ZIP Code 38105

In ZIP code 38105, part of Memphis, homes carry a median value of $90,200, and the county-level effective property tax rate of 0.97% works out to roughly $875 a year in taxes on such a home. Households here earn a median of $34,015, while per-capita income sits at $29,538, so that yearly tax bill equals about 2.6% of median household earnings. Sales taxes add 9.75% at checkout, stretching budgets further. Low home values keep owners' tax obligations smaller in dollar terms than in pricier markets, yet the gap between earnings and everyday costs still shapes what residents can absorb.