Darden, Tennessee Property Taxes
The median property tax rate in Darden, TN is 0.59%, which is notably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $71,300 in Darden, the typical annual property tax bill amounts to $422, significantly less than the national median of $2,690. Property taxes in Darden 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. Familiarizing yourself with Darden'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 Darden or another part of Henderson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Darden, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$421
Ownwell’s Darden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Darden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Darden 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 Darden, Tennessee
Property taxes in Darden, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Darden is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Darden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Darden 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 Darden's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38328 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 Darden provides valuable insights into the varying tax landscape across Henderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Darden Tax Rate
0.59%
Average Henderson County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Darden, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38328 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Darden, Tennessee
In Darden, 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 Henderson 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 Darden, 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. For instance, the median home price in Darden is $71,300, with tax bills ranging from $205 at the 25th percentile to $1,207 at the 90th percentile. The highest median tax bill is $422 in zip code 38328, which also has the lowest median tax bill of $422. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Darden Assessed Value
$71,300
Average Henderson County Assessed Value
$78,000
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Darden, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38328 | $15,760 | $34,675 | $71,300 | $130,600 | $203,630 |
Source: Ownwell
Property Tax Bills Across Darden, Tennessee
In Darden, Tennessee, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value of your property. For example, if your home has a median market price of $71,300, the assessed value will be a fraction of this amount. Once the assessed value is established, the local tax rate is applied to determine your property tax bill. In Darden, the tax bills vary significantly, with the 25th percentile at $205 and the 75th percentile reaching $774. The highest median tax bill in the area is $422.00, which is also the lowest, indicating a consistent tax rate across different properties in the same zip code. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Homeowners in Darden should be aware of these factors as they can significantly impact their annual expenses and overall cost of homeownership.
Average Darden Tax Bill
$422
Average Henderson County Tax Bill
$514
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Darden, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38328 | $94 | $205 | $422 | $774 | $1,207 |
Source: Ownwell