Tax Burden in ZIP Code 38101
Memphis, TN — Shelby County
At the median income of $42,000, the estimated total tax burden in ZIP 38101 is $8,601 (20.5% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$4,200
FICA
$3,213
Property Tax
$1,188
Total Tax Burden
$8,601
20.5% effective
Tax Details for ZIP 38101
ZIP code 38101 is located in Shelby County, TN, within the Memphis MSA metropolitan area. The area has a cost of living index of 83 (100 = national average), making it more affordable than the national average.
The effective property tax rate is 0.72%. On the median home price of $165,000, this equals $1,188 per year ($99/month).
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