38063 Property Tax Rate

Property owners in ZIP code 38063 (Ripley, Tennessee) pay a median of $899/year in property taxes on homes valued at $137,600. This translates to an effective tax rate of 0.65%, which is 19% above the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38063 is approximately $75, which factors into escrow payments on mortgages. This ZIP code is located within Lauderdale County. This is $307 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38063 has higher property taxes. ZIP codes with similar effective rates include 38024 (0.65%) and 37178 (0.65%).

In Ripley, property taxes represent approximately 1.9% of the median household income of $48,578, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap—the Lauderdale County Assessor will reassess your property at purchase price, resulting in a new tax obligation. Apply for Lauderdale County's homestead exemption for primary residences immediately after closing with the county assessor's office. File your homestead application and request documentation of your assessed value and exemption amount; also ask the Lauderdale County Assessor about senior or disabled taxpayer relief programs.