76554 Property Tax Rate

Property owners in ZIP code 76554 (Little River Academy, Texas) pay a median of $2,224/year in property taxes on homes valued at $162,400. This translates to an effective tax rate of 1.37%, which is near the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 76554 is approximately $185, which factors into escrow payments on mortgages. This ZIP code is located within Bell County. This is $907 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 76554 has higher property taxes. ZIP codes with similar effective rates include 78065 (1.37%) and 78226 (1.37%).

In Little River Academy, property taxes represent approximately 3.0% of the median household income of $73,558, providing context for the relative tax burden on homeowners in this area.

Texas caps annual appraisal increases at 10% for homestead properties, but this cap only applies once you file — submit your Homestead Exemption application to the Bell County Appraisal District by April 30 of the year following purchase. The exemption removes a portion of assessed value from school and county taxes, saving most homeowners $400–$700/year on a median $151,000 property. File your exemption with the Bell County Assessor right after closing and watch for your Notice of Appraised Value in January to verify the homestead cap is applied.