Greenbrier, Tennessee Property Taxes
The median property tax rate in Greenbrier, TN is 0.95%, slightly lower than the national median of 0.99% but notably higher than the Tennessee state median of 0.64%. With the median home value in Greenbrier at $36,784, the typical annual property tax bill amounts to $1,180, which falls below the national median of $2,690. Property taxes in Greenbrier are determined based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Greenbrier'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 Greenbrier or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greenbrier, 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 Greenbrier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenbrier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenbrier 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 Greenbrier, Tennessee
Property taxes in Greenbrier, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenbrier is 0.63%, which is significantly lower than both the Tennessee state median of 0.71% and the U.S. national median of 0.99%. Local government entities within Greenbrier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenbrier 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 Greenbrier's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37073 zip code has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Greenbrier provides valuable insights into the varying tax landscape across Robertson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greenbrier 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 Greenbrier, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37073 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Greenbrier, Tennessee
In Greenbrier, 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's Office 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 Greenbrier, 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 Greenbrier 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 $1,180, found in zip code 37073.
Average Greenbrier Assessed Value
$36,784
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 Greenbrier, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37073 | $7,357 | $18,392 | $36,784 | $124,588 | $177,270 |
Source: Ownwell
Property Tax Bills Across Greenbrier, Tennessee
In Greenbrier, Tennessee, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Factors such as location, property size, and home improvements can influence this assessed value. Homeowners in Greenbrier pay property taxes that can vary significantly, with the 25th percentile tax bill around $764 and the 75th percentile reaching up to $1,596. The 90th percentile tax bill can be as high as $1,845. These property tax bills are crucial for homeowners as they directly impact the overall cost of owning a home. The median home price in Greenbrier is $36,784, which is relatively low compared to national figures. However, the property tax rate in this area can still represent a significant annual expense. Understanding how these taxes are calculated and what factors influence them can help homeowners better manage their financial planning and anticipate future tax obligations.
Average Greenbrier Tax Bill
$1,180
Average Davidson County Tax Bill
$2,764
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenbrier, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37073 | $515 | $764 | $1,180 | $1,596 | $1,845 |
Source: Ownwell