79407 Property Tax Rate

Property owners in ZIP code 79407 (Lubbock, Texas) pay a median of $2,884/year in property taxes on homes valued at $200,700. This translates to an effective tax rate of 1.44%, which is 6% above the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 79407 is approximately $240, which factors into escrow payments on mortgages. This ZIP code is located within Hockley County. This is $247 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 79407 has lower property taxes. ZIP codes with similar effective rates include 78753 (1.44%) and 77015 (1.44%).

In Lubbock, property taxes represent approximately 4.5% of the median household income of $64,778, providing context for the relative tax burden on homeowners in this area.

Texas homestead properties receive a 10% annual appraisal cap only after you file a Homestead Exemption with the Hockley County Appraisal District by April 30 in the year after purchase. The exemption removes a dollar amount of assessed value from school and other local taxes, saving most Hockley County homeowners $250–$700/year depending on school district and city participation. Apply for your Homestead Exemption with the Hockley County Appraisal District before April 30 and verify that both school and county taxes reflect the exemption.