Mooresburg, Tennessee Property Taxes
The median property tax rate in Mooresburg, 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 Mooresburg at $46,350, the typical annual property tax bill is $269, well below the national median of $2,690. Property taxes in Mooresburg 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 Mooresburg'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 Mooresburg or elsewhere in Hawkins County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mooresburg, 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 Mooresburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mooresburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mooresburg 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 Hawkins County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mooresburg, Tennessee
Property taxes in Mooresburg, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mooresburg is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Mooresburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mooresburg 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 Mooresburg's effective property tax rate to other regions in Tennessee and the national median. For comparison, the zip code 37811 has the highest median property tax rate of 0.58%, while the same zip code also has the lowest median tax rate of 0.58%. Understanding how these areas compare with Mooresburg 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 Mooresburg 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 Mooresburg, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37811 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Mooresburg, Tennessee
In Mooresburg, 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 Mooresburg, 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 Mooresburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 37811 at $269, which is also the lowest median tax bill in the area.
Average Mooresburg Assessed Value
$46,350
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 Mooresburg, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37811 | $4,700 | $17,200 | $46,350 | $119,925 | $212,690 |
Source: Ownwell
Property Tax Bills Across Mooresburg, Tennessee
In Mooresburg, TN, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the Hawkins County Assessor’s office and typically represents a percentage of the property's market value. For instance, if your home has a median market price of $46,350, the assessed value would be a fraction of this amount, depending on local assessment ratios. The property tax rate is then applied to this assessed value to determine the tax bill. In Mooresburg, the median property tax bill is $269, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $100, while those in the 75th percentile face a tax bill of $695. At the 90th percentile, the tax bill can be as high as $1,234. These property taxes fund local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Mooresburg Tax Bill
$269
Average Hawkins County Tax Bill
$448
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Mooresburg, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37811 | $27 | $100 | $269 | $695 | $1,234 |
Source: Ownwell