Dickson, Tennessee Property Taxes
The median property tax rate in Dickson, TN is 0.64%, aligning with the Tennessee state median but notably lower than the national median of 0.99%. With a median home value of $233,600 in Dickson, the typical annual property tax bill amounts to $1,504, which is substantially less than the national median of $2,690. Property taxes in Dickson are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. 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, grasping 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
0.64%
Estimate Property Tax Bill
$1,495
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 0.64%, 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 counties in Tennessee and the national median. For comparison, the 37055 zip code has the highest median property tax rate of 0.64%, while the same 37055 zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with Dickson provides valuable insights into the varying tax landscape across Humphreys County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dickson Tax Rate
0.64%
Average Humphreys County Tax Rate
0.74%
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 | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
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 Humphreys 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. The median home price in Dickson is $233,600, with the highest and lowest median tax bills both being $1,504 in the 37055 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dickson Assessed Value
$233,600
Average Humphreys County Assessed Value
$111,300
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 | $233,600 | $233,600 | $233,600 | $233,600 | $233,600 |
Source: Ownwell
Property Tax Bills Across Dickson, Tennessee
In Dickson, located in Humphreys County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area experience a median property tax rate that aligns with the national median of 0.99%. The median home price in Dickson is $233,600, leading to a median tax bill of $1,504. This figure is consistent across various percentiles, including the 25th, 75th, and 90th percentiles, indicating a uniform tax rate application. Several factors influence the tax bill, including the assessed value of the property and the local tax rate. These elements ensure that property taxes are proportionate to the value of the home, providing a fair system for homeowners. The consistent tax bill of $1,504 across different zip codes, such as 37055, highlights the stability and predictability of property taxes in Dickson. For homeowners, this means manageable and predictable annual expenses, aiding in financial planning and stability.
Average Dickson Tax Bill
$1,504
Average Humphreys County Tax Bill
$930
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 | $1,504 | $1,504 | $1,504 | $1,504 | $1,504 |
Source: Ownwell