76550 Property Tax Rate

Property owners in ZIP code 76550 (Lampasas, Texas) pay a median of $2,880/year in property taxes on homes valued at $237,600. This translates to an effective tax rate of 1.21%, which is 10% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 76550 is approximately $240, which factors into escrow payments on mortgages. This ZIP code is located within Lampasas County. This is $251 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 76550 has higher property taxes. ZIP codes with similar effective rates include 75021 (1.21%) and 75455 (1.21%).

In Lampasas, property taxes represent approximately 3.9% of the median household income of $73,697, providing context for the relative tax burden on homeowners in this area.

Texas imposes no state income tax but assesses property taxes at the local level; your Lampasas County Appraisal District will cap annual increases on your homestead at 10% once you file for the exemption. File your Homestead Exemption application with the Lampasas County Appraisal District by April 30 of the year following purchase to lock in the 10% annual cap and reduce your taxable value. Contact the Lampasas County Appraisal District immediately after closing to confirm your exemption eligibility and receive your exemption certificate.