Ashland City, Tennessee Property Taxes
The median property tax rate in Ashland City, TN is 0.95%, slightly below the national median of 0.99% but notably higher than the Tennessee state median of 0.64%. With a median home value of $191,850 in Ashland City, the typical annual property tax bill amounts to $1,817, which is lower than the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Ashland City'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 Ashland City or another part of the area, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ashland City, 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 Ashland City Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Ashland City. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Ashland City to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities and plan accordingly. 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 tax purposes, factoring in any applicable exemptions.
Property Tax Rates Across Ashland City, Tennessee
Property taxes in Ashland City, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashland City is 0.95%, which is lower than the U.S. national median of 0.99%. Local government entities within Ashland City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashland City 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 Ashland City's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37015 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Ashland City provides valuable insights into the varying tax landscape across Davidson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashland City Tax Rate
0.95%
Average Davidson County Tax Rate
0.95%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashland City, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37015 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Ashland City, Tennessee
In Ashland City, 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 Davidson County Assessor 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 Ashland City, 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 Ashland City 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 $1,817, found in the 37015 zip code.
Property Tax Assessment Values Across Ashland City, Tennessee
Source: Ownwell
$36,784
$558,792
$1,080,800
Average Ashland City Assessed Value
$191,850
Average Davidson County Assessed Value
$291,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashland City, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37015 | $45,255 | $117,410 | $191,850 | $273,375 | $416,411 |
Source: Ownwell
Property Tax Bills Across Ashland City, Tennessee
Property tax bills in Ashland City, located in Davidson County, TN, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and typically represents a percentage of the market value of the home. In this region, the median home price is $191,850, which serves as a baseline for many tax assessments. The property tax rate in Ashland City is applied to the assessed value to determine the annual tax bill. Various factors, such as property size, location, and market conditions, influence the assessed value. For homeowners, understanding these factors is crucial as they directly impact the amount owed. Tax bills can vary significantly within the city. For instance, the 25th percentile tax bill is $1,112, while the 75th percentile tax bill is $2,589. At the 90th percentile, tax bills can reach up to $3,943. These variations highlight the importance of accurate property assessments and the potential financial impact on homeowners in Ashland City.
Average Ashland City Tax Bill
$1,817
Average Davidson County Tax Bill
$2,764
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashland City, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37015 | $429 | $1,112 | $1,817 | $2,589 | $3,943 |
Source: Ownwell