Chester County Property Taxes
The median property tax rate in Chester County is 0.62%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $125,450, the typical annual property tax bill in Chester County amounts to $763, significantly below the national median of $2,690. Property taxes in Chester County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Chester County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Henderson or another part of Chester County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chester County 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 Chester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Chester with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Chester to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Chester County, Tennessee
Property taxes in Chester play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Chester is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Chester set these rates annually, and they can vary significantly between different areas within the county. Each year, Chester estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Chester's effective property tax rate with other counties and the national median. For comparison, the city of Milledgeville has one of the higher property tax rates in Tennessee at 0.62%, while the city of Luray boasts one of the lowest at 0.62%. Analyzing how Chester's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Chester County Tax Rate
0.62%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chester County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beech Bluff | 0.49% | 0.62% | 0.62% | 0.62% | 0.62% |
| Bethel Springs | 0.41% | 0.62% | 0.62% | 0.62% | 0.62% |
| Enville | 0.43% | 0.62% | 0.62% | 0.62% | 0.62% |
| Finger | 0.51% | 0.62% | 0.62% | 0.62% | 0.62% |
| Henderson | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Hornsby | 0.37% | 0.62% | 0.62% | 0.62% | 0.62% |
| Jacks Creek | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Luray | 0.45% | 0.60% | 0.62% | 0.62% | 0.62% |
| Medon | 0.47% | 0.62% | 0.62% | 0.62% | 0.62% |
| Milledgeville | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Pinson | 0.51% | 0.62% | 0.62% | 0.62% | 0.62% |
| Reagan | 0.52% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Chester County, Tennessee
In Chester County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Chester County Appraisal District. The assessed value, however, 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 Chester County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Chester County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, the highest median tax bill in Chester County is found in Beech Bluff at $868, while the lowest is in Milledgeville at $391. By understanding these valuations and your tax bill, you can make informed decisions about your property taxes.
Property Tax Assessment Values Across Chester County, Tennessee
Source: Ownwell
$62,900
$102,850
$142,800
Average Chester County Assessed Value
$125,450
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chester County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beech Bluff | $39,440 | $90,400 | $142,800 | $209,750 | $297,020 |
| Bethel Springs | $18,840 | $44,250 | $76,250 | $132,925 | $262,260 |
| Enville | $30,170 | $50,125 | $96,400 | $164,575 | $287,800 |
| Finger | $33,610 | $70,750 | $111,400 | $203,625 | $315,810 |
| Henderson | $43,900 | $77,900 | $131,800 | $203,200 | $295,400 |
| Hornsby | $32,660 | $64,950 | $94,300 | $154,900 | $226,860 |
| Jacks Creek | $32,200 | $61,100 | $103,700 | $146,100 | $202,100 |
| Luray | $41,280 | $78,550 | $138,900 | $238,450 | $365,580 |
| Medon | $29,340 | $53,250 | $93,700 | $138,550 | $217,600 |
| Milledgeville | $50,100 | $53,100 | $62,900 | $96,200 | $352,760 |
| Pinson | $45,700 | $77,400 | $132,300 | $217,400 | $334,300 |
| Reagan | $22,760 | $42,350 | $89,300 | $136,800 | $215,880 |
Source: Ownwell
Property Tax Bills Across Chester County, Tennessee
In Chester County, TN, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The county's median home price stands at $125,450. Property taxes are calculated by multiplying the assessed value by the local tax rate. Several factors influence the tax bill, including the property's location and any applicable exemptions. For instance, Beech Bluff has the highest median tax bill in the county at $868, while Milledgeville has the lowest at $391. Homeowners in Chester County can expect tax bills to vary significantly. The 25th percentile tax bill is around $448, while the 75th percentile reaches $1,196, and the 90th percentile climbs to $1,730. These variations reflect differences in property values and local tax rates. Compared to the national median property tax rate of 0.99%, Chester County's rates can offer some relief to homeowners, but they still need to budget for these expenses, which can significantly impact their financial planning.
Average Chester County Tax Bill
$763
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Chester County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beech Bluff | $245 | $537 | $868 | $1,244 | $1,682 |
| Bethel Springs | $118 | $275 | $466 | $770 | $1,225 |
| Enville | $188 | $308 | $550 | $925 | $1,414 |
| Finger | $209 | $440 | $672 | $1,116 | $1,905 |
| Henderson | $272 | $489 | $821 | $1,242 | $1,769 |
| Hornsby | $203 | $388 | $554 | $745 | $1,253 |
| Jacks Creek | $200 | $360 | $645 | $887 | $1,225 |
| Luray | $252 | $464 | $810 | $1,269 | $1,725 |
| Medon | $182 | $323 | $466 | $799 | $1,237 |
| Milledgeville | $311 | $330 | $391 | $598 | $2,193 |
| Pinson | $284 | $463 | $814 | $1,222 | $2,022 |
| Reagan | $141 | $263 | $535 | $812 | $1,270 |
Source: Ownwell