37040 Property Tax Rate

Property owners in ZIP code 37040 (Clarksville, Tennessee) pay a median of $1,604/year in property taxes on homes valued at $242,400. This translates to an effective tax rate of 0.66%, which is 21% above the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37040 is approximately $134, which factors into escrow payments on mortgages. This ZIP code is located within Montgomery County. This is $398 more than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37040 has higher property taxes. ZIP codes with similar effective rates include 38569 (0.66%) and 37216 (0.66%).

In Clarksville, property taxes represent approximately 2.5% of the median household income of $65,331, providing context for the relative tax burden on homeowners in this area.

Montgomery County reassesses property every four years with no statewide cap; your assessed value resets to purchase price at sale and is subject to revaluation at the next four-year cycle. Primary residence owners in Montgomery County qualify for a $25,000 homestead exemption — submit your application to the Montgomery County Assessor immediately after closing to lower your tax base. Contact the Montgomery County Assessor to confirm your exemption filing and request an amended assessment if your initial bill does not reflect the homestead deduction.