37764 Property Tax Rate

Property owners in ZIP code 37764 (Kodak, Tennessee) pay a median of $788/year in property taxes on homes valued at $226,200. 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 37764 is approximately $66, which factors into escrow payments on mortgages. This ZIP code is located within Sevier County. This is $418 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37764 has lower property taxes. ZIP codes with similar effective rates include 37866 (0.35%) and 37723 (0.35%).

In Kodak, property taxes represent approximately 1.1% of the median household income of $69,028, providing context for the relative tax burden on homeowners in this area.

Tennessee assesses property at 25% of market value with no state-mandated cap on annual increases, so Sevier County will reassess your home at the purchase price and adjust it annually without restriction. Sevier County provides a Homestead Exemption for seniors 65+ and disabled property owners that reduces the taxable assessed value — submit your application to the Sevier County Assessor with age or disability verification. Contact the Sevier County Assessor within 30 days of closing to request an assessment review and file your Homestead Exemption claim to lower your tax burden.