Pleasantville, Tennessee Property Taxes
The median property tax rate in Pleasantville, TN is 0.58%, notably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Pleasantville at $87,900, the typical annual property tax bill is approximately $490, far below the national median of $2,690. Property taxes in Pleasantville 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 Pleasantville'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 Pleasantville 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
Pleasantville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$510
Ownwell’s Pleasantville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasantville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasantville 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 Pleasantville, Tennessee
Property taxes in Pleasantville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasantville is 0.58%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Pleasantville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasantville 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 Pleasantville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37033 zip code has the highest median property tax rate of 0.58%, while the 37033 zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Pleasantville provides valuable insights into the varying tax landscape across Hickman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasantville Tax Rate
0.58%
Average Hickman County Tax Rate
0.58%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasantville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37033 | 0.39% | 0.53% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Pleasantville, Tennessee
In Pleasantville, 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 Hickman 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. Assessment notices in Pleasantville 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 example, the median home price in Pleasantville is $87,900, with tax bills ranging from $222 at the 25th percentile to $1,501 at the 90th percentile. The zip code with the highest and lowest median tax bill is 37033, both at $490. 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 Pleasantville Assessed Value
$87,900
Average Hickman County Assessed Value
$65,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pleasantville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37033 | $20,700 | $38,200 | $87,900 | $177,400 | $307,360 |
Source: Ownwell
Property Tax Bills Across Pleasantville, Tennessee
In Pleasantville, Hickman County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners, understanding this process is crucial. The median home price in Pleasantville is $87,900. Tax bills in the area vary significantly, with the 25th percentile at $222 and the 75th percentile reaching $866. For those at the 90th percentile, the tax bill can go up to $1,501. The property tax rate is determined by local government budgets and needs, and it directly impacts the amount homeowners owe. This rate is applied to the assessed value of the property, resulting in the annual tax bill. Compared to the national median property tax rate of 0.99%, Pleasantville's tax bills reflect the local economic and governmental landscape. Homeowners must account for these taxes in their annual budgets, as they contribute to public services such as schools, infrastructure, and emergency services. Understanding these factors helps homeowners plan better financially and stay informed about their obligations.
Average Pleasantville Tax Bill
$490
Average Hickman County Tax Bill
$379
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasantville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37033 | $115 | $222 | $490 | $866 | $1,501 |
Source: Ownwell