38044 Property Tax Rate

Property owners in ZIP code 38044 (Hornsby, Tennessee) pay a median of $546/year in property taxes on homes valued at $225,000. This translates to an effective tax rate of 0.24%, which is 56% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38044 is approximately $46, which factors into escrow payments on mortgages. This ZIP code is located within Hardeman County. This is $660 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38044 has higher property taxes. ZIP codes with similar effective rates include 37394 (0.24%) and 37374 (0.25%).

In Hornsby, property taxes represent approximately 1.3% of the median household income of $41,196, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap—your property will be reassessed at purchase price by the Hardeman County Assessor, potentially increasing your tax bill significantly. Hardeman County offers a homestead exemption for owner-occupied primary residences; apply with the Hardeman County Assessor's office as soon as you close to secure this tax reduction. Contact the Hardeman County Assessor to confirm eligibility requirements, exemption amount, and filing deadlines for your specific situation.