Whitesburg, Tennessee Property Taxes
The median property tax rate in Whitesburg, TN is 0.58%, considerably lower than both the national median of 0.99% and Tennessee's state median of 0.64%. With the median home value in Whitesburg at $56,900, the typical annual property tax bill is $330, which is significantly below the national median of $2,690. Property taxes in Whitesburg 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 Whitesburg'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 Whitesburg 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
Whitesburg, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$330
Ownwell’s Whitesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitesburg 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 Whitesburg, Tennessee
Property taxes in Whitesburg, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitesburg is 0.58%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Whitesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitesburg 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 Whitesburg's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37891 has both the highest and lowest median property tax rate of 0.58%. Understanding how these cities compare with Whitesburg provides valuable insights into the varying tax landscape across Hawkins County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitesburg Tax Rate
0.58%
Average Hawkins County Tax Rate
0.58%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitesburg, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37891 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Whitesburg, Tennessee
In Whitesburg, 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 Hawkins 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 Whitesburg, 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 Whitesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 37891 has both the highest and lowest median tax bills, each at $330.
Average Whitesburg Assessed Value
$56,900
Average Hawkins County Assessed Value
$69,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitesburg, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37891 | $14,130 | $23,225 | $56,900 | $110,650 | $205,680 |
Source: Ownwell
Property Tax Bills Across Whitesburg, Tennessee
In Whitesburg, Hawkins County, TN, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $56,900, and property taxes are calculated based on this value. The tax rate is applied to the assessed value to determine the annual tax bill. For homeowners, the tax bill can vary significantly; for example, the 25th percentile tax bill is $134, while the 75th percentile tax bill reaches $641. At the higher end, the 90th percentile tax bill is $1,192. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Whitesburg offers a relatively affordable tax environment. This variability in tax bills can impact homeowners' financial planning, making it crucial to understand how these factors contribute to their overall tax liability.
Average Whitesburg Tax Bill
$330
Average Hawkins County Tax Bill
$448
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitesburg, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37891 | $82 | $134 | $330 | $641 | $1,192 |
Source: Ownwell