79343 Property Tax Rate

Property owners in ZIP code 79343 (Lorenzo, Texas) pay a median of $1,458/year in property taxes on homes valued at $123,200. This translates to an effective tax rate of 1.18%, which is 13% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 79343 is approximately $122, which factors into escrow payments on mortgages. This ZIP code is located within Crosby County. This is $1,673 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 79343 has lower property taxes. ZIP codes with similar effective rates include 77078 (1.18%) and 79772 (1.18%).

In Lorenzo, property taxes represent approximately 2.2% of the median household income of $67,596, providing context for the relative tax burden on homeowners in this area.

Texas imposes no state income tax and caps annual homestead appraisal increases at 10%, but this protection only applies once you file a Homestead Exemption with the Crosby County Appraisal District by April 30 of the year following purchase. The exemption removes a portion of assessed value from school and county taxes, typically saving homeowners $400–$800/year depending on local tax rates. Contact the Crosby County Appraisal District immediately after closing to file your exemption and review your Notice of Appraised Value each spring; protest by the May 15 deadline if the assessed value appears inflated.