Rate Breakdown

Property taxes in Grayson County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Grayson County

Property taxes in Grayson County are based on the assessed value of your property and the combined tax rates (millage rates) set by local taxing entities, including the county, school districts, cities, and special districts. The process involves:

• Assessment: The Grayson Central Appraisal District (GCAD) determines the market value of your property annually as of January 1st.
• Tax Rates: Rates are set by each taxing entity in the fall, expressed as a per-$100 valuation (e.g., $0.50 per $100). The total rate is the sum of all applicable rates.
• Tax Calculation: Multiply your assessed value (minus exemptions) by the total tax rate to estimate your annual tax bill.

Available Exemptions

Texas offers several property tax exemptions to reduce taxable value. Grayson County residents may qualify for:

• Homestead Exemption: Primary homeowners can deduct a portion of their home’s value from school district taxes (up to $40,000) and other local taxes.
• Senior Exemption (65+): Additional school tax freeze and potential county tax reductions for seniors.
• Disability Exemption: Similar benefits as the senior exemption for disabled homeowners.
• Veteran Exemptions: Partial exemptions for disabled veterans (10-100% disability) and surviving spouses.

Apply through the GCAD with proof of eligibility (e.g., ID, disability documentation).

Payment Schedule & Deadlines

Grayson County property taxes are due annually, with the following key dates:

• Bill Issuance: Tax bills are mailed in October.
• Deadline: Full payment is due by January 31st of the following year.
• Installments: Homeowners 65+ or with disabilities may pay in four installments (Jan. 31, March 31, May 31, and July 31) without penalty.
• Late Payments: Penalties accrue at 6% in February and an additional 1% per month thereafter. Delinquent accounts may face legal action or foreclosure.

Appealing Your Assessment

If you believe your property is overvalued, follow these steps to appeal:

• File a Protest: Submit a written protest to the GCAD by May 15th (or 30 days after the appraisal notice is mailed).
• Evidence: Provide comparable sales, photos of damage, or appraisal reports to support your claim.
• Hearing: Present your case to the Appraisal Review Board (ARB), which will issue a decision.
• Further Appeals: If dissatisfied, you may file a lawsuit or request binding arbitration (for properties under $5M in value).

Consult the GCAD website or a local tax professional for detailed guidance.