Linden, Tennessee Property Taxes
The median property tax rate in Linden, TN is 0.57%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Linden at $74,400, the typical annual property tax bill amounts to $432, which is well below the national median of $2,690. Property taxes in Linden are calculated based on the tax assessed value, which often falls below market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Linden'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 Linden or another part of Perry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Linden, 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 Linden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Linden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linden 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 Linden, Tennessee
Property taxes in Linden, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Linden is 0.57%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Linden set these rates annually, and they can vary across different neighborhoods. Each year, Linden 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 Linden's effective property tax rate to other areas in Tennessee and the national median. For comparison, the 37096 zip code has both the highest and lowest median property tax rate in Perry County, standing at 0.57%. Understanding how these areas compare with Linden provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Linden Tax Rate
0.57%
Average Perry County Tax Rate
0.57%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linden, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37096 | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Linden, Tennessee
In Linden, 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 Perry 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 Linden, 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 Linden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $432.00, found in the zip code 37096.
Average Linden Assessed Value
$74,400
Average Perry County Assessed Value
$74,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Linden, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37096 | $23,300 | $40,500 | $74,400 | $124,100 | $187,620 |
Source: Ownwell
Property Tax Bills Across Linden, Tennessee
In Linden, located in Perry County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For a median home priced at $74,400, the tax bill can vary significantly. The 25th percentile tax bill is around $234, while the 75th percentile tax bill is approximately $718, and the 90th percentile tax bill reaches up to $1,078. These figures reflect the range of property taxes homeowners might pay, depending on the assessed value and applicable tax rates. Several factors influence the tax bill, including the property's location within Perry County, any applicable exemptions, and the local tax rate. For instance, the highest median tax bill in the area is $432, found in the 37096 zip code. Compared to the national median property tax rate of 0.99%, Linden's property taxes can be relatively lower, making it an appealing location for homeowners seeking affordability. Understanding these factors helps homeowners anticipate their annual property tax liabilities and budget accordingly.
Average Linden Tax Bill
$432
Average Perry County Tax Bill
$432
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Linden, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37096 | $136 | $234 | $432 | $718 | $1,078 |
Source: Ownwell