Decherd, Tennessee Property Taxes
The median property tax rate in Decherd, 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 Decherd at $74,100, the typical annual property tax bill reaches $432, far below the national median of $2,690. Property taxes in Decherd 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 Decherd'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 Decherd or another part of Coffee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Decherd, 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 Decherd Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Decherd with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Decherd to provide an estimated property tax bill. This invaluable tool helps you understand potential tax liabilities clearly. For those interested in exploring neighborhood-specific trends, additional localized information is available below. Your property’s assessed value is determined by Coffee County for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Decherd, Tennessee
Property taxes in Decherd, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Decherd 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 Decherd set these rates annually, and they can vary significantly across different neighborhoods. Each year, Decherd 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 Decherd's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37324 zip code has both the highest and lowest median property tax rate of 0.58%. Understanding how these cities compare with Decherd 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 Decherd 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 Decherd, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37324 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Decherd, Tennessee
In Decherd, 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 Decherd, 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 Decherd helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $432, found in the 37324 zip code.
Average Decherd Assessed Value
$74,100
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 Decherd, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37324 | $74,100 | $74,100 | $74,100 | $74,100 | $74,100 |
Source: Ownwell
Property Tax Bills Across Decherd, Tennessee
In Decherd, located in Coffee County, TN, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by evaluating the market value of the home, which in Decherd, has a median home price of $74,100. Property taxes are then applied to this assessed value using the local tax rate. In Decherd, property tax bills fall uniformly at $432, regardless of the home's market value within the typical range. This figure is significantly lower than the national median property tax rate of 0.99%, making it an attractive location for homeowners looking to save on property taxes. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value and subsequently, the tax bill. For homeowners, understanding these factors is crucial as they directly impact the annual property tax obligation. Overall, the relatively low and consistent property tax rate in Decherd provides financial relief and predictability for its residents.
Average Decherd Tax Bill
$432
Average Coffee County Tax Bill
$805
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Decherd, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37324 | $432 | $432 | $432 | $432 | $432 |
Source: Ownwell