37397 Property Tax Rate

Property owners in ZIP code 37397 (Whitwell, Tennessee) pay a median of $690/year in property taxes on homes valued at $160,700. This translates to an effective tax rate of 0.43%, which is 22% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37397 is approximately $58, which factors into escrow payments on mortgages. This ZIP code is located within Marion County. This is $516 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37397 has lower property taxes. ZIP codes with similar effective rates include 37765 (0.43%) and 38459 (0.43%).

In Whitwell, property taxes represent approximately 1.2% of the median household income of $55,776, 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.