Huntingdon, Tennessee Property Taxes
The median property tax rate in Huntingdon, TN is 0.69%, slightly higher than the Tennessee state median of 0.64% but lower than the national median of 0.99%. With a median home value of $84,850 in Huntingdon, the typical annual property tax bill is approximately $685, which is below the national median of $2,690. Property taxes in Huntingdon are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Huntingdon'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 Huntingdon or another part of the city, being well-versed in the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Huntingdon, 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 Huntingdon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntingdon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntingdon 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 Huntingdon, Tennessee
Property taxes in Huntingdon, Tennessee, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntingdon is 0.69%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Huntingdon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntingdon 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 Huntingdon's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38344 zip code has the highest median property tax rate of 0.69%, while the 38344 zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Huntingdon provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huntingdon Tax Rate
0.69%
Average Carroll County Tax Rate
0.66%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntingdon, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38344 | 0.63% | 0.63% | 0.69% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Huntingdon, Tennessee
In Huntingdon, 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 Carroll 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. In Huntingdon, 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 Huntingdon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 38344 has both the highest and lowest median tax bills, averaging around $685.
Average Huntingdon Assessed Value
$84,850
Average Carroll County Assessed Value
$76,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huntingdon, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38344 | $27,270 | $50,900 | $84,850 | $134,875 | $213,020 |
Source: Ownwell
Property Tax Bills Across Huntingdon, Tennessee
In Huntingdon, TN, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. For instance, if a home has a median market value of $84,850, the assessed value would be calculated using the local assessment rate. The tax rate is then applied to this assessed value to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Huntingdon can expect varying tax bills depending on their property's assessed value. The 25th percentile tax bill is around $384, while the 75th percentile reaches approximately $1,070. For those in the 90th percentile, the tax bill can be as high as $1,630. Compared to the national median property tax rate of 0.99%, Huntingdon's property taxes can be relatively moderate, providing some relief to homeowners. However, understanding these factors is crucial for budgeting and financial planning.
Average Huntingdon Tax Bill
$685
Average Carroll County Tax Bill
$574
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntingdon, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38344 | $188 | $384 | $685 | $1,070 | $1,630 |
Source: Ownwell