38049 Property Tax Rate

Property owners in ZIP code 38049 (Mason, Tennessee) pay a median of $685/year in property taxes on homes valued at $149,500. This translates to an effective tax rate of 0.46%, which is 16% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38049 is approximately $57, which factors into escrow payments on mortgages. This ZIP code is located within Fayette County. This is $521 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38049 has lower property taxes. ZIP codes with similar effective rates include 37725 (0.46%) and 37110 (0.46%).

In Mason, property taxes represent approximately 1.2% of the median household income of $57,321, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap—expect reassessment to current market value when you buy, with the Fayette County Assessor establishing your new tax basis. Fayette County offers a homestead exemption for owner-occupied primary residences; apply with the Fayette County Assessor immediately after purchase to secure this exemption. Contact the Fayette County Assessor's office to confirm the homestead exemption amount and file your application before the county's deadline to avoid losing the exemption for the current year.