How are property tax rates determined in Texas?

Property tax rates in Texas are set by each taxing district (municipality, school district, park district, library, etc.) based on their annual levy (the amount of tax revenue they need). The rate is calculated by dividing the levy by the total assessed value of all property in the district.

What is the composite tax rate?

The composite tax rate is the sum of all overlapping taxing district rates that apply to a specific property. A typical property may be taxed by several overlapping districts. The composite rate determines your total tax bill when multiplied by your property's assessed value.

Why do tax rates vary within the same town?

Properties within the same municipality can have different composite rates because overlapping districts (school, park, fire, library) have different boundaries. A home in one school district may have a different rate than a home two blocks away in a different school district.

Bailey, TX Property Tax Rate 2026 — Full Breakdown by District

Showing latest tax year with year-over-year changes. Full rate history available with a paid plan. View plans →

Property Tax — Tax Year 2025 (payable 2026)i

TX Comptroller

Composite Ratei

1.28%–1.82%-4%YoY

Varies by school district

Municipal Portioni

0.2257%-2%YoY14.5% of total

Effective Ratei

1.28%–1.82%

Est. Annual Taxi

$2K–$2K

Median Home Valuei

$118,400

Total Leviedi

$58.9M

Tax Per Capitai

$162

Rate varies by school district. Your actual rate depends on which school district your property falls in.

Rate Trend — click a year to explorei

20242025

Municipal

Other Districts

Where Your Tax Dollar Goesi

$0.80 Blue Ridge ISD

$0.79 Leonard ISD

$0.78 Trenton ISD

$0.65 Bonham ISD

$0.63 Whitewright ISD

$0.60 Wolfe City ISD

$0.57 Ector ISD

$0.56 Honey Grove ISD

$0.55 Sam Rayburn ISD

$0.53 North Lamar ISD

$0.51 Fannindel ISD

$0.49 Dodd City ISD

$0.46 Savoy ISD

$0.23 Fannin County

$0.14 City of Bailey

Estimated Tax by Home Valuei

$50K

$642–$911

$100K

$1,283–$1,821

$150K

$1,925–$2,732

$200K

$2,567–$3,643

$250K

$3,208–$4,553

$300K

$3,850–$5,464

$350K

$4,492–$6,375

Highlighted value is closest to median home value ($118K)

15 Overlapping Taxing Districtsi

Blue Ridge ISDUnit K-12i

80.2%1.2452%

$160K levied

Leonard ISDUnit K-12i

78.9%1.2252%

$4.8M levied

Trenton ISDUnit K-12i

77.8%1.2072%

$6.1M levied

Bonham ISDUnit K-12i

65%1.0088%

$16.1M levied

Whitewright ISDUnit K-12i

63%0.9781%

$656K levied

Wolfe City ISDUnit K-12i

60.5%0.9396%

$127K levied

Ector ISDUnit K-12i

56.8%0.8819%

$1.1M levied

Honey Grove ISDUnit K-12i

55.8%0.8662%

$4.2M levied

Sam Rayburn ISDUnit K-12i

54.7%0.8487%

$2.1M levied

North Lamar ISDUnit K-12i

52.6%0.8169%

$13K levied

Fannindel ISDUnit K-12i

51.2%0.7952%

$845K levied

Dodd City ISDUnit K-12i

49.5%0.7689%

$1.7M levied

Savoy ISDUnit K-12i

45.6%0.7072%

$2.2M levied

Fannin Countyi

22.6%0.3503%

$18.8M levied

City of Baileyi

14.5%0.2257%

$32K levied