Buchanan, TN — income, home value, property tax, and sales tax.
In ZIP code 38229, near Buchanan, homes carry a median value of $146,600, and the county-level property tax rate of 0.48% translates to roughly $704 a year in taxes on a home at that price. With median household income at $58,715, that annual bill amounts to about 1.2% of what a household earns. Per-capita income sits at $27,382. Sales taxes, meanwhile, add up to 9.75% on purchases. The gap between home values and earnings here means owning a house does not consume an outsized share of income through property taxes alone.
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