38237 Property Tax Rate

Property owners in ZIP code 38237 (Martin, Tennessee) pay a median of $919/year in property taxes on homes valued at $194,100. This translates to an effective tax rate of 0.47%, which is 14% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38237 is approximately $77, which factors into escrow payments on mortgages. This ZIP code is located within Weakley County. This is $287 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38237 has higher property taxes. ZIP codes with similar effective rates include 37745 (0.47%) and 37825 (0.47%).

In Martin, property taxes represent approximately 1.9% of the median household income of $49,301, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap—the Weakley County Assessor will reassess your property at market value upon purchase. Weakley County offers a homestead exemption for owner-occupied primary residences; file your application with the Weakley County Assessor within 30 days of closing. Contact the Weakley County Assessor's office to submit your homestead exemption application and verify that the exemption is properly recorded on the tax rolls.