79701 Property Tax Rate

Property owners in ZIP code 79701 (Midland, Texas) pay a median of $2,120/year in property taxes on homes valued at $204,000. This translates to an effective tax rate of 1.04%, which is 23% below the Texas state average of 1.35%.

The monthly property tax burden for a median-valued home in 79701 is approximately $177, which factors into escrow payments on mortgages. This ZIP code is located within Midland County. This is $1,011 less than the Texas average of $3,131/year.

Compared to similar ZIP codes in Texas, 79701 has higher property taxes. ZIP codes with similar effective rates include 78124 (1.04%) and 77036 (1.04%).

In Midland, property taxes represent approximately 3.7% of the median household income of $57,679, providing context for the relative tax burden on homeowners in this area.

Texas applies no reassessment cap at sale, but homestead properties are protected by a 10% annual increase limit on appraised value once exemption is filed. Submit your Homestead Exemption application to the Midland County Appraisal District by April 30 following purchase to activate the growth cap and reduce your taxable value across school, county, and city jurisdictions. Review your Notice of Appraised Value each spring and file a written protest with the Midland County Appraisal District by May 15 if the value exceeds market conditions.