38079 Property Tax Rate

Property owners in ZIP code 38079 (Tiptonville, Tennessee) pay a median of $839/year in property taxes on homes valued at $153,400. This translates to an effective tax rate of 0.55%, which is near the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38079 is approximately $70, which factors into escrow payments on mortgages. This ZIP code is located within Lake County. This is $367 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38079 has lower property taxes. ZIP codes with similar effective rates include 37890 (0.55%) and 37010 (0.55%).

In Tiptonville, property taxes represent approximately 2.9% of the median household income of $28,750, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap—expect the Lake County Assessor to reassess your property at current market value upon purchase. Apply for Lake County's homestead exemption for your primary residence immediately after closing with the Lake County Assessor's office. File the exemption application and request a written assessment notice showing both your assessed value and the homestead reduction amount for future reference.