Cunningham, Tennessee Property Taxes
The median property tax rate in Cunningham, TN is 0.59%, which is notably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Cunningham at $124,100, the typical annual property tax bill amounts to $729, significantly below the national median of $2,690. Property taxes in Cunningham are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cunningham'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 Cunningham 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
Cunningham, 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 Cunningham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cunningham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cunningham 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 Cunningham, Tennessee
Property taxes in Cunningham, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cunningham is 0.59%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Cunningham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cunningham 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 Cunningham's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37052 zip code has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Cunningham provides valuable insights into the varying tax landscape across Dickson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cunningham Tax Rate
0.59%
Average Dickson County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cunningham, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37052 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Cunningham, Tennessee
In Cunningham, 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 Dickson 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 Cunningham, 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. For instance, the highest median tax bill in Cunningham is $729 in the 37052 zip code, while the lowest median tax bill is also $729 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cunningham Assessed Value
$124,100
Average Dickson County Assessed Value
$180,000
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cunningham, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37052 | $42,950 | $78,100 | $124,100 | $217,975 | $299,250 |
Source: Ownwell
Property Tax Bills Across Cunningham, Tennessee
In Cunningham, TN, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the local tax assessor and represents a percentage of the property's market value. For homeowners in Cunningham, the median home price is $124,100. Property taxes are then calculated by applying the local tax rate to the assessed value. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. Homeowners can expect to pay varying amounts in property taxes, with the 25th percentile tax bill at $459 and the 75th percentile at $1,280. The 90th percentile tax bill can go up to $1,758. Compared to the national median property tax rate of 0.99%, Cunningham's tax rates are relatively moderate, making it an attractive option for homeowners. However, property taxes still represent a significant expense and can impact overall housing affordability.
Average Cunningham Tax Bill
$729
Average Dickson County Tax Bill
$1,201
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Cunningham, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37052 | $252 | $459 | $729 | $1,280 | $1,758 |
Source: Ownwell