37723 Property Tax Rate

Property owners in ZIP code 37723 (Crab Orchard, Tennessee) pay a median of $457/year in property taxes on homes valued at $130,300. This translates to an effective tax rate of 0.35%, which is 36% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37723 is approximately $38, which factors into escrow payments on mortgages. This ZIP code is located within Cumberland County. This is $749 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37723 has lower property taxes. ZIP codes with similar effective rates include 37356 (0.35%) and 38552 (0.35%).

In Crab Orchard, property taxes represent approximately 0.8% of the median household income of $59,028, 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, resulting in reassessment at sale and potential uncapped annual growth in Cumberland County tax bills. Cumberland County homeowners aged 65+ and disabled owners may claim a Homestead Exemption that reduces taxable assessed value — apply at the Cumberland County Assessor's office with age or disability verification. File your Homestead Exemption application at the Cumberland County Assessor immediately after closing and request a reassessment review to confirm the purchase price was correctly recorded.