37098 Property Tax Rate

Property owners in ZIP code 37098 (Lyles, Tennessee) pay a median of $1,100/year in property taxes on homes valued at $202,300. This translates to an effective tax rate of 0.54%, which is near the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37098 is approximately $92, which factors into escrow payments on mortgages. This ZIP code is located within Hickman County.

Compared to similar ZIP codes in Tennessee, 37098 has lower property taxes. ZIP codes with similar effective rates include 37841 (0.54%) and 37086 (0.54%).

In Lyles, property taxes represent approximately 2.0% of the median household income of $53,902, providing context for the relative tax burden on homeowners in this area.

Hickman County reassesses property every four years without a statewide increase limitation; your assessed value will be set at fair market value when you buy and revalued at the next four-year cycle. Homeowners in Hickman County with owner-occupied primary residences receive a $25,000 homestead exemption — submit your application to the Hickman County Assessor within 30 days of closing. Obtain written confirmation from the Hickman County Assessor that your homestead exemption has been recorded and applied to your assessment.