37726 Property Tax Rate

Property owners in ZIP code 37726 (Deer Lodge, Tennessee) pay a median of $713/year in property taxes on homes valued at $166,500. 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 37726 is approximately $59, which factors into escrow payments on mortgages. This ZIP code is located within Morgan County. This is $493 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37726 has higher property taxes. ZIP codes with similar effective rates include 37135 (0.43%) and 37722 (0.43%).

In Deer Lodge, property taxes represent approximately 1.2% of the median household income of $58,750, 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, meaning Morgan County will fully reassess your home at purchase price and may increase it annually based on the assessor's valuation. Morgan County offers a Homestead Exemption for seniors 65+ and disabled homeowners that reduces the taxable assessed value — apply at the Morgan County Assessor's office with birth certificate or disability documentation. File your exemption application immediately after closing and request a post-purchase assessment review from the Morgan County Assessor to verify accuracy.