Cross Plains, Tennessee Property Taxes
The median property tax rate in Cross Plains, TN is 0.64%, which aligns with the state median but is notably lower than the national median of 0.99%. With the median home value in Cross Plains at $183,900, the typical annual property tax bill amounts to $1,182, significantly less than the national median of $2,690. Property taxes in Cross Plains are determined based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Cross Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Cross Plains or another part of Robertson County, gaining insight into the local property tax system can provide financial benefits.
Last Updated June 14, 2024
Cross Plains, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,177
Ownwell’s CROSS PLAINS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CROSS PLAINS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CROSS PLAINS 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 Cross Plains, Tennessee
Property taxes in Cross Plains, Tennessee, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cross Plains is 0.64%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Cross Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cross Plains 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 Cross Plains' effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37049 zip code has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Cross Plains provides valuable insights into the varying tax landscape across Robertson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cross Plains Tax Rate
0.64%
Average Robertson County Tax Rate
0.64%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cross Plains, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37049 | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Cross Plains, Tennessee
In CROSS PLAINS, 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 Robertson 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 CROSS PLAINS, 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. The median home price in CROSS PLAINS is $183,900, with tax bills ranging from $750 at the 25th percentile to $2,362 at the 90th percentile. Understanding these valuation concepts helps property owners navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 37049 consistently shows both the highest and lowest median tax bills at $1,182.
Property Tax Assessment Values Across Cross Plains, Tennessee
Source: Ownwell
$154,800
$208,150
$261,500
Average Cross Plains Assessed Value
$183,900
Average Robertson County Assessed Value
$178,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cross Plains, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37049 | $67,420 | $116,400 | $183,900 | $270,700 | $366,720 |
Source: Ownwell
Property Tax Bills Across Cross Plains, Tennessee
In Cross Plains, TN, property tax bills are calculated based on the assessed value of a property, which is a percentage of the market value. Homeowners in Robertson County can expect their tax bills to be influenced by various factors, including the property's assessed value and the local tax rate. For instance, with a median home price of $183,900, the tax bill can range significantly. The 25th percentile tax bill is around $750, while the 75th percentile tax bill reaches $1,739, and the 90th percentile tax bill can go up to $2,362. This variation demonstrates how different factors, such as property location within the county and specific property characteristics, impact the overall tax bill. Compared to the national median property tax rate of 0.99%, Cross Plains homeowners might find their tax rates relatively competitive. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are well-prepared for their annual property tax bills.
Average Cross Plains Tax Bill
$1,182
Average Robertson County Tax Bill
$1,400
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Cross Plains, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37049 | $428 | $750 | $1,182 | $1,739 | $2,362 |
Source: Ownwell