Dandridge, Tennessee Property Taxes
The median property tax rate in Dandridge, TN is 0.64%, aligning with the state median but notably lower than the national median of 0.99%. With a median home value of $213,800 in Dandridge, the typical annual property tax bill amounts to $1,368, significantly less than the national median of $2,690. Property taxes in Dandridge are calculated based on the assessed value, which is often lower than the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Dandridge'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 Dandridge or another part of Cocke County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dandridge, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,368
Ownwell’s Dandridge Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Dandridge with just two data inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Dandridge to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available further down the page. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Dandridge, Tennessee
Property taxes in Dandridge, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dandridge is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Dandridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dandridge 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 Dandridge's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37725 has the highest median property tax rate of 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with Dandridge provides valuable insights into the varying tax landscape across Cocke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dandridge Tax Rate
0.64%
Average Cocke County Tax Rate
0.64%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dandridge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37725 | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Dandridge, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dandridge, Tennessee. 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 Cocke 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 Dandridge, 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 Dandridge 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 bills is 37725, with a median tax bill of $1,368.
Average Dandridge Assessed Value
$213,800
Average Cocke County Assessed Value
$94,000
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dandridge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37725 | $213,800 | $213,800 | $213,800 | $213,800 | $213,800 |
Source: Ownwell
Property Tax Bills Across Dandridge, Tennessee
In Dandridge, Cocke County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Dandridge is $213,800. Homeowners in this area can expect a median property tax bill of $1,368, which is consistent across the 25th, 75th, and 90th percentiles. This uniformity indicates a stable tax rate within the region. Several factors influence the property tax bill, including the local tax rate set by Cocke County and any applicable exemptions or deductions. The tax rate is applied to the assessed value, not the market value, meaning the actual tax bill might be lower than if it were based on the home's full market price. For comparison, the national median property tax rate is 0.99%, making Dandridge's property taxes relatively moderate. For homeowners, understanding how these taxes are calculated is crucial for financial planning and budgeting. Accurate assessments ensure fairness and transparency, helping homeowners anticipate their annual tax obligations.
Average Dandridge Tax Bill
$1,368
Average Cocke County Tax Bill
$618
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Dandridge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37725 | $1,368 | $1,368 | $1,368 | $1,368 | $1,368 |
Source: Ownwell