38577 Property Tax Rate

Property owners in ZIP code 38577 (Pall Mall, Tennessee) pay a median of $542/year in property taxes on homes valued at $109,400. This translates to an effective tax rate of 0.50%, which is 10% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 38577 is approximately $45, which factors into escrow payments on mortgages. This ZIP code is located within Pickett County. This is $664 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 38577 has higher property taxes. ZIP codes with similar effective rates include 38506 (0.49%) and 38339 (0.49%).

In Pall Mall, property taxes represent approximately 1.3% of the median household income of $42,708, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 38577, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Pickett County's tax assessor directly.