75440 Property Tax Rate

Property owners in ZIP code 75440 (Emory, Texas) pay a median of $2,745/year in property taxes on homes valued at $270,400. This translates to an effective tax rate of 1.02%, which is 25% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 75440 is approximately $229, which factors into escrow payments on mortgages. This ZIP code is located within Rains County. This is $386 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 75440 has higher property taxes. ZIP codes with similar effective rates include 78383 (1.01%) and 76366 (1.01%).

In Emory, property taxes represent approximately 4.2% of the median household income of $64,893, providing context for the relative tax burden on homeowners in this area.

Texas caps annual appraisal increases at 10% for homestead properties, but this cap only applies after you file a Homestead Exemption with the Rains County Appraisal District by April 30 in the year following your purchase. The exemption exempts a portion of your home's value (typically $25,000+) from school operating taxes, saving most Rains County homeowners $700–$1,400 annually. Contact the Rains County Appraisal District immediately after closing to request your Notice of Appraised Value, and file a protest by May 15 if the assessed value is higher than your actual purchase price.