Valdosta, Tennessee Property Taxes
The median property tax rate in Valdosta, TN is 0.40%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Valdosta at $361,300, the typical annual property tax bill is $1,451, which is well below the national median of $2,690. Property taxes in Valdosta are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Valdosta's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Valdosta 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
Valdosta, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,445
Ownwell’s Valdosta Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Valdosta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valdosta to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by Sevier County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Valdosta, Tennessee
Property taxes in Valdosta, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valdosta is 0.40%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Valdosta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valdosta 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 Valdosta's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 31602 zip code has both the highest and the lowest median property tax rate of 0.40%. Understanding how these areas compare with Valdosta provides valuable insights into the varying tax landscape across Sevier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valdosta Tax Rate
0.40%
Average Sevier County Tax Rate
0.37%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valdosta, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31602 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Valdosta, Tennessee
In Valdosta, 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 Sevier 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 Valdosta, 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 Valdosta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Valdosta are both $1,451, with the zip code 31602 having the same value.
Average Valdosta Assessed Value
$361,300
Average Sevier County Assessed Value
$196,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valdosta, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31602 | $361,300 | $361,300 | $361,300 | $361,300 | $361,300 |
Source: Ownwell
Property Tax Bills Across Valdosta, Tennessee
In Valdosta, property tax bills are determined based on the assessed value of a home, which is derived from its market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. For instance, in Sevier County, where Valdosta is located, homeowners can expect a median property tax bill of $1,451, regardless of the home's market value. This figure is consistent across various percentiles, indicating a uniform approach in tax calculations. Factors considered in determining property taxes include the property's location, market value, and any applicable exemptions or deductions. These elements collectively influence the assessed value, which is then used to compute the tax bill. Compared to the national median property tax rate of 0.99%, Valdosta's rate ensures that homeowners are not excessively burdened. This stability in property tax bills provides predictability for homeowners, making it easier to budget for annual expenses and maintain financial stability.
Average Valdosta Tax Bill
$1,451
Average Sevier County Tax Bill
$766
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Valdosta, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31602 | $1,451 | $1,451 | $1,451 | $1,451 | $1,451 |
Source: Ownwell