Jefferson City, Tennessee Property Taxes
The median property tax rate in Jefferson City, 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 Jefferson City at $63,300, the typical annual property tax bill is $312, far below the national median of $2,690. Property taxes in Jefferson City 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 Jefferson 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 Jefferson City 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
Jefferson City, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$310
Ownwell’s Jefferson City Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Jefferson City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jefferson City to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available further down the page. Your property’s assessed value is the value assigned by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Jefferson City, Tennessee
Property taxes in Jefferson City, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jefferson City is 0.49%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Jefferson City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jefferson 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 Jefferson City's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37760 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 Jefferson City 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 Jefferson City 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 Jefferson City, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37760 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson City, Tennessee
In Jefferson 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 local 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 Jefferson 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 Jefferson City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Jefferson City, the highest and lowest median tax bills are both $312, found in the 37760 zip code.
Property Tax Assessment Values Across Jefferson City, Tennessee
Source: Ownwell
$11,400
$70,800
$130,200
Average Jefferson City Assessed Value
$63,300
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 Jefferson City, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37760 | $63,300 | $63,300 | $63,300 | $63,300 | $63,300 |
Source: Ownwell
Property Tax Bills Across Jefferson City, Tennessee
In Jefferson City, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value of the property. For Jefferson City, the median home price is $63,300. The property tax rate is applied to this assessed value to calculate the tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. The tax rate in Jefferson City is relatively low compared to the national median property tax rate of 0.99%. Homeowners in the area can expect a median tax bill of $312, which falls in line with the 25th, 75th, and 90th percentiles, all showing the same amount. This consistency in tax bills provides a predictable financial obligation for homeowners, making it easier to budget for annual expenses. Overall, the property tax structure in Jefferson City offers a manageable tax burden for its residents.
Average Jefferson City Tax Bill
$312
Average Hamblen County Tax Bill
$619
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson City, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37760 | $312 | $312 | $312 | $312 | $312 |
Source: Ownwell