Kingston Springs, Tennessee Property Taxes
The median property tax rate in Kingston Springs, TN is 0.47%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $284,100 in Kingston Springs, the typical annual property tax bill amounts to $1,335, well below the national median of $2,690. Property taxes in Kingston Springs are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kingston Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kingston Springs or another part of Williamson County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kingston Springs, 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 Kingston Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingston Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingston Springs 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 Kingston Springs, Tennessee
Property taxes in Kingston Springs, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingston Springs is 0.47%, which is lower than the U.S. national median of 0.99%. Local government entities within Kingston Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingston Springs 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 Kingston Springs' effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37082 zip code has the highest median property tax rate of 0.47%, while the same 37082 zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Kingston Springs provides valuable insights into the varying tax landscape across Williamson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingston Springs Tax Rate
0.47%
Average Williamson County Tax Rate
0.54%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingston Springs, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37082 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Kingston Springs, Tennessee
In Kingston Springs, 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 local 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 Kingston Springs, 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 Kingston Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Interestingly, the zip code 37082 in Kingston Springs has both the highest and lowest median tax bill at $1,335. By understanding these nuances, homeowners can make informed decisions and potentially lower their property tax burdens.
Property Tax Assessment Values Across Kingston Springs, Tennessee
Source: Ownwell
$161,000
$549,800
$938,600
Average Kingston Springs Assessed Value
$284,100
Average Williamson County Assessed Value
$492,600
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingston Springs, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37082 | $169,620 | $216,150 | $284,100 | $338,875 | $361,690 |
Source: Ownwell
Property Tax Bills Across Kingston Springs, Tennessee
In Kingston Springs, located in Williamson County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is derived from the market value, which is then multiplied by the assessment ratio set by the state. For residential properties, this ratio is typically 25%. Once the assessed value is determined, the local tax rate, known as the millage rate, is applied to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and market conditions. For instance, the median home price in Kingston Springs is $284,100. Homeowners in the 25th percentile of tax bills pay around $1,016 annually, while those in the 75th percentile see bills of approximately $1,590. The highest median tax bill in the area is $1,335. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and public safety. By understanding how these bills are calculated, homeowners can better anticipate their annual expenses and manage their finances accordingly.
Average Kingston Springs Tax Bill
$1,335
Average Williamson County Tax Bill
$2,616
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingston Springs, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37082 | $797 | $1,016 | $1,335 | $1,590 | $1,692 |
Source: Ownwell