76642 Property Tax Rate

Property owners in ZIP code 76642 (Groesbeck, Texas) pay a median of $2,476/year in property taxes on homes valued at $188,800. 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 76642 is approximately $206, which factors into escrow payments on mortgages. This ZIP code is located within Limestone County. This is $655 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 76642 has lower property taxes. ZIP codes with similar effective rates include 77017 (1.31%) and 79086 (1.31%).

In Groesbeck, property taxes represent approximately 4.1% of the median household income of $60,186, providing context for the relative tax burden on homeowners in this area.

Texas homestead properties benefit from a 10% annual cap on assessed value growth, but you must file to receive it; Limestone County has among the lowest effective tax rates statewide. Submit your Homestead Exemption to the Limestone County Appraisal District by April 30 following purchase to lock in the cap and maximize your savings. Contact the Limestone County Appraisal District immediately after closing to file your exemption and avoid missing the deadline.