38459 Property Tax Rate

Property owners in ZIP code 38459 (Frankewing, Tennessee) pay a median of $1,083/year in property taxes on homes valued at $252,000. This translates to an effective tax rate of 0.43%, which is 22% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38459 is approximately $90, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County.

Compared to similar ZIP codes in Tennessee, 38459 has higher property taxes. ZIP codes with similar effective rates include 37765 (0.43%) and 37397 (0.43%).

In Frankewing, property taxes represent approximately 1.3% of the median household income of $85,000, providing context for the relative tax burden on homeowners in this area.

Tennessee has no statewide property tax cap; assessments are set by the Lincoln County Assessor and can increase annually without limitation. Lincoln County offers a Homestead Exemption for seniors 65+ and disabled homeowners—contact the Lincoln County Assessor's office to confirm your eligibility and file before the county's deadline. Request a copy of your assessment immediately after closing to verify accuracy, and note the appeal deadline (typically within 30 days of the assessment notice) with the Lincoln County Assessor.