37309 Property Tax Rate

Property owners in ZIP code 37309 (Calhoun, Tennessee) pay a median of $515/year in property taxes on homes valued at $159,000. This translates to an effective tax rate of 0.32%, which is 41% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37309 is approximately $43, which factors into escrow payments on mortgages. This ZIP code is located within McMinn County. This is $691 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37309 has higher property taxes. ZIP codes with similar effective rates include 38556 (0.32%) and 37322 (0.33%).

In Calhoun, property taxes represent approximately 0.8% of the median household income of $63,245, providing context for the relative tax burden on homeowners in this area.

Tennessee does not cap annual assessment increases; your McMinn County property can be revalued upward without limitation. McMinn County offers a Homestead Exemption for seniors 65+ and disabled owners—file at the McMinn County Assessor's office to exempt a portion of your home's value from taxation. After purchase, request your official assessment from the McMinn County Assessor and note the 30-day appeal window to challenge any errors or overvaluation.