37347 Property Tax Rate

Property owners in ZIP code 37347 (Jasper, Tennessee) pay a median of $807/year in property taxes on homes valued at $141,600. This translates to an effective tax rate of 0.57%, which is 4% above the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37347 is approximately $67, which factors into escrow payments on mortgages. This ZIP code is located within Marion County. This is $399 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37347 has higher property taxes. ZIP codes with similar effective rates include 37804 (0.57%) and 37033 (0.57%).

In Jasper, property taxes represent approximately 1.4% of the median household income of $57,854, providing context for the relative tax burden on homeowners in this area.

Tennessee allows unlimited reassessment without state caps; Marion County property valuations can increase at each cycle. Marion County residents 65+ and certified disabled persons should apply for the Homestead Exemption at the Marion County Assessor's office to exempt a portion of assessed value. After closing, obtain your Notice of Assessment from the Marion County Assessor and file an appeal within 30 days if you believe the valuation is inflated.