Memphis, TN — income, home value, property tax, and sales tax.
Households in ZIP code 38131, part of the Memphis area, face a county property tax rate of 0.97%, a figure that sits in the lower-middle range and tends to suit working- and middle-income owners rather than the wealthy. At the register, though, the combined sales tax rate of 9.75% takes a bigger bite, falling hardest on everyday purchases and stretching paychecks for families with tighter margins. Together these two rates shape a practical reality here: owning a home stays within reach, while daily spending carries a heavier share of the load.