79416 Property Tax Rate

Property owners in ZIP code 79416 (Lubbock, Texas) pay a median of $3,362/year in property taxes on homes valued at $196,900. This translates to an effective tax rate of 1.71%, which is 26% above the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 79416 is approximately $280, which factors into escrow payments on mortgages. This ZIP code is located within Lubbock County. This is $231 more than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 79416 has higher property taxes. ZIP codes with similar effective rates include 76052 (1.71%) and 79423 (1.71%).

In Lubbock, property taxes represent approximately 5.2% of the median household income of $65,200, providing context for the relative tax burden on homeowners in this area.

Texas does not levy state income tax and caps annual homestead appraisal increases at 10%, but this protection requires filing a Homestead Exemption with the Lubbock County Appraisal District by April 30 following your purchase. The exemption exempts a portion of your home's value from school operating taxes and local taxing entity taxes, saving most Lubbock County homeowners $900–$1,500/year. Submit your Homestead Exemption application to the Lubbock County Appraisal District before April 30 and check your appraised value each spring; file a formal protest by May 15 if the appraisal exceeds market value.