37308 Property Tax Rate

Property owners in ZIP code 37308 (Birchwood, Tennessee) pay a median of $1,059/year in property taxes on homes valued at $238,200. This translates to an effective tax rate of 0.44%, which is 19% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37308 is approximately $88, which factors into escrow payments on mortgages. This ZIP code is located within Hamilton County.

Compared to similar ZIP codes in Tennessee, 37308 has lower property taxes. ZIP codes with similar effective rates include 37861 (0.44%) and 37891 (0.44%).

In Birchwood, property taxes represent approximately 1.5% of the median household income of $69,398, providing context for the relative tax burden on homeowners in this area.

Tennessee property is reassessed with no state-mandated cap; the Hamilton County Assessor conducts periodic revaluations that can significantly raise your tax bill. Hamilton County residents 65+ or with disability should apply for the Homestead Exemption at the Hamilton County Assessor's office to lower taxable value and save hundreds annually. Obtain your assessment notice after closing and file an appeal with the Hamilton County Assessor within 30 days if you dispute the valuation.