ZIP Code 38113

In the 38113 ZIP code, near Memphis, property taxes run at an effective rate of 0.97% of a home's value, a figure that shapes what buyers can realistically carry each year. That rate applies alongside a combined sales tax of 9.75%, which adds to everyday costs. How much of a strain the property tax creates depends on what a household earns and what it pays for a home, since a higher purchase price pushes the annual bill upward even at a fixed rate. Buyers weighing a move here should compare their income against both the purchase price and the ongoing tax load.