Average Tax Assessment in Fannin County
Real Estate Values and Property Tax Valuation in Fannin County, Texas
Fannin County has a total of 13,897 properties with a cumulative value of $2.3B. This represents 0.11% of all real estate value in Texas. Property taxes in Fannin County totaled $37.0M, with an average homeowner paying $2,664 in property taxes compared to the state average of $4,015. The average property tax rate in Fannin County is 1.60%, lower than the state average of 1.69%. Property taxes are calculated based on the assessed value of the property, which is typically lower than the market value.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Fannin Clerk | (903) 583-7486 |
| TexasFile Clerk Records | - |
| Fannin Clerk of Court | (706) 632-2039 |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Fannin County
Residential Property Taxes by Cities in Fannin County
Fannin County has an average property tax rate of 1.60%, which is slightly lower than the state average of 1.83%. This rate applies to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly from city to city. For example, the city of Bonham has an effective property tax rate of 1.87%, while the city of Telephone has an effective property tax rate of 1.15%. This means that property owners in Bonham will pay a higher property tax bill than those in Telephone.
Overall, Fannin County has a relatively low property tax rate compared to other counties in Texas. This makes it an attractive option for those looking to purchase property in the area. However, it is important to note that the effective property tax rate can vary significantly from city to city, so it is important to research the rates in the area before making a purchase.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Fannin County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonham | $32,738 | $57,860 | $109,040 | $194,000 | $317,692 |
| Dodd City | $18,298 | $52,045 | $120,860 | $231,350 | $387,175 |
| Ector | $18,960 | $35,350 | $78,630 | $167,365 | $265,738 |
| Honey Grove | $17,764 | $44,485 | $90,000 | $173,427 | $318,116 |
| Ivanhoe | $30,732 | $70,300 | $137,595 | $260,202 | $438,759 |
| Ladonia | $9,530 | $28,340 | $49,450 | $114,720 | $237,790 |
| Leonard | $38,272 | $74,310 | $151,865 | $261,445 | $386,795 |
| Ravenna | $32,140 | $72,045 | $143,660 | $273,585 | $411,944 |
| Savoy | $36,330 | $67,065 | $119,990 | $215,270 | $347,886 |
| Telephone | $32,680 | $66,860 | $136,720 | $271,480 | $436,650 |
| Trenton | $38,396 | $81,262 | $180,110 | $304,415 | $393,670 |
| Whitewright | $55,491 | $96,472 | $181,675 | $326,272 | $483,148 |
| Windom | $25,554 | $52,530 | $100,020 | $204,990 | $369,516 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Fannin County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonham | $684 | $1,210 | $2,223 | $3,874 | $5,591 |
| Dodd City | $288 | $775 | $1,634 | $3,371 | $4,651 |
| Ector | $368 | $736 | $1,473 | $2,932 | $4,603 |
| Honey Grove | $327 | $848 | $1,658 | $3,224 | $4,993 |
| Ivanhoe | $454 | $914 | $1,810 | $3,188 | $4,943 |
| Ladonia | $186 | $490 | $897 | $1,734 | $3,228 |
| Leonard | $715 | $1,262 | $2,551 | $4,165 | $5,588 |
| Ravenna | $526 | $1,093 | $1,984 | $3,656 | $5,480 |
| Savoy | $576 | $1,196 | $2,178 | $3,554 | $5,154 |
| Telephone | $437 | $883 | $1,686 | $3,189 | $4,717 |
| Trenton | $703 | $1,442 | $2,919 | $5,027 | $6,280 |
| Whitewright | $758 | $1,338 | $2,480 | $4,235 | $6,368 |
| Windom | $387 | $800 | $1,417 | $3,083 | $4,740 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonham | 2.09% | 2.09% | 2.04% | 2.00% | 1.76% |
| Dodd City | 1.57% | 1.49% | 1.35% | 1.46% | 1.20% |
| Ector | 1.94% | 2.08% | 1.87% | 1.75% | 1.73% |
| Honey Grove | 1.84% | 1.91% | 1.84% | 1.86% | 1.57% |
| Ivanhoe | 1.48% | 1.30% | 1.32% | 1.23% | 1.13% |
| Ladonia | 1.95% | 1.73% | 1.81% | 1.51% | 1.36% |
| Leonard | 1.87% | 1.70% | 1.68% | 1.59% | 1.44% |
| Ravenna | 1.64% | 1.52% | 1.38% | 1.34% | 1.33% |
| Savoy | 1.59% | 1.78% | 1.82% | 1.65% | 1.48% |
| Telephone | 1.34% | 1.32% | 1.23% | 1.17% | 1.08% |
| Trenton | 1.83% | 1.77% | 1.62% | 1.65% | 1.60% |
| Whitewright | 1.37% | 1.39% | 1.37% | 1.30% | 1.32% |
| Windom | 1.51% | 1.52% | 1.42% | 1.50% | 1.28% |
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Real Estate Values in Fannin County
The data from Redfin shows that the median home price in Fannin County, Texas has increased by 34.22% from October 2022 to October 2023. This is a significant increase in home prices in the area, indicating a strong housing market in the region. Additionally, the home inventory in Fannin County has also increased from 177 in October 2022 to 202 in October 2023, indicating that there is an increased demand for housing in the area. This suggests that the housing market in Texas is strong and that home prices are likely to continue to rise in the near future.
Average Home Value in Fannin County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Fannin County
Last updated: November 2023
Percent Change in New Home Listings in Fannin County
Last updated: November 2023
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Mortgage Rates in Fannin County
Fannin County has a total of $486.8 million in outstanding home mortgage loans, with 3.6 thousand loans outstanding. This represents a significant portion of the total home value in the county, with the average loan amount being around $135,000. The median mortgage rate in Fannin County varies across cities, with Ladonia having the highest median mortgage rate at 4.5%, and Savoy having the lowest at 4%. This variation in rates across cities can be attributed to the different economic and housing market conditions in each city.
Overall, Fannin County has a significant amount of outstanding home mortgage loans, with a large portion of the total home value in the county being represented by these loans. The variation in rates across cities is indicative of the different economic and housing market conditions in each city, and can be used to inform potential home buyers of the best mortgage rate for their situation.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Fannin County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonham | $24,335 | $50,315 | $93,432 | $165,058 | $239,193 |
| Dodd City | $27,826 | $52,609 | $98,067 | $175,039 | $269,673 |
| Ector | $18,317 | $47,626 | $85,265 | $148,338 | $206,595 |
| Honey Grove | $19,397 | $38,333 | $75,526 | $146,344 | $244,142 |
| Ivanhoe | $23,896 | $44,332 | $80,137 | $157,299 | $270,430 |
| Ladonia | $11,205 | $39,025 | $65,692 | $113,216 | $170,122 |
| Leonard | $27,977 | $58,400 | $117,215 | $197,129 | $271,843 |
| Ravenna | $34,654 | $58,895 | $118,643 | $180,622 | $266,574 |
| Savoy | $37,104 | $58,982 | $106,096 | $163,760 | $292,708 |
| Telephone | $12,819 | $43,269 | $101,344 | $180,753 | $264,755 |
| Trenton | $37,222 | $76,173 | $135,769 | $235,675 | $303,458 |
| Whitewright | $39,428 | $63,109 | $114,598 | $227,983 | $320,269 |
| Windom | $15,650 | $46,915 | $110,393 | $177,794 | $260,832 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Fannin County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonham | 2.90% | 3.50% | 4.10% | 4.87% | 6.10% |
| Dodd City | 2.90% | 3.50% | 4.17% | 5.19% | 6.19% |
| Ector | 2.89% | 3.69% | 4.40% | 5.10% | 6.08% |
| Honey Grove | 2.90% | 3.56% | 4.17% | 5.29% | 6.24% |
| Ivanhoe | 3.04% | 3.60% | 4.21% | 5.36% | 6.29% |
| Ladonia | 3.12% | 3.84% | 4.50% | 5.19% | 6.39% |
| Leonard | 2.90% | 3.55% | 4.10% | 4.93% | 6.13% |
| Ravenna | 2.90% | 3.43% | 4.12% | 4.90% | 6.08% |
| Savoy | 2.80% | 3.31% | 4.00% | 5.12% | 6.15% |
| Telephone | 3.10% | 3.63% | 4.13% | 5.14% | 6.27% |
| Trenton | 3.00% | 3.54% | 4.01% | 4.80% | 6.18% |
| Whitewright | 2.95% | 3.58% | 4.16% | 5.04% | 6.21% |
| Windom | 2.90% | 3.83% | 4.37% | 4.88% | 5.90% |
Housing Expenses in Fannin County, Texas
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