Average Tax Assessment in Grayson County
Real Estate Values and Property Tax Valuation in Grayson County, Texas
Grayson County has a total of 56,278 properties with a cumulative value of $11.3B. This accounts for 0.53% of all real estate value in Texas. Property taxes in Grayson County totaled $163.1M, with the average homeowner paying $2,900 in property taxes, which is lower than the state average of $4,015. The average property tax rate in Grayson County is 1.44%, while the state average is 1.69%. Properties are typically valued for tax purposes based on their 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 | |
|---|---|
| Grayson Clerk | (903) 813-4239 |
| TexasFile Clerk Records | - |
| Grayson Commissioner of Revenue | (276) 773-2381 |
| Grayson Sheriff/Tax Collector | (270) 259-3024 |
| 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 Grayson County
Residential Property Taxes by Cities in Grayson County
Grayson County has an average property tax rate of 1.44%, which is slightly lower than the state average of 1.81%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Grayson County is estimated to be around $2,900.
Property tax rates vary across the cities in Grayson County. Tom Bean has the highest effective property tax rate at 1.72%, while Sadler has the lowest effective rate at 0.99%. This means that property owners in Tom Bean will pay more in taxes than those in Sadler. However, the difference in rates is not significant enough to make a major impact on the overall property tax burden in Grayson County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Grayson 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 |
|---|---|---|---|---|---|
| Bells | $36,810 | $84,867 | $187,207 | $316,249 | $469,299 |
| Collinsville | $59,097 | $107,589 | $178,121 | $285,530 | $512,202 |
| Denison | $41,957 | $70,988 | $121,522 | $197,990 | $308,563 |
| Gordonville | $8,408 | $20,791 | $63,002 | $127,871 | $276,914 |
| Gunter | $91,186 | $186,138 | $377,130 | $501,637 | $724,531 |
| Howe | $37,864 | $85,478 | $165,320 | $277,281 | $442,681 |
| Pottsboro | $23,007 | $62,008 | $143,614 | $260,812 | $393,393 |
| Sadler | $29,112 | $64,814 | $153,752 | $300,072 | $469,642 |
| Sherman | $54,592 | $92,400 | $148,039 | $225,978 | $324,446 |
| Tioga | $81,530 | $129,476 | $212,493 | $345,616 | $663,729 |
| Tom Bean | $53,662 | $103,762 | $147,974 | $200,281 | $263,982 |
| Van Alstyne | $94,752 | $161,018 | $252,329 | $381,169 | $539,614 |
| Whitesboro | $54,199 | $94,432 | $157,371 | $267,030 | $454,737 |
| Whitewright | $38,790 | $101,604 | $171,722 | $283,777 | $466,714 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Grayson County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bells | $158 | $730 | $1,926 | $4,022 | $5,797 |
| Collinsville | $273 | $1,082 | $2,316 | $3,863 | $5,387 |
| Denison | $314 | $1,027 | $2,006 | $3,469 | $5,333 |
| Gordonville | $89 | $246 | $698 | $1,674 | $3,263 |
| Gunter | $532 | $2,000 | $5,454 | $9,214 | $12,398 |
| Howe | $0 | $673 | $2,424 | $4,401 | $5,862 |
| Pottsboro | $175 | $634 | $1,743 | $3,700 | $5,687 |
| Sadler | $120 | $504 | $1,439 | $3,061 | $5,165 |
| Sherman | $286 | $1,209 | $2,458 | $4,166 | $6,089 |
| Tioga | $395 | $1,607 | $3,277 | $5,308 | $7,517 |
| Tom Bean | $315 | $1,432 | $2,732 | $3,853 | $5,065 |
| Van Alstyne | $590 | $2,390 | $4,710 | $6,670 | $8,405 |
| Whitesboro | $251 | $931 | $1,991 | $3,444 | $5,198 |
| Whitewright | $226 | $798 | $2,061 | $3,635 | $5,409 |
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 |
|---|---|---|---|---|---|
| Bells | 0.43% | 0.86% | 1.03% | 1.27% | 1.24% |
| Collinsville | 0.46% | 1.01% | 1.30% | 1.35% | 1.05% |
| Denison | 0.75% | 1.45% | 1.65% | 1.75% | 1.73% |
| Gordonville | 1.06% | 1.18% | 1.11% | 1.31% | 1.18% |
| Gunter | 0.58% | 1.07% | 1.45% | 1.84% | 1.71% |
| Howe | 0.00% | 0.79% | 1.47% | 1.59% | 1.32% |
| Pottsboro | 0.76% | 1.02% | 1.21% | 1.42% | 1.45% |
| Sadler | 0.41% | 0.78% | 0.94% | 1.02% | 1.10% |
| Sherman | 0.52% | 1.31% | 1.66% | 1.84% | 1.88% |
| Tioga | 0.48% | 1.24% | 1.54% | 1.54% | 1.13% |
| Tom Bean | 0.59% | 1.38% | 1.85% | 1.92% | 1.92% |
| Van Alstyne | 0.62% | 1.48% | 1.87% | 1.75% | 1.56% |
| Whitesboro | 0.46% | 0.99% | 1.27% | 1.29% | 1.14% |
| Whitewright | 0.58% | 0.79% | 1.20% | 1.28% | 1.16% |
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Real Estate Values in Grayson County
The median home price in Grayson County, Texas has decreased by 1.24% from October 2022 to October 2023, from $303.0K to $299.2K. The home inventory in Grayson County has remained the same over the same period. This suggests that the housing market in Grayson County is relatively stable, with no significant changes in home prices or inventory.
Average Home Value in Grayson County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Grayson County
Last updated: November 2023
Percent Change in New Home Listings in Grayson County
Last updated: November 2023
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Mortgage Rates in Grayson County
Grayson County has a total of $3.3 billion in outstanding home mortgage loans, representing 18.7 thousand loans. This represents a significant portion of the total home value in the county, indicating that homeowners in Grayson County are taking advantage of the relatively low mortgage rates available in the area.
The median mortgage rate in Grayson County varies across cities, with Sadler having the highest rate at 4.27% and Van Alstyne having the lowest rate at 3.73%. This variation in rates across cities allows homeowners to shop around and find the best rate for their needs. With the current low mortgage rates, homeowners in Grayson County have the opportunity to save money on their mortgage payments and build equity in their homes.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Grayson County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bells | $32,229 | $63,788 | $116,127 | $194,220 | $277,478 |
| Collinsville | $29,615 | $58,475 | $120,992 | $193,571 | $265,230 |
| Denison | $28,280 | $54,415 | $104,742 | $164,827 | $250,944 |
| Gordonville | $17,221 | $34,216 | $72,071 | $143,239 | $287,142 |
| Gunter | $49,922 | $109,357 | $217,650 | $348,638 | $469,479 |
| Howe | $41,313 | $77,077 | $140,357 | $195,417 | $270,852 |
| Pottsboro | $33,667 | $67,582 | $129,212 | $212,460 | $324,905 |
| Sadler | $23,446 | $48,738 | $115,678 | $225,534 | $384,829 |
| Sherman | $31,779 | $57,046 | $111,281 | $182,268 | $258,863 |
| Tioga | $39,456 | $68,909 | $143,243 | $237,239 | $353,692 |
| Tom Bean | $28,805 | $49,276 | $84,911 | $147,878 | $225,934 |
| Van Alstyne | $56,826 | $110,501 | $191,573 | $279,213 | $370,330 |
| Whitesboro | $32,820 | $58,573 | $113,400 | $195,804 | $280,411 |
| Whitewright | $28,567 | $57,553 | $113,820 | $189,810 | $276,234 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Grayson County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bells | 2.90% | 3.48% | 4.11% | 5.16% | 6.22% |
| Collinsville | 2.90% | 3.41% | 3.94% | 4.90% | 6.15% |
| Denison | 2.88% | 3.30% | 3.93% | 4.84% | 6.07% |
| Gordonville | 2.90% | 3.41% | 4.00% | 5.17% | 6.05% |
| Gunter | 2.80% | 3.20% | 3.92% | 4.64% | 6.00% |
| Howe | 2.80% | 3.39% | 3.98% | 4.80% | 6.07% |
| Pottsboro | 2.90% | 3.40% | 4.00% | 4.91% | 6.11% |
| Sadler | 2.98% | 3.55% | 4.27% | 5.39% | 6.19% |
| Sherman | 2.88% | 3.34% | 3.99% | 4.97% | 6.12% |
| Tioga | 2.90% | 3.30% | 4.00% | 5.23% | 6.15% |
| Tom Bean | 2.98% | 3.52% | 4.16% | 5.00% | 6.16% |
| Van Alstyne | 2.80% | 3.10% | 3.73% | 4.53% | 5.78% |
| Whitesboro | 2.87% | 3.30% | 3.95% | 4.87% | 6.05% |
| Whitewright | 2.90% | 3.50% | 4.00% | 4.97% | 6.00% |
Housing Expenses in Grayson County, Texas
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