Bonham, Fannin County, Texas Property Taxes
Property Taxes in Bonham, Texas
Median Bonham, Texas effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, and lower than the Texas state median of 1.48%.
Median Bonham, Texas home value: $189,620
Median annual Bonham, Texas tax bill: $2,465, $65 higher than the national median property tax bill of $2,400.
How are property taxes in Fannin calculated?
Property taxes in Bonham, 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 Bonham's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bonham, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Bonham, Fannin County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.41%
Estimate Property Tax Bill
$2,674
$2,481
How Does the Bonham Property Tax Calculator Work?
Use this Bonham property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Bonham's median effective tax rate of 1.41% — 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 Bonham'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 Bonham: rates range from 1.41% in 75418 to 1.41% in 75418, primarily due to differences in school district levies and local assessment districts. Bonham's median effective tax rate is higher than the 1.02% national median property tax rate, and the $2,465 median property tax bill is higher than the $2,400 national median bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Bonham.
About Bonham Property Taxes
About Property Taxes in Bonham, Fannin, Texas
Bonham’s median effective property tax rate of 1.41% 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 other local taxing units that affect homeowners across the city.
Property tax rates are not uniform across Bonham. Homeowners in the 75418 ZIP code carry a median effective rate of 1.41%, while those in the same ZIP code also pay 1.41%. That means there is no spread across the city in the available data, but your assessed value can still affect what you owe each year.
Bonham 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 Bonham, 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 Bonham'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 Bonham Tax Rate
1.41%
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 Bonham, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75418 | 0.70% | 1.08% | 1.41% | 1.76% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Bonham, Fannin County, Texas
When examining property taxes in Bonham, 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 the spring 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. For example, the median home price in Bonham is $189,620, with a median tax bill of $2,465. The highest median home price is in 75418 at $189,620.
Property Tax Assessment Values Across Bonham, Fannin County, Texas
Source: Ownwell
$83,540
$262,105
$440,670
Median Bonham Market Value
$189,620
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 Bonham, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75418 | $66,290 | $107,070 | $189,620 | $312,625 | $505,560 |
Source: Ownwell
Property Tax Bills Across Bonham, Fannin County, Texas
Property tax bills in Bonham are based on the assessed value of a home and the local tax rates set by taxing authorities. The assessed value is determined by the market value of the property, and that value is then multiplied by the applicable tax rate to calculate the bill. For homeowners, this means that changes in market value or local rates can directly affect how much is owed each year.
The median home price in Bonham is $189,620, and the median property tax bill is $2,465. That is slightly above the national median property tax bill of $2,400, showing that local homeowners may face a somewhat higher annual burden than the typical U.S. homeowner. Bills can vary widely, with the 25th percentile at $1,432 and the 75th percentile at $4,080, while the 90th percentile reaches $5,788.
Median Bonham Tax Bill
$2,465
Median Fannin County Tax Bill
$2,378
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Bonham, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75418 | $813 | $1,432 | $2,465 | $4,080 | $5,788 |
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 |