ZIP Code 74360

Households in ZIP code 74360, near Commerce, keep a larger share of their earnings than many places allow, since the county-level property tax rate comes to 0.62% of assessed value. Combined with a sales tax of 5.85%, the overall tax load stays contained whether a family is buying goods locally or paying on a home. That balance between what people earn, what they pay for housing, and what they hand over at the register shapes day-to-day finances here. A homeowner's annual property tax bill depends on assessed value, but the rate itself sits well below what higher-tax regions charge.