Dyersburg, Tennessee Property Taxes
The median property tax rate in Dyersburg, TN is 0.61%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $83,300 in Dyersburg, the typical annual property tax bill is $646, significantly below the national median of $2,690. Property taxes in Dyersburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Dyersburg'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 Dyersburg or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dyersburg, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$508
Ownwell’s Dyersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dyersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dyersburg 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 Dyersburg, Tennessee
Property taxes in Dyersburg, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dyersburg is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Dyersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dyersburg 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 Dyersburg's effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 38024 has the highest median property tax rate of 0.61%, while the lowest median tax rate is also 0.61% in the same zip code. Understanding how these cities compare with Dyersburg provides valuable insights into the varying tax landscape across Dyer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dyersburg Tax Rate
0.61%
Average Dyer County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dyersburg, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38024 | 0.59% | 0.59% | 0.61% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Dyersburg, Tennessee
In Dyersburg, 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 Dyer 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 Dyersburg, 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. With a median home price of $83,300, the tax bills vary significantly, from the 25th percentile at $350 to the 90th percentile at $1,896. Notably, the highest and lowest median tax bills are both $646, found in the 38024 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dyersburg Assessed Value
$83,300
Average Dyer County Assessed Value
$83,700
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dyersburg, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38024 | $26,700 | $45,300 | $83,300 | $139,500 | $225,750 |
Source: Ownwell
Property Tax Bills Across Dyersburg, Tennessee
In Dyersburg, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Dyersburg can expect a median property tax bill of $646, with the 25th percentile paying around $350 and the 75th percentile paying approximately $1,158. For those in the 90th percentile, tax bills can reach up to $1,896. These figures are influenced by factors such as property size, location, and market trends. Compared to the national median property tax rate of 0.99%, Dyersburg offers relatively affordable property taxes, making it an attractive location for homeowners. The tax revenue collected is essential for funding local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan their finances accordingly.
Average Dyersburg Tax Bill
$646
Average Dyer County Tax Bill
$585
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Dyersburg, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38024 | $156 | $350 | $646 | $1,158 | $1,896 |
Source: Ownwell