Overton County Property Taxes
The median property tax rate in Overton County is 0.49%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Overton County, the typical annual property tax bill is $570, far below the national median of $2,690. Property taxes in Overton County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Overton County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Livingston or another part of Overton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Overton County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$498
Ownwell’s Overton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Overton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Overton County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Overton County, Tennessee
Property taxes in Overton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Overton County is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within Overton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Overton County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Clarkrange has one of the higher property tax rates in Tennessee at 0.49%, while the city of Crawford boasts one of the lowest at 0.49%. Analyzing how Overton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Overton County Tax Rate
0.49%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Overton County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allons | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Allred | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Alpine | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Clarkrange | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Cookeville | 0.49% | 0.49% | 0.49% | 0.49% | 0.56% |
| Crawford | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Hilham | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Livingston | 0.49% | 0.49% | 0.49% | 0.92% | 0.92% |
| Monroe | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Monterey | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Rickman | 0.49% | 0.49% | 0.49% | 0.49% | 0.51% |
| Wilder | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Overton County, Tennessee
In Overton County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Overton County Appraisal District. The assessed value, however, 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. Assessment notices in Overton County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, homeowners in Rickman see the highest median tax bill at $650, while those in Clarkrange enjoy the lowest at $205. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Overton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Overton County, Tennessee
Source: Ownwell
$41,600
$85,750
$129,900
Average Overton County Assessed Value
$101,600
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Overton County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allons | $37,550 | $63,300 | $111,900 | $173,200 | $260,110 |
| Allred | $27,440 | $44,300 | $70,200 | $141,650 | $199,880 |
| Alpine | $27,460 | $49,875 | $99,050 | $150,100 | $239,480 |
| Clarkrange | $28,720 | $33,550 | $41,600 | $49,650 | $54,480 |
| Cookeville | $34,410 | $65,625 | $120,900 | $204,775 | $292,010 |
| Crawford | $22,780 | $45,200 | $81,100 | $136,800 | $219,260 |
| Hilham | $24,080 | $47,400 | $87,900 | $146,200 | $217,220 |
| Livingston | $29,900 | $57,700 | $96,400 | $152,600 | $229,040 |
| Monroe | $35,380 | $62,900 | $107,800 | $164,050 | $265,320 |
| Monterey | $24,420 | $49,700 | $92,300 | $156,100 | $221,480 |
| Rickman | $47,000 | $78,050 | $129,900 | $201,400 | $283,800 |
| Wilder | $15,440 | $28,225 | $62,250 | $90,175 | $144,000 |
Source: Ownwell
Property Tax Bills Across Overton County, Tennessee
In Overton County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Overton County is $101,600, and property taxes vary significantly within the county. The tax bill for homeowners in the 25th percentile is approximately $319, while those in the 75th percentile pay around $925. The 90th percentile tax bill can reach up to $1,390, reflecting the diversity in property values and corresponding tax obligations. Various factors influence the tax bill, including property location, assessed value, and applicable tax rates. For instance, homeowners in Rickman face the highest median tax bill at $650, whereas those in Clarkrange have the lowest at $205. These differences highlight how local tax rates and property values impact homeowners' financial responsibilities. Compared to the national median property tax rate of 0.99%, Overton County's property tax rates offer a range of affordability, making it essential for homeowners to understand their specific tax obligations.
Average Overton County Tax Bill
$570
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Overton County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allons | $184 | $308 | $555 | $867 | $1,265 |
| Allred | $92 | $181 | $289 | $698 | $985 |
| Alpine | $122 | $222 | $459 | $730 | $1,152 |
| Clarkrange | $141 | $165 | $205 | $245 | $268 |
| Cookeville | $176 | $340 | $618 | $1,023 | $1,497 |
| Crawford | $108 | $209 | $393 | $701 | $1,103 |
| Hilham | $115 | $237 | $441 | $727 | $1,088 |
| Livingston | $170 | $366 | $621 | $969 | $1,498 |
| Monroe | $177 | $309 | $542 | $835 | $1,329 |
| Monterey | $104 | $238 | $445 | $769 | $1,083 |
| Rickman | $218 | $400 | $650 | $1,006 | $1,416 |
| Wilder | $67 | $121 | $268 | $430 | $709 |
Source: Ownwell