76450 Property Tax Rate

Property owners in ZIP code 76450 (Graham, Texas) pay a median of $2,464/year in property taxes on homes valued at $187,700. This translates to an effective tax rate of 1.31%, which is 3% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 76450 is approximately $205, which factors into escrow payments on mortgages. This ZIP code is located within Young County. This is $667 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 76450 has higher property taxes. ZIP codes with similar effective rates include 79412 (1.31%) and 77484 (1.31%).

In Graham, property taxes represent approximately 3.7% of the median household income of $67,076, providing context for the relative tax burden on homeowners in this area.

Texas implements a 10% annual cap on homestead appraisal increases and imposes no state income tax, but the Homestead Exemption must be filed with the Young County Appraisal District by April 30 to activate. Your exemption removes a portion of your home's assessed value from school, county, and city tax computations, typically saving $350–$700 annually. File your Homestead Exemption with the Young County Appraisal District by April 30 of the year following your purchase and request a written appraisal review if your assessed value increases exceed 10% in any year.