37338 Property Tax Rate

Property owners in ZIP code 37338 (Graysville, Tennessee) pay a median of $760/year in property taxes on homes valued at $121,900. This translates to an effective tax rate of 0.62%, which is 14% above the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37338 is approximately $63, which factors into escrow payments on mortgages. This ZIP code is located within Bledsoe County. This is $446 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37338 has lower property taxes. ZIP codes with similar effective rates include 38326 (0.62%) and 37013 (0.63%).

In Graysville, property taxes represent approximately 2.0% of the median household income of $38,111, providing context for the relative tax burden on homeowners in this area.

Tennessee imposes no statewide property tax cap; Bledsoe County assessments are subject to unlimited annual increases. Senior homeowners (65+) and those with disabilities in Bledsoe County are eligible for the Homestead Exemption—apply at the Bledsoe County Assessor's office to reduce taxable value. Request your assessment from the Bledsoe County Assessor after purchase and file a formal appeal within 30 days if the value appears inaccurate or excessive.