37127 Property Tax Rate

Property owners in ZIP code 37127 (Murfreesboro, Tennessee) pay a median of $1,639/year in property taxes on homes valued at $329,300. This translates to an effective tax rate of 0.50%, which is 9% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37127 is approximately $137, which factors into escrow payments on mortgages. This ZIP code is located within Rutherford County. This is $433 more than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37127 has lower property taxes. ZIP codes with similar effective rates include 38462 (0.50%) and 37618 (0.50%).

In Murfreesboro, property taxes represent approximately 1.9% of the median household income of $85,947, providing context for the relative tax burden on homeowners in this area.

Rutherford County reassesses every four years without a statewide increase cap; your assessed value will be set at fair market value upon purchase and may change at the next four-year reassessment. Owner-occupied primary residences in Rutherford County receive a $25,000 homestead exemption — apply with the Rutherford County Assessor within 30 days of closing to reduce your taxable assessed value. File your homestead exemption application promptly with the Rutherford County Assessor and obtain confirmation before your first tax bill is mailed.