Mount Vernon, Franklin County, Texas Property Taxes

Name: Property Tax Bills Across Mount Vernon, Franklin County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Mount Vernon, TX effective property tax rate: 1.44%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Mount Vernon, TX home value: $196,555
Median annual Mount Vernon, TX tax bill: $2,476, $76 higher than the national median property tax bill of $2,400.

How are property taxes in Franklin County calculated?

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

Last Updated March 1, 2025

Mount Vernon, Franklin County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.44%

Estimate Property Tax Bill

$2,830

$2,627

Ownwell’s Mount Vernon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Vernon with just two data points. By entering your property's estimated assessed value, our calculator applies Mount Vernon’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 Franklin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mount Vernon, Franklin County, Texas

Local government entities determine property tax rates, which can differ significantly across regions. This variation is due to each county's annual budgeting process, where they estimate the necessary funds to maintain services and divide this amount by the total assessed value of all taxable properties in their area. This division establishes the property tax rate. Although setting these rates involves votes and legal considerations, this is essentially how the process unfolds each year.

Mount Vernon in Franklin County, TX, presents an interesting case when examining property tax rates. The city’s effective property tax rate is 1.44%, which is above the national median of 1.02%. Compared to the national median property tax bill of $2400, Mount Vernon’s rate reflects the higher end of the spectrum. This rate is consistent across Franklin County, indicating a uniform approach to property tax assessment within the area. Residents in Mount Vernon are subject to these rates, affecting their annual property tax bills. Understanding these local differences can help property owners make informed decisions about their investments.

Property Tax Rates Across Mount Vernon, Franklin County, Texas

Source: Ownwell

0.81%

1.12%

1.44%

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 Mount Vernon Tax Rate

1.44%

Median Effective Franklin County Tax Rate

1.44%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mount Vernon, Franklin County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
75457	0.84%	1.07%	1.44%	1.44%	1.98%

Source: Ownwell

Property Tax Assessment Values Across Mount Vernon, Franklin County, Texas

When examining property taxes in Mount Vernon, 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 Franklin 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 Franklin 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 Mount Vernon. For example, the median home price in Mount Vernon is $196,555, with tax bills ranging significantly across the county. 75457 has the highest median home price at $196,555.

Property Tax Assessment Values Across Mount Vernon, Franklin County, Texas

Source: Ownwell

$48,175

$199,910

$351,645

Median Mount Vernon Market Value

$196,555

Median Franklin County Market Value

$201,820

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mount Vernon, Franklin County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
75457	$50,848	$102,575	$196,555	$353,972	$704,401

Source: Ownwell

Property Tax Bills Across Mount Vernon, Franklin County, Texas

In Mount Vernon, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Mount Vernon, the median home price stands at $196,555, which influences the overall tax burden. Tax bills in this area can vary significantly, with the 25th percentile at $1,224 and the 75th percentile reaching $4,476, reflecting the diverse property values and tax rates within Franklin County. The 90th percentile tax bill is as high as $9,422, indicating that some homeowners face substantial property tax obligations. Compared to the national median property tax bill of $2,400, Mount Vernon's figures illustrate the potential for higher costs. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they are not overpaying. By leveraging our expertise, homeowners can effectively reduce their property tax bills, easing their financial burden.

Property Tax Bills Across Mount Vernon, Franklin County, Texas

Source: Ownwell

$483

$2,427

$4,371

Median Mount Vernon Tax Bill

$2,476

Median Franklin County Tax Bill

$2,446

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Mount Vernon, Franklin County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
75457	$616	$1,224	$2,476	$4,476	$9,422

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
Franklin Appraisal District
Website	esearch.franklin-cad.org