75855 Property Tax Rate

Property owners in ZIP code 75855 (Oakwood, Texas) pay a median of $1,372/year in property taxes on homes valued at $164,300. This translates to an effective tax rate of 0.84%, which is 38% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 75855 is approximately $114, which factors into escrow payments on mortgages. This ZIP code is located within Leon County. This is $1,759 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 75855 has lower property taxes. ZIP codes with similar effective rates include 75752 (0.84%) and 78145 (0.84%).

In Oakwood, property taxes represent approximately 3.3% of the median household income of $42,100, providing context for the relative tax burden on homeowners in this area.

Texas homestead properties in Leon County are capped at 10% annual appraisal increases, but this protection only activates once you file an exemption application with the Leon County Appraisal District by April 30 of the tax year following purchase. Your homestead exemption removes a county-set amount of value from your tax bill, typically saving $600–$1,200 annually depending on local tax rates and exemption amounts. Visit the Leon County Appraisal District office or website within 30 days of closing to file your exemption and confirm your primary residence classification.