Nolensville, Tennessee Property Taxes
The median property tax rate in Nolensville, TN is 0.54%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Nolensville at $509,900, the typical annual property tax bill reaches $2,715, slightly above the national median of $2,690. Property taxes in Nolensville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Nolensville'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 Nolensville 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
Nolensville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$2,753
Ownwell’s Nolensville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Nolensville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Nolensville 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 Nolensville, Tennessee
Property taxes in Nolensville, Tennessee, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Nolensville is 0.54%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Nolensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nolensville 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 Nolensville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37135 zip code has both the highest and lowest median property tax rate of 0.54%. Understanding how these cities compare with Nolensville 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 Nolensville Tax Rate
0.54%
Average Williamson County Tax Rate
0.54%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nolensville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37135 | 0.47% | 0.54% | 0.54% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Nolensville, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Nolensville, TN. 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. Assessment notices in Nolensville 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 Nolensville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 37135, both valued at $2,715.
Average Nolensville Assessed Value
$509,900
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 Nolensville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37135 | $318,700 | $412,275 | $509,900 | $629,600 | $751,450 |
Source: Ownwell
Property Tax Bills Across Nolensville, Tennessee
In Nolensville, located in Williamson County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners in Nolensville, the median home price is $509,900. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including the home's market value, the assessment ratio, and the local tax rate. In Nolensville, the tax rate is relatively lower compared to the national median property tax rate of 0.99%. The tax bill can vary significantly; for instance, the 25th percentile tax bill is $2,179, while the 75th percentile tax bill is $3,325, and the 90th percentile tax bill reaches $4,005. Understanding these factors helps homeowners anticipate their annual property tax expenses and budget accordingly. The highest and lowest median tax bills in Nolensville are both $2,715, reflecting the uniformity in the local tax rate application within the zip code 37135.
Average Nolensville Tax Bill
$2,715
Average Williamson County Tax Bill
$2,616
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Nolensville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37135 | $1,731 | $2,179 | $2,715 | $3,325 | $4,005 |
Source: Ownwell