37846 Property Tax Rate

Property owners in ZIP code 37846 (Philadelphia, Tennessee) pay a median of $878/year in property taxes on homes valued at $200,000. This translates to an effective tax rate of 0.44%, which is 20% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37846 is approximately $73, which factors into escrow payments on mortgages. This ZIP code is located within Loudon County. This is $328 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37846 has lower property taxes. ZIP codes with similar effective rates include 38224 (0.44%) and 38348 (0.44%).

In Philadelphia, property taxes represent approximately 1.2% of the median household income of $71,147, 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 Loudon County will fully reassess your property at purchase price and may increase taxes annually. Loudon County homeowners aged 65+ and those with disabilities may claim a Homestead Exemption that reduces taxable assessed value — apply at the Loudon County Assessor's office with proof of age or disability status. File your exemption application at the Loudon County Assessor immediately after closing and request a reassessment review to ensure the purchase price was recorded correctly.