ZIP Code 38125

In ZIP code 38125, near Memphis, homes carry a median value of $251,100, and the county-level effective property tax rate of 0.97% works out to roughly $2,436 in annual taxes on such a home. With median household income at $86,162 and per-capita income at $39,115, that tax bill equals about 2.8% of household earnings, a share many owners can absorb without straining. Sales taxes, though, run 9.75% combined, which adds to everyday costs. Buyers weighing this area should note how the property tax load compares with what local incomes actually support.