38260 Property Tax Rate

Property owners in ZIP code 38260 (Troy, Tennessee) pay a median of $693/year in property taxes on homes valued at $117,100. This translates to an effective tax rate of 0.59%, which is 8% above the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38260 is approximately $58, which factors into escrow payments on mortgages. This ZIP code is located within Obion County. This is $513 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38260 has higher property taxes. ZIP codes with similar effective rates include 37873 (0.59%) and 37217 (0.59%).

In Troy, property taxes represent approximately 1.4% of the median household income of $49,336, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap—your property will be reassessed to current market value by the Obion County Assessor at purchase. Apply for Obion County's homestead exemption for primary residences immediately after closing with the Obion County Assessor's office. File your exemption application and request written confirmation of your assessed value and the homestead reduction amount applied to your account.