38361 Property Tax Rate

Property owners in ZIP code 38361 (Morris Chapel, Tennessee) pay a median of $546/year in property taxes on homes valued at $140,600. 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 38361 is approximately $46, which factors into escrow payments on mortgages. This ZIP code is located within Hardin County. This is $660 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38361 has lower property taxes. ZIP codes with similar effective rates include 38321 (0.39%) and 38451 (0.39%).

In Morris Chapel, property taxes represent approximately 1.1% of the median household income of $49,348, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap—the Hardin County Assessor will reassess your property at market value upon purchase, establishing a new tax basis. Apply for Hardin County's homestead exemption for primary residences with the Hardin County Assessor as soon as you close on your home. File your homestead exemption application and request written confirmation of your assessment and exemption amount from the Hardin County Assessor.