38321 Property Tax Rate

Property owners in ZIP code 38321 (Cedar Grove, Tennessee) pay a median of $485/year in property taxes on homes valued at $125,000. This translates to an effective tax rate of 0.39%, which is 29% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38321 is approximately $40, which factors into escrow payments on mortgages. This ZIP code is located within Carroll County. This is $721 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38321 has lower property taxes. ZIP codes with similar effective rates include 38361 (0.39%) and 37640 (0.39%).

In Cedar Grove, property taxes represent approximately 0.8% of the median household income of $62,269, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap—the Carroll County Assessor will establish a new assessment at market value when you purchase. File for Carroll County's homestead exemption for primary residences with the Carroll County Assessor immediately after closing to reduce your taxable value. Contact the Carroll County Assessor to confirm the exemption amount, filing requirements, and any senior or veteran relief options available in your county.