37385 Property Tax Rate

Property owners in ZIP code 37385 (Tellico Plains, Tennessee) pay a median of $740/year in property taxes on homes valued at $189,500. This translates to an effective tax rate of 0.39%, which is 29% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37385 is approximately $62, which factors into escrow payments on mortgages. This ZIP code is located within Monroe County. This is $466 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37385 has lower property taxes. ZIP codes with similar effective rates include 37014 (0.39%) and 37380 (0.39%).

In Tellico Plains, property taxes represent approximately 1.2% of the median household income of $59,824, providing context for the relative tax burden on homeowners in this area.

Tennessee permits unlimited annual reassessments with no state cap; Monroe County property can be revalued upward without limitation. Monroe County offers the Homestead Exemption for seniors 65+ and disabled homeowners—apply at the Monroe County Assessor's office to lower taxable value and save on annual taxes. After closing, request your assessment from the Monroe County Assessor and file a formal appeal within 30 days if the valuation seems inaccurate.