37806 Property Tax Rate

Property owners in ZIP code 37806 (Mascot, Tennessee) pay a median of $779/year in property taxes on homes valued at $176,100. This translates to an effective tax rate of 0.44%, which is 19% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37806 is approximately $65, which factors into escrow payments on mortgages. This ZIP code is located within Knox County. This is $427 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37806 has lower property taxes. ZIP codes with similar effective rates include 37365 (0.44%) and 37031 (0.44%).

In Mascot, property taxes represent approximately 1.4% of the median household income of $56,076, 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 Knox County will reassess your home at the purchase price and adjust it annually based on market conditions. Knox County provides a Homestead Exemption for seniors 65+ and disabled property owners that reduces the taxable assessed value portion — submit your application to the Knox County Assessor with birth certificate or disability certification. Contact the Knox County Assessor within 30 days of closing to request an assessment review and file your Homestead Exemption claim to reduce your tax liability.