37643 Property Tax Rate

Property owners in ZIP code 37643 (Elizabethton, Tennessee) pay a median of $869/year in property taxes on homes valued at $156,200. This translates to an effective tax rate of 0.56%, which is near the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37643 is approximately $72, which factors into escrow payments on mortgages. This ZIP code is located within Carter County. This is $337 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37643 has lower property taxes. ZIP codes with similar effective rates include 37408 (0.56%) and 38006 (0.56%).

In Elizabethton, property taxes represent approximately 1.7% of the median household income of $50,455, providing context for the relative tax burden on homeowners in this area.

Tennessee has no state income tax and assesses property at 25% of market value, with no statewide cap on annual increases — reassessment occurs at sale and annually thereafter based on the Carter County Assessor's valuation. Carter County offers a Homestead Exemption for seniors 65+ and disabled owners that reduces assessed value; contact the Carter County Assessor's office to verify eligibility and file your exemption application. After closing, request a property assessment review from the Carter County Assessor to confirm the sale price was recorded correctly and appeal within 30 days if the new assessment appears inflated.