37687 Property Tax Rate

Property owners in ZIP code 37687 (Roan Mountain, Tennessee) pay a median of $721/year in property taxes on homes valued at $148,000. This translates to an effective tax rate of 0.49%, which is 11% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37687 is approximately $60, which factors into escrow payments on mortgages. This ZIP code is located within Carter County. This is $485 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37687 has higher property taxes. ZIP codes with similar effective rates include 37870 (0.49%) and 38069 (0.49%).

In Roan Mountain, property taxes represent approximately 1.6% of the median household income of $45,660, 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.