38568 Property Tax Rate

Property owners in ZIP code 38568 (Hilham, Tennessee) pay a median of $670/year in property taxes on homes valued at $188,500. This translates to an effective tax rate of 0.36%, which is 35% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38568 is approximately $56, which factors into escrow payments on mortgages. This ZIP code is located within Overton County. This is $536 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38568 has lower property taxes. ZIP codes with similar effective rates include 38310 (0.36%) and 37348 (0.36%).

In Hilham, property taxes represent approximately 1.2% of the median household income of $56,250, 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. Overton County offers a Homestead Exemption of $25,000 off assessed value for primary residences — file with the Overton County Assessor's office. Contact the Overton County Assessor within 30 days of closing to claim the exemption and confirm your assessment.