Auburntown, Tennessee Property Taxes
The median property tax rate in Auburntown, TN is 0.48%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $208,950 in Auburntown, the typical annual property tax bill is $989, well below the national median of $2,690. Property taxes in Auburntown are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Auburntown's property tax system, exploring available exemptions, and identifying potential reductions can result in substantial annual savings. Whether you're residing in Auburntown or investing in the area, understanding the local property tax landscape is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Auburntown, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$1,003
Ownwell’s Auburntown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburntown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburntown 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 Auburntown, Tennessee
Property taxes in Auburntown, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburntown is 0.48%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Auburntown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburntown 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 Auburntown's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37016 zip code has both the highest and lowest median property tax rate of 0.48%. Understanding how these cities compare with Auburntown provides valuable insights into the varying tax landscape across Wilson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburntown Tax Rate
0.48%
Average Wilson County Tax Rate
0.50%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburntown, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37016 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Auburntown, Tennessee
In AUBURNTOWN, 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 Wilson 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. 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. In AUBURNTOWN, the highest median tax bill is $989.00 in zip code 37016, while the lowest median tax bill is also $989.00 in the same zip code. 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 AUBURNTOWN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Auburntown Assessed Value
$208,950
Average Wilson County Assessed Value
$285,400
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburntown, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37016 | $32,420 | $94,675 | $208,950 | $312,600 | $447,000 |
Source: Ownwell
Property Tax Bills Across Auburntown, Tennessee
In Auburntown, Wilson County, TN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor's office, which evaluates the market value of the property and then applies an assessment ratio. For homeowners in Auburntown, the median home price is $208,950. The property tax rate in Wilson County is compared to the national median property tax rate of 0.99%. Homeowners in Auburntown can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $445, while at the 75th percentile, it rises to approximately $1,516, and at the 90th percentile, it can reach up to $2,176. These differences highlight how property taxes can impact homeowners differently based on their property's assessed value. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Auburntown Tax Bill
$989
Average Wilson County Tax Bill
$1,525
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburntown, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37016 | $150 | $445 | $989 | $1,516 | $2,176 |
Source: Ownwell