37657 Property Tax Rate

Property owners in ZIP code 37657 (Flag Pond, Tennessee) pay a median of $911/year in property taxes on homes valued at $214,200. 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 37657 is approximately $76, which factors into escrow payments on mortgages. This ZIP code is located within Unicoi County. This is $295 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37657 has higher property taxes. ZIP codes with similar effective rates include 37303 (0.43%) and 37769 (0.42%).

In Flag Pond, property taxes represent approximately 1.3% of the median household income of $71,581, providing context for the relative tax burden on homeowners in this area.

Tennessee assesses property at 25% of market value with no statewide cap on annual increases, so your assessed value may rise significantly after purchase and each year thereafter based on Unicoi County Assessor revaluations. Unicoi County residents aged 65+ and disabled homeowners qualify for a Homestead Exemption that reduces taxable assessed value — apply through the Unicoi County Assessor's office with proof of age or disability status. File your exemption claim immediately upon closing and request a reassessment review to ensure the sale price was properly reflected in the county records.