Stanton, Tennessee Property Taxes
The median property tax rate in Stanton, TN is 0.69%, which is lower than the national median of 0.99% but slightly higher than the Tennessee state median of 0.64%. With a median home value of $67,400 in Stanton, the typical annual property tax bill is $510, significantly below the national median of $2,690. Property taxes in Stanton are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Stanton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stanton or another part of Haywood County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Stanton, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$465
Ownwell’s Stanton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanton 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 Stanton, Tennessee
Property taxes in Stanton, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanton is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Stanton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanton 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 Stanton's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38069 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these areas compare with Stanton provides valuable insights into the varying tax landscape across Haywood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanton Tax Rate
0.69%
Average Haywood County Tax Rate
1.06%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanton, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38069 | 0.69% | 0.69% | 0.69% | 0.69% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Stanton, Tennessee
In Stanton, 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 Stanton, 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 Stanton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Stanton is $67,400, with tax bills ranging from $324 at the 25th percentile to $1,456 at the 90th percentile. Notably, the zip code with the highest and lowest median tax bill is 38069, both at $510.
Average Stanton Assessed Value
$67,400
Average Haywood County Assessed Value
$76,350
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanton, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38069 | $28,680 | $44,625 | $67,400 | $116,975 | $198,510 |
Source: Ownwell
Property Tax Bills Across Stanton, Tennessee
In Stanton, located in Haywood County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Stanton see a range of tax bills depending on their property's assessed value. For instance, the median home price in Stanton is $67,400. The property tax bill for homes at the 25th percentile is around $324, while at the 75th percentile, it rises to approximately $853. At the 90th percentile, the tax bill can reach up to $1,456. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Stanton's property tax rates can be seen as relatively moderate, making it an attractive place for homeowners looking for affordability. Understanding these factors helps homeowners in Stanton plan their finances better and ensures they are prepared for their annual tax obligations.
Average Stanton Tax Bill
$510
Average Haywood County Tax Bill
$746
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanton, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38069 | $205 | $324 | $510 | $853 | $1,456 |
Source: Ownwell