37046 Property Tax Rate

Property owners in ZIP code 37046 (College Grove, Tennessee) pay a median of $2,866/year in property taxes on homes valued at $842,900. This translates to an effective tax rate of 0.34%, which is 38% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37046 is approximately $239, which factors into escrow payments on mortgages. This ZIP code is located within Williamson County. This is $1,660 more than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37046 has lower property taxes. ZIP codes with similar effective rates include 37333 (0.34%) and 37057 (0.34%).

In College Grove, property taxes represent approximately 1.8% of the median household income of $162,712, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax reassessment cap; properties are revalued every four years by the Williamson County Assessor, and your assessed value resets to fair market value at sale. Williamson County offers a homestead exemption of $25,000 off assessed value for primary residences — apply with the Williamson County Assessor's office after closing. Contact the Williamson County Assessor immediately after purchase to file for homestead exemption and confirm your base year value to avoid overpayment.