37031 Property Tax Rate

Property owners in ZIP code 37031 (Castalian Springs, Tennessee) pay a median of $1,340/year in property taxes on homes valued at $303,200. This translates to an effective tax rate of 0.44%, which is 19% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37031 is approximately $112, which factors into escrow payments on mortgages. This ZIP code is located within Sumner County.

Compared to similar ZIP codes in Tennessee, 37031 has lower property taxes. ZIP codes with similar effective rates include 37806 (0.44%) and 37365 (0.44%).

In Castalian Springs, property taxes represent approximately 1.6% of the median household income of $86,380, providing context for the relative tax burden on homeowners in this area.

Sumner County reassesses every four years without a statutory cap on annual increases; your home's assessed value will be set at fair market value when you purchase. Primary residence owners qualify for a $25,000 homestead exemption in Sumner County — apply with the Sumner County Assessor within 30 days of closing to reduce your taxable base. Verify with the Sumner County Assessor that your exemption was recorded before your first tax bill arrives and request an amended assessment if needed.