37083 Property Tax Rate

Property owners in ZIP code 37083 (Lafayette, Tennessee) pay a median of $939/year in property taxes on homes valued at $231,400. This translates to an effective tax rate of 0.41%, which is 26% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37083 is approximately $78, which factors into escrow payments on mortgages. This ZIP code is located within Macon County. This is $267 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37083 has higher property taxes. ZIP codes with similar effective rates include 38457 (0.41%) and 37310 (0.40%).

In Lafayette, property taxes represent approximately 1.6% of the median household income of $60,215, providing context for the relative tax burden on homeowners in this area.

Macon County reassesses property every four years with no statewide cap; your assessed value resets to purchase price at sale and may change at the next reassessment cycle. Owner-occupied primary residences in Macon County qualify for a $25,000 homestead exemption — apply with the Macon County Assessor immediately after purchase to reduce your assessed value. File your homestead exemption application with the Macon County Assessor and request written confirmation that the exemption has been recorded before your first tax bill arrives.