37331 Property Tax Rate

Property owners in ZIP code 37331 (Etowah, Tennessee) pay a median of $633/year in property taxes on homes valued at $171,000. This translates to an effective tax rate of 0.37%, which is 32% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37331 is approximately $53, which factors into escrow payments on mortgages. This ZIP code is located within McMinn County. This is $573 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37331 has lower property taxes. ZIP codes with similar effective rates include 38553 (0.37%) and 38453 (0.37%).

In Etowah, property taxes represent approximately 1.1% of the median household income of $56,484, 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.