37034 Property Tax Rate

Property owners in ZIP code 37034 (Chapel Hill, Tennessee) pay a median of $1,427/year in property taxes on homes valued at $306,200. This translates to an effective tax rate of 0.47%, which is 15% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37034 is approximately $119, which factors into escrow payments on mortgages. This ZIP code is located within Marshall County. This is $221 more than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37034 has lower property taxes. ZIP codes with similar effective rates include 37327 (0.47%) and 37854 (0.47%).

In Chapel Hill, property taxes represent approximately 1.7% of the median household income of $84,906, providing context for the relative tax burden on homeowners in this area.

Tennessee law requires reassessment every four years in Marshall County without a statewide increase cap; your property will be assessed at market value when you buy. Marshall County homeowners qualify for a $25,000 homestead exemption on primary residences — apply with the Marshall County Assessor within 30 days of closing to reduce your taxable value. File your exemption application early with the Marshall County Assessor and request written confirmation that the exemption has been applied to your account.