75054 Property Tax Rate

Property owners in ZIP code 75054 (Grand Prairie, Texas) pay a median of $9,159/year in property taxes on homes valued at $445,500. This translates to an effective tax rate of 2.06%, which is 52% above the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 75054 is approximately $763, which factors into escrow payments on mortgages. This ZIP code is located within Tarrant County. This is $6,028 more than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 75054 has higher property taxes. ZIP codes with similar effective rates include 78215 (2.06%) and 79553 (2.05%).

In Grand Prairie, property taxes represent approximately 5.7% of the median household income of $161,715, providing context for the relative tax burden on homeowners in this area.

Texas imposes no state income tax, and your homestead property's appraised value is capped at a 10% annual increase — this cap applies only after you file a Homestead Exemption with the Tarrant Central Appraisal District. The exemption amount varies by taxing entity (school district, county, city), but typically reduces assessed value by $25,000–$40,000, saving most homeowners $400–$800/year. File your Homestead Exemption application with the Tarrant Central Appraisal District by April 30 of the year following your purchase to lock in the 10% cap for future years.