Crawford, Tennessee Property Taxes
The median property tax rate in Crawford, TN is 0.49%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Crawford being $81,100, the typical annual property tax bill amounts to $393, which is well below the national median of $2,690. Property taxes in Crawford are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Crawford'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 Crawford or another part of Overton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crawford, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Crawford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crawford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crawford 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 Crawford, Tennessee
Property taxes in Crawford, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crawford is 0.49%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Crawford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crawford 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 Crawford's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38554 zip code has the highest median property tax rate of 0.49%, while the 38554 zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Crawford provides valuable insights into the varying tax landscape across Overton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crawford Tax Rate
0.49%
Average Overton County Tax Rate
0.49%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crawford, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38554 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Crawford, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Crawford, 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 Overton 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 Crawford, 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 Crawford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Crawford is $81,100. The zip code with the highest median tax bill is 38554, with a median tax bill of $393, while the same zip code also has the lowest median tax bill at $393.
Average Crawford Assessed Value
$81,100
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 Crawford, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38554 | $22,780 | $45,200 | $81,100 | $136,800 | $219,260 |
Source: Ownwell
Property Tax Bills Across Crawford, Tennessee
In Crawford, located 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 Crawford is $81,100. Homeowners' tax bills can vary significantly, with the 25th percentile tax bill at approximately $209 and the 75th percentile tax bill reaching around $701. At the 90th percentile, tax bills can be as high as $1,103. These figures indicate a broad range of property tax obligations, influenced by the assessed value and applicable tax rates. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as property improvements, neighborhood development, and changes in market conditions can affect the assessed value, thereby influencing the tax bill. For homeowners, this means that any increase in property value or changes in local tax rates can lead to higher property tax bills, impacting their annual financial planning and overall cost of homeownership.
Average Crawford Tax Bill
$393
Average Overton County Tax Bill
$570
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Crawford, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38554 | $108 | $209 | $393 | $701 | $1,103 |
Source: Ownwell