Property Tax & Income in Grayson County, Texas
Grayson County has an effective property tax rate of 1.27%. On the median home value of $248,400, that's roughly $3,146 per year. Median household income is $72,182.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Grayson County | Texas (state context) |
|---|---|---|
| Effective property tax rate1 | 1.27% | 1.18% |
| Median home value1 | $248,400 | — |
| State income tax3 | No state income tax | No state income tax |
| State sales tax3 | 8.20% combined | 8.20% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Grayson County, TX
In Grayson County, Texas, the median home value of $248,400 carries an annual property tax bill of about $3,146, based on an effective rate of 1.267%. That rate sits above Texas's statewide median of 1.183% and ranks 100th among the state's 250 counties, so buyers here should expect to pay somewhat more than many other Texans. Nationally, the gap is wider still: the U.S. median effective rate is 0.794%, well below what Grayson County homeowners owe. Households earning the median income of $72,182 would devote roughly 4.4% of that to property taxes, while per-capita income stands at $38,174. Sherman, the county's largest city, anchors much of the local housing market. For anyone weighing a move, the tradeoff is clear: home prices remain below many major metros, but the tax rate runs higher than both the state and national benchmarks.