75501 Property Tax Rate

Property owners in ZIP code 75501 (Texarkana, Texas) pay a median of $1,732/year in property taxes on homes valued at $125,700. This translates to an effective tax rate of 1.38%, which is near the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 75501 is approximately $144, which factors into escrow payments on mortgages. This ZIP code is located within Bowie County. This is $1,399 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 75501 has higher property taxes. ZIP codes with similar effective rates include 79707 (1.38%) and 75904 (1.38%).

In Texarkana, property taxes represent approximately 3.7% of the median household income of $46,782, providing context for the relative tax burden on homeowners in this area.

Texas caps annual homestead appraisal increases at 10% and provides an exemption from school operating taxes, but both require filing a Homestead Exemption application with the Bowie County Appraisal District by April 30 of the year after your purchase closes. The exemption typically removes $20,000–$25,000 of assessed value from school district taxes, saving most Bowie County homeowners $500–$1,000 annually. Retrieve your Notice of Appraised Value from the Bowie County Appraisal District shortly after closing and file a protest by May 15 if the appraised value does not reflect your actual purchase price.