Beech Bluff, Tennessee Property Taxes
The median property tax rate in Beech Bluff, TN is 0.62%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Beech Bluff at $142,800, the typical annual property tax bill is $868, significantly below the national median of $2,690. Property taxes in Beech Bluff are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Beech Bluff'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 Beech Bluff or another part of Chester County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beech Bluff, 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 Beech Bluff Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Beech Bluff with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Beech Bluff to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available by scrolling down. Your property’s assessed value is the figure assigned by Chester County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Beech Bluff, Tennessee
Property taxes in Beech Bluff, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beech Bluff is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Beech Bluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beech Bluff 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 Beech Bluff's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 38313 has both the highest and lowest median property tax rate of 0.62%. Understanding how these cities compare with Beech Bluff provides valuable insights into the varying tax landscape across Chester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beech Bluff Tax Rate
0.62%
Average Chester County Tax Rate
0.62%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beech Bluff, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38313 | 0.49% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Beech Bluff, Tennessee
In Beech Bluff, 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 Chester 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. In Beech Bluff, 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 Beech Bluff 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 38313, valued at $868.
Average Beech Bluff Assessed Value
$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 Beech Bluff, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38313 | $39,440 | $90,400 | $142,800 | $209,750 | $297,020 |
Source: Ownwell
Property Tax Bills Across Beech Bluff, Tennessee
Property tax bills in Beech Bluff, Chester County, TN, are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. In Beech Bluff, the median home price stands at $142,800. Homeowners can expect their tax bills to vary depending on the assessed value and the local tax rate. The property tax rate in this region is relatively low compared to the national median property tax rate of 0.99%. For instance, the tax bill for the 25th percentile is $537, while it reaches $1,244 for the 75th percentile and $1,682 for the 90th percentile. These figures illustrate how property taxes can significantly impact homeowners' annual expenses. The highest and lowest median tax bills in the area are both $868, located in the 38313 zip code. Understanding these factors can help homeowners in Beech Bluff better anticipate their annual property tax obligations and manage their finances accordingly.
Average Beech Bluff Tax Bill
$868
Average Chester County Tax Bill
$763
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Beech Bluff, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38313 | $245 | $537 | $868 | $1,244 | $1,682 |
Source: Ownwell