38337 Property Tax Rate

Property owners in ZIP code 38337 (Gadsden, Tennessee) pay a median of $1,257/year in property taxes on homes valued at $191,300. This translates to an effective tax rate of 0.66%, which is 20% above the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38337 is approximately $105, which factors into escrow payments on mortgages. This ZIP code is located within Crockett County.

Compared to similar ZIP codes in Tennessee, 38337 has lower property taxes. ZIP codes with similar effective rates include 37043 (0.66%) and 37601 (0.66%).

In Gadsden, property taxes represent approximately 2.1% of the median household income of $60,262, providing context for the relative tax burden on homeowners in this area.

Tennessee assesses property at 25% of market value with no cap on annual increases, meaning Crockett County will reassess your property at purchase price and may increase the valuation annually without limit. Crockett County provides a Homestead Exemption for seniors 65+ and disabled property owners that reduces taxable assessed value — apply at the Crockett County Assessor's office with proof of age or disability status. File your exemption application immediately after closing and request a post-purchase assessment review from the Crockett County Assessor to ensure accuracy and capture any available tax savings.