75414 Property Tax Rate

Property owners in ZIP code 75414 (Bells, Texas) pay a median of $2,614/year in property taxes on homes valued at $223,100. This translates to an effective tax rate of 1.17%, which is 13% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 75414 is approximately $218, which factors into escrow payments on mortgages. This ZIP code is located within Grayson County. This is $517 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 75414 has lower property taxes. ZIP codes with similar effective rates include 76234 (1.17%) and 76271 (1.17%).

In Bells, property taxes represent approximately 3.1% of the median household income of $84,685, 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 Grayson 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 Grayson Central Appraisal District by April 30 of the year following your purchase to lock in the 10% cap for future years.