75503 Property Tax Rate

Property owners in ZIP code 75503 (Texarkana, Texas) pay a median of $3,201/year in property taxes on homes valued at $214,400. This translates to an effective tax rate of 1.49%, which is 10% above the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 75503 is approximately $267, which factors into escrow payments on mortgages. This ZIP code is located within Bowie County.

Compared to similar ZIP codes in Texas, 75503 has lower property taxes. ZIP codes with similar effective rates include 75119 (1.49%) and 78749 (1.49%).

In Texarkana, property taxes represent approximately 4.7% of the median household income of $67,733, 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.