Eidson, Tennessee Property Taxes
The median property tax rate in Eidson, TN is 0.58%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Eidson, the typical annual property tax bill is $118, far below the national median of $2,690. Property taxes in Eidson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Eidson'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 Eidson or another part of Hawkins County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eidson, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$117
Ownwell’s Eidson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eidson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eidson 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 Eidson, Tennessee
Property taxes in Eidson, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eidson is 0.58%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Eidson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eidson 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 Eidson's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37731 zip code has the highest median property tax rate of 0.58%, while the 37731 zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Eidson provides valuable insights into the varying tax landscape across Hawkins County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eidson Tax Rate
0.58%
Average Hawkins County Tax Rate
0.58%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eidson, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37731 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Eidson, Tennessee
In Eidson, 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 Hawkins 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 Eidson, 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 Eidson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 37731 in Eidson has the highest median tax bill at $118, while the lowest median tax bill is also in the same zip code at $118.
Average Eidson Assessed Value
$20,150
Average Hawkins County Assessed Value
$69,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eidson, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37731 | $5,170 | $9,650 | $20,150 | $65,000 | $110,030 |
Source: Ownwell
Property Tax Bills Across Eidson, Tennessee
In Eidson, located in Hawkins County, TN, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local assessor's office and is typically a percentage of the property's market value. For homeowners in Eidson, the median home price is $20,150. The property tax rate in Hawkins County is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For example, the 25th percentile tax bill in Eidson is $56, while the 75th percentile tax bill is $379. At the 90th percentile, homeowners can expect a tax bill of around $637. These figures illustrate the range of tax liabilities homeowners may face, depending on the value of their property. Compared to the national median property tax rate of 0.99%, Eidson's tax rates may present a more manageable financial burden for property owners, especially given the relatively low median home price in the area.
Average Eidson Tax Bill
$118
Average Hawkins County Tax Bill
$448
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Eidson, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37731 | $30 | $56 | $118 | $379 | $637 |
Source: Ownwell