Morristown, TN — income, home value, property tax, and sales tax.
In ZIP code 37814, which covers Morristown, households bring in a median of $55,650 a year, while per-capita income sits at $32,087. A median home there is valued at $220,500, and the county-level property tax rate of 0.41% translates into a yearly bill of roughly $900 for a house at that price. Sales taxes, though, add up to 9.75% on purchases, a rate shoppers will feel on everyday spending. With earnings near the middle of the range, homeowners here keep a larger share of each paycheck after property taxes than many places, though the higher sales tax chips away at what's left over.
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