Counce, Tennessee Property Taxes
The median property tax rate in Counce, TN is 0.63%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $135,100 in Counce, the typical annual property tax bill is $980, significantly below the national median of $2,690. Property taxes in Counce are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Counce's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Counce or another part of Hardin County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Counce, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$851
Ownwell’s Counce Property Tax Bill Calculator offers a simple way for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Counce with just two key data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate for Counce to provide an estimated property tax bill. This valuable tool helps you grasp potential tax liabilities effortlessly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the figure assigned by Hardin County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Counce, Tennessee
Property taxes in Counce, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Counce is 0.63%, which is below the U.S. national median of 0.99%. Local government entities within Counce set these rates annually, and they can vary significantly across different neighborhoods. Each year, Counce 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 Counce's effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 38326 has both the highest and lowest median property tax rate of 0.63%, aligning with Counce's rate. Understanding how these cities compare with Counce provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Counce Tax Rate
0.63%
Average Hardin County Tax Rate
0.70%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Counce, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38326 | 0.55% | 0.59% | 0.63% | 0.70% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Counce, Tennessee
In Counce, 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 Hardin County Assessor's office 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 Counce, 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 Counce helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Counce are both found in the 38326 zip code, with a median tax bill of $980.
Average Counce Assessed Value
$135,100
Average Hardin County Assessed Value
$89,300
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Counce, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38326 | $35,360 | $72,050 | $135,100 | $209,150 | $381,260 |
Source: Ownwell
Property Tax Bills Across Counce, Tennessee
In Counce, located in Hardin County, TN, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. For homeowners in Counce, the median home price is $135,100, which provides a baseline for calculating property taxes. The tax rate is applied to the assessed value to determine the final tax bill. For instance, the 25th percentile tax bill is $661, while the 75th percentile tax bill reaches $1,448. At the 90th percentile, homeowners might see tax bills as high as $2,562. These figures reflect the variability in property values and the corresponding tax obligations. Compared to the national median property tax rate of 0.99%, Counce's property tax rates can be considered moderate. Understanding these factors helps homeowners anticipate their annual tax liabilities and plan their finances accordingly.
Average Counce Tax Bill
$980
Average Hardin County Tax Bill
$809
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Counce, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38326 | $394 | $661 | $980 | $1,448 | $2,562 |
Source: Ownwell