75457 Property Tax Rate

Property owners in ZIP code 75457 (Mount Vernon, Texas) pay a median of $2,218/year in property taxes on homes valued at $242,000. This translates to an effective tax rate of 0.92%, which is 32% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 75457 is approximately $185, which factors into escrow payments on mortgages. This ZIP code is located within Franklin County. This is $913 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 75457 has higher property taxes. ZIP codes with similar effective rates include 79358 (0.92%) and 75974 (0.92%).

In Mount Vernon, property taxes represent approximately 3.2% of the median household income of $68,370, providing context for the relative tax burden on homeowners in this area.

Texas homestead properties benefit from a 10% annual cap on appraised value growth once you file your Homestead Exemption with the Franklin County Appraisal District by April 30 in the year following your home purchase. The exemption removes a portion of your home's assessed value from school taxes, delivering typical annual savings of $600–$1,200 for Franklin County homeowners. Contact the Franklin County Appraisal District as soon as you close to request your Notice of Appraised Value, and submit a protest by May 15 if the appraised value exceeds fair market value.