value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and regulations play a role in determining these rates and budgets, this is the core of the annual process.
Ravenna, located in Fannin County, has an effective property tax rate that aligns with the county's median rate of 1.07%. This rate is slightly above the national median property tax rate of 1.02%. While Ravenna's rate may seem high compared to the national average, it is essential to consider the services and benefits funded by these taxes. Property taxes are crucial for maintaining local infrastructure, schools, and emergency services. By understanding the factors that influence property tax rates, homeowners in Ravenna can better appreciate the value and necessity of their contributions to the community.
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 Ravenna Tax Rate
1.07%
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 Ravenna, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75476 | 0.37% | 0.73% | 1.07% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Ravenna, Fannin County, Texas
When examining property taxes in Ravenna, Texas, 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 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 Ravenna. For example, the median home price in Ravenna is $250,400, with tax bills ranging significantly across the county. Zip code 75476 has the highest median home price at $250,400.
Property Tax Assessment Values Across Ravenna, Fannin County, Texas
Source: Ownwell
$79,905
$232,343
$384,780
Median Ravenna Market Value
$250,400
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 Ravenna, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75476 | $60,616 | $123,030 | $250,400 | $462,010 | $675,458 |
Source: Ownwell
Property Tax Bills Across Ravenna, Fannin County, Texas
Median Ravenna Tax Bill
$2,119
Median Fannin County Tax Bill
$2,400
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Ravenna, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75476 | $588 | $1,148 | $2,119 | $3,779 | $5,598 |
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 |