Clairfield, Tennessee Property Taxes
The median property tax rate in Clairfield, TN is 0.58%, considerably 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 $30,600, the typical annual property tax bill reaches $180, significantly 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 like the 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
0.58%
Estimate Property Tax Bill
$177
Ownwell’s Clairfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clairfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clairfield 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 Clairfield, Tennessee
Property taxes in Clairfield, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clairfield is 0.58%, 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 significantly 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 counties in Tennessee and the national median. For comparison, the 37715 zip code has both the highest and lowest median property tax rate of 0.58%. Understanding how these cities compare with Clairfield provides valuable insights into the varying tax landscape across Claiborne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clairfield Tax Rate
0.58%
Average Claiborne County Tax Rate
0.58%
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 | 0.57% | 0.57% | 0.58% | 0.58% | 0.58% |
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 Claiborne 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 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 with the highest and lowest median tax bill in Clairfield is 37715, with a median tax bill of $180.
Average Clairfield Assessed Value
$30,600
Average Claiborne County Assessed Value
$114,300
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 | $8,100 | $15,725 | $30,600 | $48,250 | $83,380 |
Source: Ownwell
Property Tax Bills Across Clairfield, Tennessee
In Clairfield, Claiborne County, TN, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this percentage is set by state law. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Clairfield can expect a tax bill ranging from $98 at the 25th percentile to $472 at the 90th percentile. The median home price in Clairfield is $30,600, which is significantly lower than the national median, resulting in relatively lower property tax bills. These tax bills can impact homeowners by contributing to the overall cost of homeownership. Lower property taxes can make homeownership more affordable, but they also mean less revenue for local services and infrastructure.
Average Clairfield Tax Bill
$180
Average Claiborne County Tax Bill
$680
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 | $50 | $98 | $180 | $278 | $472 |
Source: Ownwell