Dandridge, Tennessee Property Taxes
The median property tax rate in Dandridge, TN is 0.49%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Dandridge, the typical annual property tax bill is $94, well below the national median of $2,690. Property taxes in Dandridge 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 Dandridge'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 Dandridge 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
Dandridge, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$93
Ownwell’s Dandridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dandridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dandridge 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 Dandridge, Tennessee
Property taxes in Dandridge, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dandridge is 0.49%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Dandridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dandridge 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 Dandridge's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37725 has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Dandridge provides valuable insights into the varying tax landscape across Hamblen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dandridge Tax Rate
0.49%
Average Hamblen County Tax Rate
0.49%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dandridge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37725 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Dandridge, Tennessee
In Dandridge, 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 Hamblen 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 Dandridge, 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. For instance, the median home price in Hamblen County is $19,000, with tax bills ranging from $94 at the 25th percentile to $94 at the 90th percentile. 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 Dandridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dandridge Assessed Value
$19,000
Average Hamblen County Assessed Value
$105,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dandridge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37725 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 |
Source: Ownwell
Property Tax Bills Across Dandridge, Tennessee
In Dandridge, located in Hamblen County, TN, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate, known as the millage rate, is then applied to this assessed value to determine the annual tax bill. For homeowners in Dandridge, the median home price is $19,000. Property tax bills can vary, but in this area, the 25th, 75th, and 90th percentiles all report a tax bill of $94, indicating a consistent rate across different property values. Several factors influence the tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local government authorities. Homeowners in Dandridge benefit from relatively low property taxes compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable, impacting decisions on buying, selling, and maintaining property in the area.
Average Dandridge Tax Bill
$94
Average Hamblen County Tax Bill
$619
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Dandridge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37725 | $94 | $94 | $94 | $94 | $94 |
Source: Ownwell