Morristown, TN — income, home value, property tax, and sales tax.
In ZIP code 37813, around Morristown, homes carry a median value of $172,600, and the county's 0.41% effective property tax rate works out to roughly $708 a year on such a home. With median household income at $48,011 and per-capita income at $25,395, that yearly tax bill takes up a sliver of earnings, though the 9.75% combined sales tax adds cost to everyday purchases. Buyers here can generally absorb the property tax without straining, but the gap between home prices and local wages still shapes what households can comfortably afford.
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