Savoy, Fannin County, Texas Property Taxes
Property Taxes in Savoy, Texas
Median Savoy, Texas effective property tax rate: 1.18%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.
Median Savoy, Texas home value: $194,925
Median annual Savoy, Texas tax bill: $2,117, lower than the national median property tax bill of $2,400.
How are property taxes in Fannin calculated?
Property taxes in Savoy, 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 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 April 13, 2026
Savoy, Fannin County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$2,300
$2,134
How Does the Savoy Property Tax Calculator Work?
Use this Savoy property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Savoy's median effective tax rate of 1.18% — 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 Savoy'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 Savoy: rates range from 1.18% in 75479 to 1.18% in 75479, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Savoy.
About Savoy Property Taxes
About Property Taxes in Savoy, Fannin, Texas
Savoy’s median effective property tax rate of 1.18% is higher 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 jurisdictions.
Property tax rates are not uniform across Savoy. Homeowners in ZIP code 75479 carry a median effective rate of 1.18%, and the same ZIP also shows the city’s median tax bill of $2,117. That means location within the city can still shape what you owe, even when the rate is consistent across the area.
Savoy homeowners who believe their assessed value is too high can file a formal appeal with the Appraisal District before the May 15, 2026 deadline each year.
If your estimated bill 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 Savoy, 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 Savoy'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 Savoy Tax Rate
1.18%
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 Savoy, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75479 | 0.43% | 0.83% | 1.18% | 1.45% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Savoy, Fannin County, Texas
When examining property taxes in Savoy, 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 are sent in April each year in Fannin County. 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. In Savoy, the median home price is $194,925, and the median tax bill is $2,117. Tax bills range from $1,141 at the 25th percentile to $5,222 at the 90th percentile, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.
Property Tax Assessment Values Across Savoy, Fannin County, Texas
Source: Ownwell
$83,540
$262,105
$440,670
Median Savoy Market Value
$194,925
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 Savoy, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75479 | $64,345 | $111,405 | $194,925 | $361,582 | $584,585 |
Source: Ownwell
Property Tax Bills Across Savoy, Fannin County, Texas
Property tax bills in Savoy are calculated using the assessed value of a home and the local tax rate set for Fannin County and other taxing entities. When a home’s market value rises, the assessed value can increase, which may lead to a higher tax bill unless an exemption or successful appeal lowers it.
For Savoy homeowners, the median home price is $194,925, and the median property tax bill is $2,117, which is below the national median property tax bill of $2,400. That means many homeowners in the city pay less than the typical U.S. homeowner, but individual bills can still vary widely based on property value and local rates.
Property taxes also affect monthly housing costs, so even a modest change in assessed value can make a noticeable difference. In Savoy, tax bills range from $1,141 at the 25th percentile to $5,222 at the 90th percentile, showing how much location and valuation can influence what homeowners owe.
Median Savoy Tax Bill
$2,117
Median Fannin County Tax Bill
$2,378
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Savoy, Fannin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75479 | $518 | $1,141 | $2,117 | $3,403 | $5,222 |
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 |