Burns, Tennessee Property Taxes
The median property tax rate in Burns, TN is 0.59%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Burns at $252,200, the typical annual property tax bill reaches $1,551, well below the national median of $2,690. Property taxes in Burns are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Burns'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 Burns or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burns, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Burns Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burns with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burns 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 Burns, Tennessee
Property taxes in Burns, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burns is 0.59%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Burns set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burns 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 Burns' effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37029 zip code has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Burns provides valuable insights into the varying tax landscape across Dickson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burns Tax Rate
0.59%
Average Dickson County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burns, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37029 | 0.59% | 0.59% | 0.59% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Burns, Tennessee
In Burns, Tennessee, understanding the difference between "market value" and "assessed value" is crucial 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 Dickson County Appraisal District 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 Burns, 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. For instance, the zip code with the highest median tax bill is 37029, with a median bill of $1,551. Being aware of these valuation processes in Burns helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burns Assessed Value
$252,200
Average Dickson County Assessed Value
$180,000
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burns, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37029 | $119,120 | $176,700 | $252,200 | $331,400 | $438,180 |
Source: Ownwell
Property Tax Bills Across Burns, Tennessee
In Burns, located in Dickson County, TN, property tax bills are calculated based on the assessed value of a property, which is a percentage of the market value. The local tax rate is then applied to this assessed value. For instance, with a median home price of $252,200, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $1,125, while the 75th percentile reaches about $2,094, and the 90th percentile can go up to $2,695. These tax bills directly impact homeowners by influencing their annual expenses and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, the figures in Burns provide a clear picture of how property taxes can vary within the region. The highest and lowest median tax bills in the area are both recorded at $1,551 in the zip code 37029, highlighting a degree of consistency in tax assessments within this locality.
Average Burns Tax Bill
$1,551
Average Dickson County Tax Bill
$1,201
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Burns, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37029 | $780 | $1,125 | $1,551 | $2,094 | $2,695 |
Source: Ownwell