37694 Property Tax Rate

Property owners in ZIP code 37694 (Watauga, Tennessee) pay a median of $832/year in property taxes on homes valued at $166,300. This translates to an effective tax rate of 0.50%, which is 9% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37694 is approximately $69, which factors into escrow payments on mortgages. This ZIP code is located within Carter County. This is $374 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37694 has higher property taxes. ZIP codes with similar effective rates include 37326 (0.50%) and 38452 (0.50%).

In Watauga, property taxes represent approximately 1.4% of the median household income of $60,125, 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.