37321 Property Tax Rate

Property owners in ZIP code 37321 (Dayton, Tennessee) pay a median of $761/year in property taxes on homes valued at $168,000. This translates to an effective tax rate of 0.45%, which is 17% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37321 is approximately $63, which factors into escrow payments on mortgages. This ZIP code is located within Rhea County. This is $445 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37321 has higher property taxes. ZIP codes with similar effective rates include 37090 (0.45%) and 37187 (0.45%).

In Dayton, property taxes represent approximately 1.3% of the median household income of $59,182, providing context for the relative tax burden on homeowners in this area.

Tennessee permits unlimited assessment increases with no state cap; the Rhea County Assessor conducts revaluations that directly affect your tax bill. Rhea County residents 65+ and those certified disabled qualify for the Homestead Exemption—apply at the Rhea County Assessor's office to exempt a portion of assessed value. Verify your assessment within 30 days of closing and contact the Rhea County Assessor to file a protest if the valuation appears inflated.