76640 Property Tax Rate

Property owners in ZIP code 76640 (Elm Mott, Texas) pay a median of $1,479/year in property taxes on homes valued at $178,300. This translates to an effective tax rate of 0.83%, which is 39% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 76640 is approximately $123, which factors into escrow payments on mortgages. This ZIP code is located within McLennan County. This is $1,652 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 76640 has higher property taxes. ZIP codes with similar effective rates include 76671 (0.83%) and 75838 (0.83%).

In Elm Mott, property taxes represent approximately 2.4% of the median household income of $61,458, providing context for the relative tax burden on homeowners in this area.

Texas property taxes reset to market value at purchase but are then capped at 10% annual increases for homestead properties under state law. File your Homestead Exemption with the McLennan County Appraisal District by April 30 of the year following your purchase to activate the cap and reduce assessed value. Visit the McLennan County Appraisal District office or their website to submit your exemption application and verify the deadline for additional local exemptions.