78942 Property Tax Rate

Property owners in ZIP code 78942 (Giddings, Texas) pay a median of $2,463/year in property taxes on homes valued at $235,600. This translates to an effective tax rate of 1.05%, which is 23% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 78942 is approximately $205, which factors into escrow payments on mortgages. This ZIP code is located within Lee County. This is $668 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 78942 has lower property taxes. ZIP codes with similar effective rates include 76092 (1.05%) and 76009 (1.05%).

In Giddings, property taxes represent approximately 4.1% of the median household income of $60,084, providing context for the relative tax burden on homeowners in this area.

Texas provides a 10% annual cap on homestead appraised value increases after filing, but your property reassesses to full market value upon purchase—apply for your Homestead Exemption with the Lee County Appraisal District by April 30 of the year following your closing. The exemption shields a portion of your home's value from school, county, and city levies, reducing annual taxes on a $142K home by $400–$800. Contact the Lee County Appraisal District upon taking title to confirm exemption eligibility and obtain your base year appraised value.