37869 Property Tax Rate

Property owners in ZIP code 37869 (Sneedville, Tennessee) pay a median of $547/year in property taxes on homes valued at $125,800. This translates to an effective tax rate of 0.43%, which is 21% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37869 is approximately $46, which factors into escrow payments on mortgages. This ZIP code is located within Hancock County. This is $659 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37869 has higher property taxes. ZIP codes with similar effective rates include 37721 (0.43%) and 38313 (0.43%).

In Sneedville, property taxes represent approximately 1.6% of the median household income of $33,811, 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, so Hancock County will fully reassess your home at the purchase price and may adjust it annually without restriction. Hancock County provides a Homestead Exemption for seniors 65+ and disabled property owners that reduces the taxable assessed value — submit your application to the Hancock County Assessor with proof of age or disability status. Contact the Hancock County Assessor within 30 days of closing to request an assessment review and file your Homestead Exemption claim to minimize your tax liability.