79373 Property Tax Rate

Property owners in ZIP code 79373 (Tahoka, Texas) pay a median of $2,391/year in property taxes on homes valued at $121,300. This translates to an effective tax rate of 1.97%, which is 46% above the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 79373 is approximately $199, which factors into escrow payments on mortgages. This ZIP code is located within Lynn County. This is $740 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 79373 has higher property taxes. ZIP codes with similar effective rates include 77396 (1.97%) and 78557 (1.97%).

In Tahoka, property taxes represent approximately 4.3% of the median household income of $56,182, providing context for the relative tax burden on homeowners in this area.

Texas has no state income tax and caps annual homestead appraisal increases at 10%, effective only after filing a Homestead Exemption with the Lynn County Appraisal District by April 30 in the year following purchase. The exemption removes a portion of assessed value from school and county taxes, saving most Lynn County homeowners $900–$1,400/year. File your Homestead Exemption application with the Lynn County Appraisal District before April 30 and obtain a copy of your appraised value notice; submit a written protest by May 15 if the appraised value exceeds fair market value.