White Bluff, Tennessee Property Taxes
The median property tax rate in White Bluff, TN is 0.68%, slightly higher than the state median of 0.64% but below the national median of 0.99%. With a median home value of $215,000 in White Bluff, the typical annual property tax bill amounts to $1,462, which is significantly lower than the national median of $2,690. Property taxes in White Bluff are calculated based on the assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding White Bluff's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of White Bluff or another part of Cheatham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
White Bluff, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,462
Ownwell’s White Bluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Bluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Bluff to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across White Bluff, Tennessee
Property taxes in White Bluff, Tennessee, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Bluff is 0.68%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within White Bluff set these rates annually, and they can vary across different neighborhoods. Each year, White Bluff estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares White Bluff's effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 37187 has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with White Bluff provides valuable insights into the varying tax landscape across Cheatham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average White Bluff Tax Rate
0.68%
Average Cheatham County Tax Rate
0.67%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Bluff, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37187 | 0.67% | 0.67% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across White Bluff, Tennessee
In White Bluff, Tennessee, understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Cheatham County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In White Bluff, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in White Bluff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 37187, with a median tax bill of $1,462.
Average White Bluff Assessed Value
$215,000
Average Cheatham County Assessed Value
$201,100
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across White Bluff, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37187 | $96,260 | $135,100 | $215,000 | $304,100 | $463,140 |
Source: Ownwell
Property Tax Bills Across White Bluff, Tennessee
In White Bluff, located in Cheatham County, TN, property tax bills are calculated based on the assessed value of a home. The process begins with the county assessor determining the market value of the property. In Tennessee, properties are assessed at 25% of their market value for residential properties. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $215,000 in White Bluff, the assessed value would be $53,750. Applying the local tax rate to this assessed value results in the property tax bill. Homeowners in White Bluff can expect tax bills that vary significantly, with the 25th percentile at $912, the 75th percentile at $2,069, and the 90th percentile reaching $3,111. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, White Bluff’s property tax rates reflect its unique local economic conditions and public service needs.
Average White Bluff Tax Bill
$1,462
Average Cheatham County Tax Bill
$1,378
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across White Bluff, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37187 | $655 | $912 | $1,462 | $2,069 | $3,111 |
Source: Ownwell