38488 Property Tax Rate

Property owners in ZIP code 38488 (Taft, Tennessee) pay a median of $937/year in property taxes on homes valued at $244,400. This translates to an effective tax rate of 0.38%, which is 30% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38488 is approximately $78, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $269 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38488 has lower property taxes. ZIP codes with similar effective rates include 37688 (0.38%) and 38579 (0.38%).

In Taft, property taxes represent approximately 1.4% of the median household income of $64,630, 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.