37686 Property Tax Rate

Property owners in ZIP code 37686 (Piney Flats, Tennessee) pay a median of $1,416/year in property taxes on homes valued at $306,300. This translates to an effective tax rate of 0.46%, which is 16% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37686 is approximately $118, which factors into escrow payments on mortgages. This ZIP code is located within Sullivan County. This is $210 more than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37686 has higher property taxes. ZIP codes with similar effective rates include 37339 (0.46%) and 37036 (0.46%).

In Piney Flats, property taxes represent approximately 1.7% of the median household income of $84,894, providing context for the relative tax burden on homeowners in this area.

Tennessee imposes no statewide property tax cap; Sullivan County assessments are set by the county assessor and can rise annually. Sullivan County homeowners 65+ and disabled individuals should apply for the Homestead Exemption at the Sullivan County Assessor's office to lower assessed value and tax liability. After purchase, request your Notice of Assessment from the Sullivan County Assessor and file a formal appeal within 30 days if you dispute the valuation.