37877 Property Tax Rate

Property owners in ZIP code 37877 (Talbott, Tennessee) pay a median of $824/year in property taxes on homes valued at $214,400. This translates to an effective tax rate of 0.38%, which is 30% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37877 is approximately $69, which factors into escrow payments on mortgages. This ZIP code is located within Jefferson County. This is $382 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37877 has higher property taxes. ZIP codes with similar effective rates include 37819 (0.38%) and 37860 (0.38%).

In Talbott, property taxes represent approximately 1.1% of the median household income of $76,191, 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, so Jefferson County will reassess your property at the purchase price and your taxes may rise annually without limit. Jefferson County residents aged 65+ and those with disabilities qualify for a Homestead Exemption that reduces taxable assessed value — submit your application to the Jefferson County Assessor with proof of age or disability status. Contact the Jefferson County Assessor within 30 days of your closing to request an assessment review and file your Homestead Exemption claim if eligible.