Altamont, TN — income, home value, property tax, and sales tax.
In ZIP code 37305, near Altamont, homes carry a median value of $69,300, and the county's effective property tax rate of 0.38% works out to roughly $263 a year on a home at that price. With median household income at $61,167 and per-capita income at $25,817, that tax bill takes up a tiny share of earnings, so owning a home here costs little beyond the mortgage itself. A combined sales tax rate of 9.25% applies to purchases, but the low housing costs and light tax load keep overall expenses down.
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