Savoy, Grayson County, Texas Property Taxes
Median Savoy, TX effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Savoy, TX home value: $241,531
Median annual Savoy, TX tax bill: $3,570, $1,170 higher than the national median property tax bill of $2,400.
How are property taxes in Grayson calculated?
Property taxes in Savoy, 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 Savoy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Savoy, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Savoy, Grayson County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$2,536
$2,353
$1,102
Average Tax Savings
Property Tax Rates Across Savoy, Grayson County, Texas
Local government entities set property tax rates, which can vary widely within a state. This happens because each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Savoy, located in Grayson County, TX, the effective property tax rate is a reflection of the county's budgetary needs and the assessed value of properties. With Grayson County's median property tax rate at 1.05%, it is slightly above the national median property tax rate of 1.02%. This rate is consistent across Grayson County, indicating a uniform approach to property taxation within the county.
Comparing Savoy's rate to the national median property tax bill of $2400, property owners in this area may experience a similar or slightly higher tax burden. Understanding these rates is crucial for property owners in managing their financial obligations and planning for future expenses.
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 Savoy Tax Rate
1.05%
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 Grayson County Tax Rate
2.09%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Savoy, Grayson County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75479 | 0.64% | 0.76% | 1.05% | 1.51% | 2.16% |
Source: Ownwell
$1,102
Average Savoy Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Savoy, Grayson County, Texas
When examining property taxes in Savoy, 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 Grayson 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 Grayson 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 Savoy. For example, the median home price in Savoy is $241,531, with tax bills ranging significantly across the county. 75479 has the highest median home price at $241,531.
Property Tax Assessment Values Across Savoy, Grayson County, Texas
Source: Ownwell
$73,388
$254,722
$436,055
Median Savoy Market Value
$241,531
Median Grayson County Market Value
$177,813
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Savoy, Grayson County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75479 | $115,430 | $185,728 | $241,531 | $450,071 | $618,619 |
Source: Ownwell
$1,102
Average Savoy Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Savoy, Grayson County, Texas
In Savoy, located in Grayson County, Texas, property tax bills are determined by assessing the property's market value and applying the local tax rate. Unlike some states, Texas does not have a state property tax; instead, local governments levy taxes based on the assessed value of the property. Homeowners in Savoy face a median tax bill significantly higher than the national median of $2,400, with amounts ranging from the 25th percentile at $2,622 to the 90th percentile at $5,650. These taxes fund essential services like schools, roads, and emergency services, impacting homeowners' annual expenses.
For homeowners seeking to reduce their property tax burden, Ownwell offers expert property tax appeal and exemption services. By analyzing individual property assessments and identifying discrepancies or overvaluations, Ownwell helps homeowners challenge their tax bills effectively. This can lead to significant savings, ensuring that homeowners only pay their fair share. With Ownwell's expertise, navigating the complexities of property tax assessments becomes manageable, providing peace of mind and financial relief.
Median Savoy Tax Bill
$3,570
Median Grayson County Tax Bill
$3,777
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Savoy, Grayson County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75479 | $1,119 | $2,622 | $3,570 | $4,914 | $5,650 |
Source: Ownwell
$1,102
Average Savoy Tax Savings
Save on your property taxes & more with Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | January 31 |
Links | |
|---|---|
| Grayson Appraisal District | |
| Website | esearch.graysonappraisal.org |
Save money on your property taxes with Ownwell
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.