Stewart County Property Taxes
The median property tax rate in Stewart County is 0.59%, 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 Stewart County, the typical annual property tax bill is $644, far below the national median of $2,690. Property taxes in Stewart 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 Stewart 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 Dover or another part of Stewart County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stewart County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$603
Ownwell’s Stewart County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Stewart County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Stewart 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 Stewart County, Tennessee
Property taxes in Stewart County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Stewart County is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Stewart County set these rates annually, and they can vary significantly between different areas within the county. Each year, Stewart County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total assessed 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. The following data compares Stewart County's effective property tax rate with other counties in Tennessee and the national median. For comparison, the city of Erin has one of the higher property tax rates in Tennessee at 0.59%, while the city of Tennessee Ridge boasts one of the lowest at 0.59%. Analyzing how Stewart County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Stewart County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stewart County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Rock | 0.59% | 0.59% | 0.59% | 0.59% | 0.63% |
| Bumpus Mills | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Cumberland City | 0.59% | 0.59% | 0.59% | 0.77% | 0.78% |
| Dover | 0.59% | 0.59% | 0.59% | 0.60% | 0.90% |
| Erin | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Indian Mound | 0.59% | 0.59% | 0.59% | 0.59% | 0.66% |
| Stewart | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Tennessee Ridge | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Woodlawn | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Stewart County, Tennessee
In Stewart 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 Stewart 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 Stewart 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. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, homeowners in Woodlawn face the highest median tax bill at $834, while those in Erin enjoy the lowest at $404. Being aware of these valuation processes in Stewart 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 Stewart County, Tennessee
Source: Ownwell
$68,400
$104,850
$141,300
Average Stewart County Assessed Value
$102,200
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stewart County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Rock | $31,260 | $61,800 | $100,200 | $153,100 | $225,480 |
| Bumpus Mills | $23,940 | $55,100 | $89,300 | $137,400 | $236,580 |
| Cumberland City | $26,500 | $52,100 | $94,500 | $151,650 | $226,800 |
| Dover | $26,200 | $60,900 | $106,200 | $169,400 | $256,220 |
| Erin | $47,400 | $58,400 | $68,400 | $91,000 | $134,000 |
| Indian Mound | $34,000 | $63,250 | $103,750 | $169,900 | $245,010 |
| Stewart | $19,800 | $45,650 | $84,100 | $136,450 | $217,700 |
| Tennessee Ridge | $33,200 | $68,000 | $122,600 | $177,900 | $249,700 |
| Woodlawn | $141,300 | $141,300 | $141,300 | $141,300 | $141,300 |
Source: Ownwell
Property Tax Bills Across Stewart County, Tennessee
Property tax bills in Stewart County, TN are calculated based on the assessed value of a property, which is a percentage of its market value. The local government then applies the tax rate to this assessed value to determine the final tax bill. In Stewart County, the median home price is $102,200, and property tax rates can vary significantly. Homeowners in the 25th percentile typically pay around $372, while those in the 75th percentile face bills close to $1,046. At the 90th percentile, tax bills can reach up to $1,577. Several factors influence these tax bills, including property location and market value fluctuations. For instance, Woodlawn has the highest median tax bill at $834, while Erin features the lowest at $404. These variations can significantly impact homeowners, affecting their overall financial planning and budgeting. Compared to the national median property tax rate of 0.99%, Stewart County's rates offer a diverse range depending on specific local conditions and property values.
Average Stewart County Tax Bill
$644
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Stewart County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Rock | $186 | $372 | $611 | $938 | $1,377 |
| Bumpus Mills | $149 | $326 | $526 | $811 | $1,405 |
| Cumberland City | $159 | $367 | $592 | $968 | $1,551 |
| Dover | $160 | $384 | $682 | $1,110 | $1,686 |
| Erin | $280 | $345 | $404 | $538 | $791 |
| Indian Mound | $200 | $384 | $626 | $1,065 | $1,532 |
| Stewart | $117 | $267 | $498 | $807 | $1,288 |
| Tennessee Ridge | $196 | $399 | $724 | $1,101 | $1,528 |
| Woodlawn | $834 | $834 | $834 | $834 | $834 |
Source: Ownwell
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