38351 Property Tax Rate

Property owners in ZIP code 38351 (Lexington, Tennessee) pay a median of $826/year in property taxes on homes valued at $159,000. This translates to an effective tax rate of 0.52%, which is 5% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38351 is approximately $69, which factors into escrow payments on mortgages. This ZIP code is located within Henderson County. This is $380 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38351 has higher property taxes. ZIP codes with similar effective rates include 37801 (0.52%) and 38011 (0.52%).

In Lexington, property taxes represent approximately 1.5% of the median household income of $53,573, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap—expect the Henderson County Assessor to reassess your property at market value when you buy. Henderson County provides a homestead exemption for owner-occupied primary residences; file your application with the Henderson County Assessor immediately after closing. Contact the Henderson County Assessor to confirm the homestead exemption amount and ensure your exemption is properly recorded on the tax rolls before your first tax bill.