ZIP Code 38141

In ZIP 38141, on Memphis's southern edge, homes carry a median value of $157,900, and the county's 0.97% effective property tax rate works out to roughly $1,530 a year in taxes on such a home. With median household income at $60,817, that bill equals about 2.5% of annual earnings, before any exemptions. Per-capita income sits lower, at $26,984, so the tax can weigh more heavily on individual earners than the household figure implies. A combined sales tax rate of 9.75% also shapes daily costs, trimming what's left after housing.