38340 Property Tax Rate

Property owners in ZIP code 38340 (Henderson, Tennessee) pay a median of $898/year in property taxes on homes valued at $142,000. This translates to an effective tax rate of 0.63%, which is 15% above the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38340 is approximately $75, which factors into escrow payments on mortgages. This ZIP code is located within Chester County. This is $308 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38340 has higher property taxes. ZIP codes with similar effective rates include 38221 (0.63%) and 37215 (0.63%).

In Henderson, property taxes represent approximately 1.5% of the median household income of $61,477, 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 Chester County Assessor upon purchase. Apply for Chester County's homestead exemption for primary residences immediately after closing with the Chester County Assessor's office. File your homestead exemption application and request written confirmation of your assessed value and the exemption reduction applied to your account.