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Tom Bean, Grayson County, Texas Property Taxes

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Property Taxes in Tom Bean, Texas

  • Median Tom Bean, Texas effective property tax rate: 1.62%, significantly higher than the national median of 1.02%, and higher than the Texas state median of 1.48%.

  • Median Tom Bean, Texas home value: $241,514

  • Median annual Tom Bean, Texas tax bill: $3,860, $1,460 higher than the national median property tax bill of $2,400.

How are property taxes in Grayson calculated?

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

Last Updated April 13, 2026

Tom Bean, Grayson County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.62%

Estimate Property Tax Bill

$3,913

$3,631

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Tom Bean Property Tax Calculator Work?

Use this Tom Bean property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Tom Bean's median effective tax rate of 1.62% — based on actual property records in Grayson 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 Tom Bean'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 Tom Bean: rates range from $2,670.00 in 75491 to $4,425.00 in 75090, primarily due to differences in school district levies and local assessment districts.

If your estimate is higher than expected, Ownwell can appeal your Tom Bean assessment — you only pay if we save you money.

About Tom Bean Property Taxes

About Property Taxes in Tom Bean, Grayson, Texas

Tom Bean’s median effective property tax rate of 1.62% is higher than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Grayson County base levy combined with local school district levies and Municipal Utility Districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Tom Bean. Homeowners in the 75090 ZIP code carry a median effective rate of 1.94%, while those in 75489 pay 1.54%. This spread — 0.40 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Grayson County. Understanding which part of Tom Bean you live in can make a meaningful difference to your annual tax bill.

Tom Bean 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 Tom Bean, Grayson 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 Tom Bean'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 Tom Bean, Grayson County, Texas

Source: Ownwell

0.95%

1.62%

2.30%

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 Tom Bean Tax Rate

1.62%

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 Grayson County Tax Rate

1.71%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tom Bean, Grayson County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
750901.29%1.47%1.94%1.94%1.94%
754891.02%1.34%1.54%1.94%1.94%
754910.49%1.19%1.80%1.94%1.94%

Source: Ownwell

Property Tax Assessment Values Across Tom Bean, Grayson County, Texas

When examining property taxes in Tom Bean, 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 Grayson 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 Grayson 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. For Tom Bean homeowners, the median home price is $241,514, with a median tax bill of $3,860, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400. Tax bills range from $2,474 at the 25th percentile to $5,255 at the 75th percentile, and the highest median home price is $261,735 in 75489.

Property Tax Assessment Values Across Tom Bean, Grayson County, Texas

Source: Ownwell

$102,023

$374,861

$647,698

Median Tom Bean Market Value

$241,514

Median Grayson County Market Value

$221,021

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tom Bean, Grayson County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75090$221,650$229,549$242,516$291,807$319,624
75489$130,095$193,932$261,735$357,031$440,154
75491$29,870$62,415$165,688$299,858$405,367

Source: Ownwell

Property Tax Bills Across Tom Bean, Grayson County, Texas

Tom Bean property tax bills are based on the assessed value of a home and the local tax rates set by taxing authorities in Grayson County. When a home’s market value rises, the property tax bill can increase, even if the homeowner’s income does not. The median home price in Tom Bean is $241,514, and property tax bills vary widely across the area, with the 25th percentile at $2,474, the 75th percentile at $5,255, and the 90th percentile at $6,675. The highest median tax bill in the area is $4,425 in zip code 75090, while the lowest median tax bill is $2,670 in zip code 75491. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, homeowners here often face higher bills. Ownwell can help homeowners save by reviewing assessments, identifying opportunities for appeals, and pursuing exemptions that may lower property tax bills.

Property Tax Bills Across Tom Bean, Grayson County, Texas

Source: Ownwell

$1,447

$5,345

$9,242

Median Tom Bean Tax Bill

$3,860

Median Grayson County Tax Bill

$3,795

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Tom Bean, Grayson County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75090$3,255$4,006$4,425$5,060$6,217
75489$1,601$2,977$4,048$5,440$6,864
75491$232$731$2,670$4,439$5,808

Source: Ownwell

Don't miss the deadline to protest!

Frequently Asked Property Tax Questions in Tom Bean, Texas

How are property taxes calculated in Tom Bean, Texas?
Property taxes in Tom Bean, 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 Tom Bean, Texas?
To appeal your property taxes in Tom Bean, 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 Tom Bean, Texas?
Common property tax exemptions in Tom Bean, 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 Tom Bean, Texas?
Property tax deadlines in Tom Bean, 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 Tom Bean, Texas?
Ownwell provides professional property tax appeal services in Tom Bean, 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.