Mc Kenzie, TN — income, home value, property tax, and sales tax.
Homes in the 38305 ZIP code, which takes in McKenzie, carry a median value of $243,800, while the county's effective property tax rate sits at 0.56%. That works out to roughly $1,365 in yearly property taxes on a median-priced house. With median household income at $68,977 and per-capita income at $37,506, that tax bill equals about 2% of a household's annual earnings. Combined with a 9.75% sales tax rate, the overall cost of living leans on consumption as well as property. Even so, the gap between local incomes and home prices keeps ownership within reach for many working households.
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