Knoxville, TN — income, home value, property tax, and sales tax.
In ZIP code 37721, near Knoxville, homes carry a median value of $233,300 while households bring in a median of $64,892 a year, or $33,223 per person. The county's effective property tax rate of 0.43% works out to roughly $1,003 annually on a home at that median value — a figure that stays contained against local earnings. Sales taxes, though, run 9.25% on purchases. That split shapes daily life here: owning a home costs comparatively little in taxes, but everyday spending carries a heavier share of the load.
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