76671 Property Tax Rate

Property owners in ZIP code 76671 (Morgan, Texas) pay a median of $1,689/year in property taxes on homes valued at $203,400. 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 76671 is approximately $141, which factors into escrow payments on mortgages. This ZIP code is located within Bosque County. This is $1,442 less than the Texas average of $3,131/year.

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

In Morgan, property taxes represent approximately 2.4% of the median household income of $69,054, providing context for the relative tax burden on homeowners in this area.

Texas applies a 10% annual cap to homestead property assessments, preventing rapid tax increases after you purchase in Bosque County. File your Homestead Exemption application with the Bosque County Appraisal District by April 30 of the year following purchase to activate this protection and reduce your taxable value. Confirm your exemption status with the Bosque County Appraisal District within 60 days of closing.