Bailey, Fannin County, Texas Property Taxes
Property Taxes in Bailey, Texas
Median Bailey, Texas effective property tax rate: 1.33%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.
Median Bailey, Texas home value: $106,590
Median annual Bailey, Texas tax bill: $1,389, lower than the national median property tax bill of $2,400.
How are property taxes in Fannin calculated?
Property taxes in Bailey, Texas 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 Bailey's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bailey, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Bailey, Fannin County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.33%
Estimate Property Tax Bill
$1,418
$1,316
How Does the Bailey Property Tax Calculator Work?
Use this Bailey property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Bailey's median effective tax rate of 1.33% — based on actual property records in Fannin County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Bailey's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Bailey: rates are the same across the city, with the median property tax bill at $1,389 in 75413.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Bailey.
About Bailey Property Taxes
About Property Taxes in Bailey, Fannin, Texas
Bailey's median effective property tax rate of 1.33% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Fannin County base levy combined with local school district levies and Municipal Utility Districts (MUDs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Bailey. Homeowners in the 75413 ZIP code carry a median effective rate of 1.33%, while those in the 75413 pay 1.33%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Fannin County. Understanding which part of Bailey you live in can make a meaningful difference to your annual tax bill.
Bailey homeowners who believe their assessed value is too high can file a formal appeal with the local Appraisal District before the May 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Bailey, Fannin County, Texas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Bailey's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
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 Bailey Tax Rate
1.33%
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
1.27%
Median Effective Texas Tax Rate
1.48%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bailey, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75413 | 0.58% | 0.92% | 1.33% | 1.66% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Bailey, Fannin County, Texas
When examining property taxes in Bailey, Texas, 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.
Assessment notices:
In Fannin County, assessment notices are sent in April 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 Bailey.
For example, the median home price in Bailey is $106,590, with tax bills ranging significantly across the county. 75413 has the highest median home price at $106,590.00.
Property Tax Assessment Values Across Bailey, Fannin County, Texas
Source: Ownwell
$83,540
$262,105
$440,670
Median Bailey Market Value
$106,590
Median Fannin County Market Value
$206,260
Median Texas Market Value
$258,851
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bailey, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75413 | $38,960 | $70,172 | $106,590 | $219,412 | $352,020 |
Source: Ownwell
Property Tax Bills Across Bailey, Fannin County, Texas
Property tax bills in Bailey are based on the assessed value of a home, not its market price alone. Local taxing authorities apply their tax rates to that assessed value to determine what homeowners owe each year. Factors such as property characteristics, location, and any exemptions can all affect the final bill.
With a median home price of $106,590, property taxes can still vary widely from one homeowner to another. In this area, the 25th percentile tax bill is $859, while the 75th percentile tax bill is $2,433 and the 90th percentile tax bill is $3,849. That spread shows how much assessed value and local tax rates can influence the amount due.
For many homeowners, a higher assessed value can mean a larger tax bill, even if the home has not been sold. Understanding how the bill is calculated helps homeowners see why their property taxes may change from year to year.
Median Bailey Tax Bill
$1,389
Median Fannin County Tax Bill
$2,378
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Bailey, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75413 | $341 | $859 | $1,389 | $2,433 | $3,849 |
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 |