78055 Property Tax Rate

Property owners in ZIP code 78055 (Medina, Texas) pay a median of $2,731/year in property taxes on homes valued at $245,200. This translates to an effective tax rate of 1.11%, which is 18% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 78055 is approximately $228, which factors into escrow payments on mortgages. This ZIP code is located within Bandera County. This is $400 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 78055 has lower property taxes. ZIP codes with similar effective rates include 79257 (1.11%) and 79415 (1.11%).

In Medina, property taxes represent approximately 3.8% of the median household income of $71,635, providing context for the relative tax burden on homeowners in this area.

Texas has no state income tax and limits homestead appraised value growth to 10% annually after you file, but your property will reassess to market value at purchase. Apply for your Homestead Exemption with the Bandera County Appraisal District by April 30 of the following year to lock in the growth cap for school and county taxes. Request your Notice of Appraised Value from Bandera County Appraisal District immediately and file a formal appeal by May 15 if the value seems inconsistent with your purchase price.