Memphis, TN — income, home value, property tax, and sales tax.
In ZIP code 38132, near Memphis, a household’s overall tax picture combines a county-level property tax rate of 0.97% with a combined sales tax rate of 9.75%. That means a home’s assessed value is taxed at just under one percent each year, while everyday purchases carry a sales tax approaching ten percent. For a family balancing income, housing costs, and spending, the property tax side stays comparatively contained, but the sales tax adds up quickly on groceries, clothing, and other goods. Together, these two rates shape what a household in this Memphis-area ZIP keeps versus pays out across a given year.