38301 Property Tax Rate

Property owners in ZIP code 38301 (Jackson, Tennessee) pay a median of $758/year in property taxes on homes valued at $119,400. This translates to an effective tax rate of 0.63%, which is 16% above the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38301 is approximately $63, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $448 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38301 has higher property taxes. ZIP codes with similar effective rates include 37205 (0.63%) and 37828 (0.64%).

In Jackson, property taxes represent approximately 1.9% of the median household income of $40,062, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap—the Madison County Assessor will reassess your property at market value upon purchase. Apply for Madison County's homestead exemption for primary residences immediately after closing with the Madison County Assessor's office. File your homestead application and request written notification of your assessed value and exemption reduction for your records.