Dickson, Tennessee Property Taxes
The median property tax rate in Dickson, TN is 0.58%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $121,450 in Dickson, the typical annual property tax bill is approximately $623, far below the national median of $2,690. Property taxes in Dickson 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 Dickson's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dickson or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dickson, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$704
Ownwell’s Dickson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dickson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dickson 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 Dickson, Tennessee
Property taxes in Dickson, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dickson is 0.58%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Dickson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dickson 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 Dickson's effective property tax rate to other regions in Tennessee and the national median. For comparison, the zip code 37055 in Dickson has a median property tax rate of 0.58%. Understanding how these rates compare with other areas provides valuable insights into the varying tax landscape across Hickman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Dickson Tax Rate
0.58%
Average Hickman County Tax Rate
0.58%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dickson, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37055 | 0.37% | 0.51% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Dickson, Tennessee
In Dickson, 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 Hickman 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 Dickson, 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 Dickson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 37055, at $623, while the lowest is also 37055, demonstrating the variability within the area.
Average Dickson Assessed Value
$121,450
Average Hickman County Assessed Value
$65,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dickson, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37055 | $18,030 | $40,975 | $121,450 | $204,400 | $334,770 |
Source: Ownwell
Property Tax Bills Across Dickson, Tennessee
In Dickson, TN, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the home. Property taxes in Dickson are influenced by the median home price, which stands at $121,450. Homeowners in the 25th percentile can expect a tax bill of around $210, while those in the 75th percentile may see bills as high as $1,027. For the top 10% of homeowners, tax bills can reach up to $1,730. The highest and lowest median tax bills in the area are both $623, highlighting a relatively consistent tax rate within the 37055 zip code. With the national median property tax rate at 0.99%, homeowners in Dickson benefit from a competitive tax environment. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Dickson Tax Bill
$623
Average Hickman County Tax Bill
$379
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Dickson, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37055 | $104 | $210 | $623 | $1,027 | $1,730 |
Source: Ownwell