37755 Property Tax Rate

Property owners in ZIP code 37755 (Helenwood, Tennessee) pay a median of $496/year in property taxes on homes valued at $111,300. This translates to an effective tax rate of 0.45%, which is 19% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37755 is approximately $41, which factors into escrow payments on mortgages. This ZIP code is located within Scott County. This is $710 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37755 has lower property taxes. ZIP codes with similar effective rates include 37020 (0.45%) and 37729 (0.45%).

In Helenwood, property taxes represent approximately 1.1% of the median household income of $46,563, providing context for the relative tax burden on homeowners in this area.

Tennessee assesses property at 25% of market value with no cap on annual increases, meaning Scott County will reassess your property at purchase price and may increase the valuation each year thereafter. Scott County offers a Homestead Exemption for seniors 65+ and disabled homeowners that reduces taxable assessed value — apply directly at the Scott County Assessor's office with age or disability documentation. File your exemption application immediately after closing and request a post-purchase assessment review from the Scott County Assessor to verify the sale price was correctly reflected in your new assessment.