37656 Property Tax Rate

Property owners in ZIP code 37656 (Fall Branch, Tennessee) pay a median of $915/year in property taxes on homes valued at $231,900. This translates to an effective tax rate of 0.39%, which is 28% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37656 is approximately $76, which factors into escrow payments on mortgages. This ZIP code is located within Washington County. This is $291 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37656 has lower property taxes. ZIP codes with similar effective rates include 38573 (0.39%) and 38582 (0.40%).

In Fall Branch, property taxes represent approximately 1.4% of the median household income of $65,731, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap; Washington County assessments can increase annually without limitation. Senior homeowners (65+) and those with disabilities in Washington County should apply for the Homestead Exemption at the Washington County Assessor's office to exempt a portion of assessed value. Request your official assessment from the Washington County Assessor after purchase and file an appeal within 30 days if you believe the value is overstated.