Celina, Tennessee Property Taxes
The median property tax rate in Celina, TN is 0.56%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Celina at $57,700, the typical annual property tax bill reaches $324, far below the national median of $2,690. Property taxes in Celina are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Celina'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 Celina 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
Celina, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$323
Ownwell’s Celina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Celina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Celina 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 Celina, Tennessee
Property taxes in Celina, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Celina is 0.56%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Celina set these rates annually, and they can vary across different neighborhoods. Each year, Celina 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 Celina's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 38551 has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these areas compare with Celina provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Celina Tax Rate
0.56%
Average Jackson County Tax Rate
0.56%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Celina, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38551 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Celina, Tennessee
In Celina, 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 local 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 Celina, 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 Celina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 38551 has the highest and lowest median tax bill, both at $324.
Average Celina Assessed Value
$57,700
Average Jackson County Assessed Value
$100,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Celina, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38551 | $44,640 | $51,075 | $57,700 | $60,925 | $76,300 |
Source: Ownwell
Property Tax Bills Across Celina, Tennessee
In Celina, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners in this region, the median home price stands at $57,700. The property tax rate in Celina is applied to this assessed value to determine the annual tax bill. Various factors influence the tax bill amount, including property size, location, and any applicable exemptions. Homeowners in Celina experience a range of tax bills, with the 25th percentile paying around $287 and the 75th percentile paying up to $343. The 90th percentile sees tax bills as high as $429. These figures indicate that property taxes in Celina are relatively low compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable in Celina, positively impacting the financial well-being of its residents.
Average Celina Tax Bill
$324
Average Jackson County Tax Bill
$548
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Celina, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38551 | $251 | $287 | $324 | $343 | $429 |
Source: Ownwell