38341 Property Tax Rate

Property owners in ZIP code 38341 (Holladay, Tennessee) pay a median of $558/year in property taxes on homes valued at $124,300. This translates to an effective tax rate of 0.45%, which is 18% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38341 is approximately $47, which factors into escrow payments on mortgages. This ZIP code is located within Benton County. This is $648 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38341 has lower property taxes. ZIP codes with similar effective rates include 37352 (0.45%) and 38231 (0.45%).

In Holladay, property taxes represent approximately 1.3% of the median household income of $44,223, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap—your property will be reassessed at purchase price by the Benton County Assessor. Benton County provides a homestead exemption for owner-occupied primary residences; apply with the Benton County Assessor as soon as you close to secure this tax relief. File your homestead application and request written confirmation of your assessment and exemption amount from the Benton County Assessor.