ZIP Code 37405

In ZIP code 37405, near Chattanooga, homes carry a median value of $460,600, yet the county-level effective property tax rate sits at just 0.43%. That combination yields an annual tax bill well below what many higher-rate areas demand. Households here earn a median of $81,337, with per-capita income at $71,405, so property taxes take a smaller share of earnings than the price tags alone might imply. Sales taxes run 9.25%, adding cost to everyday purchases. Buyers weighing this ZIP should note how the low rate offsets the steep home values relative to local incomes.