37356 Property Tax Rate

Property owners in ZIP code 37356 (Monteagle, Tennessee) pay a median of $979/year in property taxes on homes valued at $278,900. This translates to an effective tax rate of 0.35%, which is 36% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37356 is approximately $82, which factors into escrow payments on mortgages. This ZIP code is located within Marion County. This is $227 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37356 has lower property taxes. ZIP codes with similar effective rates include 37723 (0.35%) and 38552 (0.35%).

In Monteagle, property taxes represent approximately 1.8% of the median household income of $53,792, 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.