Bradyville, Tennessee Property Taxes
The median property tax rate in Bradyville, TN is 0.58%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Bradyville at $74,600, the typical annual property tax bill amounts to $524, well below the national median of $2,690. Property taxes in Bradyville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bradyville'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 Bradyville 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
Bradyville, 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 Bradyville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Bradyville using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Bradyville to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Bradyville, Tennessee
Property taxes in Bradyville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bradyville is 0.58%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Bradyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bradyville 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 Bradyville's effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 37026 has both the highest and lowest median property tax rate of 0.58%. Understanding how these areas compare with Bradyville provides valuable insights into the varying tax landscape across Coffee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bradyville Tax Rate
0.58%
Average Coffee County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bradyville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37026 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Bradyville, Tennessee
In Bradyville, 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 Coffee 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 Bradyville, 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 Bradyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bradyville are both $524.00, found in the 37026 zip code.
Average Bradyville Assessed Value
$74,600
Average Coffee County Assessed Value
$105,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bradyville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37026 | $31,900 | $44,300 | $74,600 | $218,200 | $342,420 |
Source: Ownwell
Property Tax Bills Across Bradyville, Tennessee
In Bradyville, 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 Bradyville is $74,600. Homeowners in Bradyville typically see a range of property tax bills, with the 25th percentile at $267 and the 75th percentile reaching $1,293. For those in the 90th percentile, tax bills can go up to $1,997. Several factors influence the final tax bill, including the property's assessed value and the local tax rate. Homeowners might find that their property tax bills differ significantly from the national median property tax rate of 0.99%. In Coffee County, where Bradyville is located, the highest median tax bill is recorded at $524 in the 37026 zip code, which is still considerably lower than many other regions. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Bradyville Tax Bill
$524
Average Coffee County Tax Bill
$805
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Bradyville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37026 | $186 | $267 | $524 | $1,293 | $1,997 |
Source: Ownwell