37328 Property Tax Rate

Property owners in ZIP code 37328 (Elora, Tennessee) pay a median of $789/year in property taxes on homes valued at $141,600. This translates to an effective tax rate of 0.56%, which is near the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37328 is approximately $66, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $417 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37328 has lower property taxes. ZIP codes with similar effective rates include 37408 (0.56%) and 37886 (0.56%).

Tennessee has no statewide property tax cap; assessments are set by the Lincoln County Assessor and can increase annually without limitation. Lincoln County offers a Homestead Exemption for seniors 65+ and disabled homeowners—contact the Lincoln County Assessor's office to confirm your eligibility and file before the county's deadline. Request a copy of your assessment immediately after closing to verify accuracy, and note the appeal deadline (typically within 30 days of the assessment notice) with the Lincoln County Assessor.