Wolfe City, Fannin County, Texas Property Taxes
Median Wolfe City, TX effective property tax rate: 1.15%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Wolfe City, TX home value: $271,380
Median annual Wolfe City, TX tax bill: $2,418, $18 higher than the national median property tax bill of $2,400.
How are property taxes in Fannin County calculated?
Property taxes in Wolfe City, 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 Wolfe City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wolfe City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wolfe City, Fannin County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.15%
Estimate Property Tax Bill
$3,121
$2,896
Property Tax Rates Across Wolfe City, Fannin County, Texas
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget needed to provide services and divides it by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially the annual process.
In Wolfe City, located in Fannin County, the effective property tax rate is an essential factor for property owners to consider. When comparing Wolfe City's rate to those in other Texas cities, it's notable that the median property tax rate in Texas is 1.15%, which is higher than the national median of 1.02%. This means property owners in Wolfe City might face higher tax bills compared to the national average, with the median property tax bill in the U.S. at $2400. Understanding these rates can help property owners in Wolfe City make informed decisions about their investments and financial planning.
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 Wolfe City Tax Rate
1.15%
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 Wolfe City, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75496 | 0.32% | 0.60% | 1.15% | 1.36% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Wolfe City, Fannin County, Texas
When examining property taxes in Wolfe City, 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 Wolfe City.
For example, the median home price in Wolfe City is $271,380, with tax bills ranging significantly across the county. Zip code 75496 has the highest median home price at $271,380.
Property Tax Assessment Values Across Wolfe City, Fannin County, Texas
Source: Ownwell
$79,905
$232,343
$384,780
Median Wolfe City Market Value
$271,380
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 Wolfe City, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75496 | $79,510 | $160,610 | $271,380 | $433,855 | $662,910 |
Source: Ownwell
Property Tax Bills Across Wolfe City, Fannin County, Texas
Median Wolfe City Tax Bill
$2,418
Median Fannin County Tax Bill
$2,400
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Wolfe City, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75496 | $672 | $1,443 | $2,418 | $3,661 | $5,002 |
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 |