Enville, Tennessee Property Taxes
The median property tax rate in Enville, TN 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 $96,400 in Enville, the typical annual property tax bill is around $550, significantly less than the national median of $2,690. Property taxes in Enville 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. By understanding Enville's property tax system and exploring available exemptions, homeowners and real estate investors can uncover opportunities for substantial savings. Whether you're in the heart of Enville or another part of Chester County, gaining insight into the local property tax structure can be highly beneficial.
Last Updated June 14, 2024
Enville, 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 Enville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Enville quickly and accurately. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Enville to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in exploring trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Chester County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Enville, Tennessee
Property taxes in Enville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enville is 0.62%, lower than the U.S. national median of 0.99%. Local government entities within Enville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enville 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 Enville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38332 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Enville 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 Enville 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 Enville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38332 | 0.43% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Enville, Tennessee
In Enville, 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 Enville, 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 Enville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 38332, which stands at $550.
Average Enville Assessed Value
$96,400
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 Enville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38332 | $30,170 | $50,125 | $96,400 | $164,575 | $287,800 |
Source: Ownwell
Property Tax Bills Across Enville, Tennessee
In Enville, Chester County, TN, property tax bills are calculated based on the assessed value of the property, which is derived from the market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $96,400, homeowners can expect a tax bill that varies significantly depending on the specific valuation and applicable exemptions. The tax bill at the 25th percentile is $308, while at the 75th percentile, it rises to $925, and at the 90th percentile, it reaches $1,414. These figures highlight the variation in property tax bills within the area, influenced by factors such as property size, location, and any qualifying exemptions. The median tax bill in the highest and lowest zip codes of Chester County stands at $550. Compared to the national median property tax rate of 0.99%, Enville's property tax rates can have a notable impact on homeowners, affecting their annual financial planning and overall cost of homeownership.
Average Enville Tax Bill
$550
Average Chester County Tax Bill
$763
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Enville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38332 | $188 | $308 | $550 | $925 | $1,414 |
Source: Ownwell