78940 Property Tax Rate

Property owners in ZIP code 78940 (Fayetteville, Texas) pay a median of $2,231/year in property taxes on homes valued at $256,900. This translates to an effective tax rate of 0.87%, which is 36% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 78940 is approximately $186, which factors into escrow payments on mortgages. This ZIP code is located within Fayette County. This is $900 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 78940 has higher property taxes. ZIP codes with similar effective rates include 77837 (0.87%) and 79504 (0.87%).

In Fayetteville, property taxes represent approximately 2.5% of the median household income of $90,431, providing context for the relative tax burden on homeowners in this area.

Texas caps annual homestead appraisal increases at 10% regardless of market appreciation, protecting you from sudden tax jumps. Fayette County provides a homestead exemption reducing assessed value for primary residences — submit your exemption application to the Fayette County Appraisal District by April 30 following your purchase. File your homestead claim within 30 days of closing and request a copy of your appraisal roll entry to verify the exemption was applied before the next tax year.