37087 Property Tax Rate

Property owners in ZIP code 37087 (Lebanon, Tennessee) pay a median of $1,718/year in property taxes on homes valued at $359,900. This translates to an effective tax rate of 0.48%, which is 13% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37087 is approximately $143, which factors into escrow payments on mortgages. This ZIP code is located within Wilson County. This is $512 more than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37087 has lower property taxes. ZIP codes with similar effective rates include 38371 (0.48%) and 37062 (0.48%).

In Lebanon, property taxes represent approximately 2.1% of the median household income of $80,978, providing context for the relative tax burden on homeowners in this area.

Tennessee's four-year reassessment cycle means your property will be valued at market at purchase and re-evaluated every four years thereafter in Wilson County. Wilson County offers a $25,000 homestead exemption for primary residences — submit your application to the Wilson County Assessor's office promptly after closing. Request a copy of your Notification of Assessed Value from the Wilson County Assessor and verify the assessed amount reflects your purchase price before the appeal deadline passes.