76255 Property Tax Rate

Property owners in ZIP code 76255 (Nocona, Texas) pay a median of $1,601/year in property taxes on homes valued at $158,400. This translates to an effective tax rate of 1.01%, which is 25% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 76255 is approximately $133, which factors into escrow payments on mortgages. This ZIP code is located within Montague County. This is $1,530 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 76255 has higher property taxes. ZIP codes with similar effective rates include 76877 (1.01%) and 77371 (1.01%).

In Nocona, property taxes represent approximately 2.9% of the median household income of $55,052, providing context for the relative tax burden on homeowners in this area.

Texas imposes no state income tax and caps annual homestead appraisal increases at 10%, but this protection only applies once you file — submit your Homestead Exemption application to the Montague County Appraisal District by April 30 of the year following purchase. The exemption removes a portion of your home's value from school and county taxes, saving most homeowners $400–$800 annually depending on taxing entities. Contact the Montague County Appraisal District immediately after closing to confirm your homestead status and review your appraised value notice.