37353 Property Tax Rate

Property owners in ZIP code 37353 (Mc Donald, Tennessee) pay a median of $1,000/year in property taxes on homes valued at $221,000. This translates to an effective tax rate of 0.45%, which is 17% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37353 is approximately $83, which factors into escrow payments on mortgages. This ZIP code is located within Bradley County. This is $206 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37353 has higher property taxes. ZIP codes with similar effective rates include 37187 (0.45%) and 37179 (0.45%).

In Mc Donald, property taxes represent approximately 1.5% of the median household income of $66,186, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap; Bradley County assessments are set by the county assessor and can rise annually. Senior homeowners (65+) and disabled individuals should file for the Homestead Exemption with the Bradley County Assessor to reduce taxable value and lower annual tax liability. After closing, obtain your Notice of Assessment from the Bradley County Assessor and file an appeal within 30 days if the assessed value exceeds fair market value.