Mt Vernon, Franklin County, Texas Property Taxes

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Property Taxes in Mt Vernon, Texas

Median Mt Vernon, Texas effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, and lower than the Texas state median of 1.48%.
Median Mt Vernon, Texas home value: $64,895
Median annual Mt Vernon, Texas tax bill: $739, lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

Property taxes in Mt Vernon, 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 Mt Vernon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mt Vernon, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Mt Vernon, Franklin County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.31%

Estimate Property Tax Bill

$850

$789

How Does the Mt Vernon Property Tax Calculator Work?

Use this Mt Vernon property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Mt Vernon’s median effective tax rate of 1.31% — based on actual property records in Franklin 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 Mt Vernon’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 Mt Vernon: rates range from 1.31% in 75457 to 1.31% in 75457, 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 Mt Vernon.

About Mt Vernon Property Taxes

About Property Taxes in Mt Vernon, Franklin, Texas

Mt Vernon’s median effective property tax rate of 1.31% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Franklin 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 Mt Vernon. Homeowners in ZIP code 75457 carry a median effective rate of 1.31%, while those in the same ZIP code also pay 1.31%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Franklin County. Understanding which part of Mt Vernon you live in can make a meaningful difference to your annual tax bill.

Mt Vernon 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 Mt Vernon, Franklin 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 Mt Vernon's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Property Tax Rates Across Mt Vernon, Franklin County, Texas

Source: Ownwell

0.77%

1.04%

1.31%

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 Mt Vernon Tax Rate

1.31%

Median Effective Franklin County Tax Rate

1.16%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mt Vernon, Franklin County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
75457	0.35%	0.58%	1.31%	1.42%	1.44%

Source: Ownwell

Property Tax Assessment Values Across Mt Vernon, Franklin County, Texas

When examining property taxes in Mt Vernon, 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 Franklin 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 Franklin County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.

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 Mt Vernon.

For example, the median home price in Mt Vernon is $64,895, with tax bills ranging significantly across the county. 75457 has the highest median home price at $64,895.

Property Tax Assessment Values Across Mt Vernon, Franklin County, Texas

Source: Ownwell

$64,895

$237,688

$410,480

Median Mt Vernon Market Value

$64,895

Median Franklin County Market Value

$216,800

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mt Vernon, Franklin County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
75457	$29,629	$37,082	$64,895	$165,272	$239,365

Source: Ownwell

Property Tax Bills Across Mt Vernon, Franklin County, Texas

Property tax bills in Mt Vernon are based on the assessed value of a home and the local tax rate set by the taxing authorities. When a property’s market value rises, the assessed value can increase as well, which may lead to a higher bill. Homeowners in Franklin County should also consider that exemptions and special taxing districts can affect the final amount owed.

With a median home price of $64,895, property tax bills in the city are often lower than the national median property tax bill of $2,400, but the amount can still vary widely from one home to another. The 25th percentile tax bill is $445, while the 75th percentile is $951 and the 90th percentile reaches $1,020. That means homeowners may see meaningful differences depending on their property’s assessed value and location.

For many homeowners, property taxes are a major part of the cost of owning a home, so even small changes in assessment can affect monthly budgets and long-term affordability.

Property Tax Bills Across Mt Vernon, Franklin County, Texas

Source: Ownwell

$739

$2,490

$4,240

Median Mt Vernon Tax Bill

$739

Median Franklin County Tax Bill

$2,415

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Mt Vernon, Franklin County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
75457	$314	$445	$739	$951	$1,020

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
Franklin Appraisal District
Website	franklin-cad.org

Frequently Asked Property Tax Questions in Mt Vernon, Texas

How are property taxes calculated in Mt Vernon, Texas?

Property taxes in Mt Vernon, Texas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Mt Vernon, Texas?

To appeal your property taxes in Mt Vernon, Texas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Mt Vernon, Texas?

Common property tax exemptions in Mt Vernon, Texas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Mt Vernon, Texas?

Property tax deadlines in Mt Vernon, Texas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Mt Vernon, Texas?

Ownwell provides professional property tax appeal services in Mt Vernon, Texas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.