77442 Property Tax Rate

Property owners in ZIP code 77442 (Garwood, Texas) pay a median of $2,478/year in property taxes on homes valued at $229,800. This translates to an effective tax rate of 1.08%, which is 20% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 77442 is approximately $207, which factors into escrow payments on mortgages. This ZIP code is located within Colorado County. This is $653 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 77442 has lower property taxes. ZIP codes with similar effective rates include 77951 (1.08%) and 75477 (1.08%).

In Garwood, property taxes represent approximately 3.8% of the median household income of $65,761, providing context for the relative tax burden on homeowners in this area.

Texas caps annual homestead appraisal increases at 10% once you file a Homestead Exemption with the Colorado County Appraisal District by April 30 of the year after purchase. The exemption reduces your taxable value for all taxing entities in the county, generating typical annual savings of $300–$700 for Colorado County homeowners. Contact the Colorado County Appraisal District immediately after closing to request the exemption form and confirm your eligibility.