37342 Property Tax Rate

Property owners in ZIP code 37342 (Hillsboro, Tennessee) pay a median of $1,150/year in property taxes on homes valued at $223,900. This translates to an effective tax rate of 0.51%, which is 6% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37342 is approximately $96, which factors into escrow payments on mortgages. This ZIP code is located within Coffee County.

Compared to similar ZIP codes in Tennessee, 37342 has lower property taxes. ZIP codes with similar effective rates include 38390 (0.51%) and 37080 (0.51%).

In Hillsboro, property taxes represent approximately 1.8% of the median household income of $65,471, providing context for the relative tax burden on homeowners in this area.

Coffee County reassesses property every four years with no annual cap; your assessed value resets to fair market value at sale. The county grants a $25,000 homestead exemption for owner-occupied primary residences — file with the Coffee County Assessor immediately after purchase to ensure the exemption applies to your first tax bill. Contact the Coffee County Assessor to confirm your exemption status and review your assessment notice for accuracy within 30 days of receipt.