Erin, Tennessee Property Taxes
The median property tax rate in Erin, TN is 0.70%, slightly higher than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Erin, the typical annual property tax bill reaches $722, significantly lower than the national median of $2,690. Property taxes in Erin 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 Erin'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 Erin or another part of Houston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Erin, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$645
Ownwell’s Erin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Erin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Erin 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 Erin, Tennessee
Property taxes in Erin, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Erin is 0.70%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Erin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Erin 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 Erin's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37061 zip code has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Erin provides valuable insights into the varying tax landscape across Houston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Erin Tax Rate
0.70%
Average Houston County Tax Rate
0.70%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Erin, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37061 | 0.70% | 0.70% | 0.70% | 0.89% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Erin, Tennessee
In Erin, 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 Houston 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 Erin, 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. Erin's median home price is $92,100, with tax bills ranging from $442 at the 25th percentile to $1,576 at the 90th percentile. The zip code with the highest and lowest median tax bill is 37061, at $722. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Erin Assessed Value
$92,100
Average Houston County Assessed Value
$92,550
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Erin, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37061 | $31,180 | $56,100 | $92,100 | $142,400 | $216,340 |
Source: Ownwell
Property Tax Bills Across Erin, Tennessee
In Erin, located in Houston 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 is then applied to this assessed value to determine the final tax bill. For homeowners in Erin, the median home price is $92,100, and tax bills can vary significantly. At the 25th percentile, homeowners might pay around $442 annually, while those at the 75th percentile could see tax bills of approximately $1,076. The 90th percentile tax bill can reach up to $1,576. Compared to the national median property tax rate of 0.99%, Erin's property tax bills reflect a range of values influenced by property assessments and local tax rates. These property taxes are crucial for funding public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Erin Tax Bill
$722
Average Houston County Tax Bill
$713
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Erin, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37061 | $237 | $442 | $722 | $1,076 | $1,576 |
Source: Ownwell