Clairfield, Tennessee Property Taxes
The median property tax rate in Clairfield, TN is 0.51%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Clairfield at $29,800, the typical annual property tax bill amounts to $150, well below the national median of $2,690. Property taxes in Clairfield are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Clairfield'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 Clairfield 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
Clairfield, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$152
Ownwell’s Clairfield Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and prospective buyers looking to estimate their annual property taxes in Clairfield. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Clairfield to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, neighborhood-level trends are also available for further exploration. The assessed value of your property, determined by the county, forms the basis for these calculations, factoring in any applicable exemptions.
Property Tax Rates Across Clairfield, Tennessee
Property taxes in Clairfield, Tennessee, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clairfield is 0.51%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Clairfield set these rates annually, and they can vary across different neighborhoods. Each year, Clairfield 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 Clairfield's effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 37715 has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these rates compare with Clairfield provides valuable insights into the varying tax landscape across Campbell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clairfield Tax Rate
0.51%
Average Campbell County Tax Rate
0.51%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clairfield, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37715 | 0.50% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Clairfield, Tennessee
In Clairfield, 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 Campbell 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 in Clairfield 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 Clairfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 37715 in Campbell County has the highest and lowest median tax bills, both at $150.
Average Clairfield Assessed Value
$29,800
Average Campbell County Assessed Value
$89,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clairfield, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37715 | $13,160 | $20,050 | $29,800 | $45,150 | $57,650 |
Source: Ownwell
Property Tax Bills Across Clairfield, Tennessee
In Clairfield, Campbell County, TN, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Clairfield is $29,800. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property location, improvements, and market trends can influence the assessed value. For instance, the tax bill at the 25th percentile is $94, while at the 75th percentile, it rises to $229. The 90th percentile sees tax bills as high as $292. These variations highlight how different property values and assessments result in different tax obligations for homeowners. The highest and lowest median tax bills in the area are both $150, indicating a relatively consistent tax rate. Compared to the national median property tax rate of 0.99%, Clairfield homeowners experience lower tax bills, which can be a significant factor in the overall affordability of homeownership in this region.
Average Clairfield Tax Bill
$150
Average Campbell County Tax Bill
$481
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Clairfield, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37715 | $67 | $94 | $150 | $229 | $292 |
Source: Ownwell