38544 Property Tax Rate

Property owners in ZIP code 38544 (Baxter, Tennessee) pay a median of $1,134/year in property taxes on homes valued at $222,500. This translates to an effective tax rate of 0.51%, which is 7% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38544 is approximately $95, which factors into escrow payments on mortgages. This ZIP code is located within Putnam County.

Compared to similar ZIP codes in Tennessee, 38544 has higher property taxes. ZIP codes with similar effective rates include 37145 (0.51%) and 37748 (0.51%).

In Baxter, property taxes represent approximately 1.7% of the median household income of $66,801, providing context for the relative tax burden on homeowners in this area.

Tennessee reassesses property at market value upon sale, meaning your tax bill will reflect the purchase price regardless of the prior owner's assessment. Putnam County offers a Homestead Exemption of $25,000 off assessed value for primary residences — file with the Putnam County Assessor's office. Contact the Putnam County Assessor immediately after closing to claim the exemption and ensure your assessment is properly recorded.