79378 Property Tax Rate

Property owners in ZIP code 79378 (Wellman, Texas) pay a median of $2,739/year in property taxes on homes valued at $143,500. This translates to an effective tax rate of 1.91%, which is 41% above the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 79378 is approximately $228, which factors into escrow payments on mortgages. This ZIP code is located within Terry County. This is $392 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 79378 has higher property taxes. ZIP codes with similar effective rates include 78610 (1.91%) and 76360 (1.91%).

In Wellman, property taxes represent approximately 2.5% of the median household income of $111,250, providing context for the relative tax burden on homeowners in this area.

Texas protects homestead properties with a 10% annual appraisal cap, effective only after you file a Homestead Exemption with the Terry County Appraisal District by April 30 of the year following closing. The exemption removes a set amount of assessed value from school and county taxes, saving most Terry County homeowners $300–$800/year. File your Homestead Exemption application with the Terry County Appraisal District before April 30 and request a property tax projection showing the exemption's annual savings.