Gardiner, Tennessee Property Taxes
The median property tax rate in Gardiner, TN is 0.58%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Gardiner, the typical annual property tax bill is $60, far below the national median of $2,690. Property taxes in Gardiner are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Gardiner'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 Gardiner or another part of Hawkins County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gardiner, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$60
Ownwell’s Gardiner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gardiner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gardiner 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 Gardiner, Tennessee
Property taxes in Gardiner, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gardiner is 0.58%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Gardiner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gardiner 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 Gardiner's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 59030 zip code in Hawkins County has both the highest and lowest median property tax rate at 0.58%. Understanding how these cities compare with Gardiner 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 Gardiner 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 Gardiner, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59030 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Gardiner, Tennessee
In Gardiner, 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 Gardiner, 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 Gardiner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Gardiner is $10,400, with tax bills ranging from $60 at the 25th percentile to $60 at the 90th percentile.
Average Gardiner Assessed Value
$10,400
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 Gardiner, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59030 | $10,400 | $10,400 | $10,400 | $10,400 | $10,400 |
Source: Ownwell
Property Tax Bills Across Gardiner, Tennessee
In Gardiner, located in Hawkins County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by the local tax assessor. Factors such as the home's location, size, and condition play a crucial role in determining this market value. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. For homeowners in Gardiner, the median home price is $10,400, significantly lower than the national median. Consequently, property tax bills in this area are relatively modest. For instance, the tax bill at the 25th, 75th, and 90th percentiles are all $60, reflecting a consistent and manageable tax burden for residents. This lower tax bill can provide financial relief to homeowners, allowing them to allocate resources to other essential expenses. By understanding these factors, homeowners in Gardiner can better anticipate their property tax responsibilities and plan their finances accordingly.
Average Gardiner Tax Bill
$60
Average Hawkins County Tax Bill
$448
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Gardiner, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59030 | $60 | $60 | $60 | $60 | $60 |
Source: Ownwell