37640 Property Tax Rate

Property owners in ZIP code 37640 (Butler, Tennessee) pay a median of $598/year in property taxes on homes valued at $154,400. 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 37640 is approximately $50, which factors into escrow payments on mortgages. This ZIP code is located within Johnson County. This is $608 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37640 has lower property taxes. ZIP codes with similar effective rates include 38547 (0.39%) and 38321 (0.39%).

In Butler, property taxes represent approximately 1.3% of the median household income of $47,404, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap; Johnson County property can be reassessed upward without limitation. Johnson County residents 65+ and those with disabilities qualify for the Homestead Exemption—apply at the Johnson County Assessor's office to exempt a portion of assessed value. Request your assessment from the Johnson County Assessor after closing and file an appeal within 30 days if the valuation appears inaccurate or inflated.