38556 Property Tax Rate

Property owners in ZIP code 38556 (Jamestown, Tennessee) pay a median of $476/year in property taxes on homes valued at $147,300. This translates to an effective tax rate of 0.32%, which is 41% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38556 is approximately $40, which factors into escrow payments on mortgages. This ZIP code is located within Fentress County. This is $730 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38556 has lower property taxes. ZIP codes with similar effective rates include 37309 (0.32%) and 38226 (0.32%).

In Jamestown, property taxes represent approximately 1.1% of the median household income of $42,819, 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. Fentress County offers a Homestead Exemption of $25,000 off assessed value for primary residences — file with the Fentress County Assessor's office. Contact the Fentress County Assessor within 30 days of closing to claim the exemption and confirm your assessment.