Pulaski, Tennessee Property Taxes
The median property tax rate in Pulaski, TN is 0.53%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Pulaski at $118,600, the typical annual property tax bill amounts to $623, well below the national median of $2,690. Property taxes in Pulaski are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Pulaski'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 Pulaski 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
Pulaski, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$629
Ownwell’s Pulaski Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Pulaski with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pulaski to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Pulaski, Tennessee
Property taxes in Pulaski, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pulaski is 0.53%, which is lower than both the Tennessee state median of 0.71% and the U.S. national median of 0.99%. Local government entities within Pulaski set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pulaski 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 Pulaski's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38478 zip code has the highest median property tax rate of 0.53%, while the 38478 zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Pulaski provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pulaski Tax Rate
0.53%
Average Lincoln County Tax Rate
0.53%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pulaski, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38478 | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Pulaski, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pulaski, Tennessee. 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 Pulaski, 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 Pulaski helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 38478, with a median tax bill of $623.
Average Pulaski Assessed Value
$118,600
Average Lincoln County Assessed Value
$117,700
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pulaski, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38478 | $88,200 | $99,600 | $118,600 | $140,800 | $154,120 |
Source: Ownwell
Property Tax Bills Across Pulaski, Tennessee
In Pulaski, located in Lincoln County, TN, property tax bills are calculated based on the assessed value of your home. The assessed value is a percentage of the market value, which is determined by the county assessor. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For instance, with a median home price of $118,600, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Tax bills in Pulaski range significantly, with the 25th percentile at $524 and the 75th percentile at $740. Homeowners at the 90th percentile see tax bills around $810. These figures can impact household budgets, making it crucial for homeowners to understand their assessed values and potential exemptions. Compared to the national median property tax rate of 0.99%, Pulaski's rates may offer some relief, but understanding the local assessment process remains vital for financial planning.
Average Pulaski Tax Bill
$623
Average Lincoln County Tax Bill
$686
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Pulaski, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38478 | $464 | $524 | $623 | $740 | $810 |
Source: Ownwell