Hendersonville, Tennessee Property Taxes
The median property tax rate in Hendersonville, TN is 0.82%, which is lower than the national median of 0.99% but higher than the Tennessee state median of 0.64%. With a median home value of $292,700 in Hendersonville, the typical annual property tax bill amounts to $2,271, falling below the national median of $2,690. Property taxes in Hendersonville are based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Hendersonville'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 Hendersonville or another part of Sumner County, a solid grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hendersonville, 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 Hendersonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hendersonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hendersonville 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 Hendersonville, Tennessee
Property taxes in Hendersonville, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hendersonville is 0.82%, lower than the U.S. national median of 0.99%. Local government entities within Hendersonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hendersonville 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 Hendersonville's effective property tax rate to other areas in the region and the national median. For comparison, the 37075 zip code has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these areas compare with Hendersonville provides valuable insights into the varying tax landscape across Sumner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hendersonville Tax Rate
0.82%
Average Sumner County Tax Rate
0.76%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hendersonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37075 | 0.56% | 0.81% | 0.82% | 0.82% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Hendersonville, Tennessee
In Hendersonville, 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 Sumner County Assessor 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. 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 Hendersonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest and lowest median tax bill is 37075, both at $2,271.
Property Tax Assessment Values Across Hendersonville, Tennessee
Source: Ownwell
$127,500
$210,100
$292,700
Average Hendersonville Assessed Value
$292,700
Average Sumner County Assessed Value
$246,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hendersonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37075 | $187,500 | $223,600 | $292,700 | $380,300 | $492,620 |
Source: Ownwell
Property Tax Bills Across Hendersonville, Tennessee
In Hendersonville, located in Sumner County, TN, property tax bills are determined by assessing the value of a property and applying the local tax rate to this assessed value. The median home price in Hendersonville stands at $292,700. Property taxes are calculated by multiplying the assessed value of the property by the local tax rate. For instance, the median tax bill in the area is $2,271, which is relatively lower than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the market value of the home, local tax rates, and any applicable exemptions. Homeowners in Hendersonville can expect tax bills to vary significantly, with the 25th percentile tax bill at $1,787 and the 75th percentile tax bill at $2,901. At the higher end, the 90th percentile tax bill reaches $3,728. These variations impact homeowners differently, affecting their annual financial planning and overall cost of living. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances effectively.
Average Hendersonville Tax Bill
$2,271
Average Sumner County Tax Bill
$1,839
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Hendersonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37075 | $1,466 | $1,787 | $2,271 | $2,901 | $3,728 |
Source: Ownwell