New Johnsonville, Tennessee Property Taxes
The median property tax rate in New Johnsonville, TN is 0.85%, which is lower than the national median of 0.99% but higher than the Tennessee state median of 0.64%. With a median home value of $108,350, the typical annual property tax bill in New Johnsonville is $899, significantly below the national median of $2,690. Property taxes in New Johnsonville 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 New Johnsonville'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 New Johnsonville 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
New Johnsonville, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s NEW JOHNSONVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NEW JOHNSONVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NEW JOHNSONVILLE 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 New Johnsonville, Tennessee
Property taxes in New Johnsonville, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Johnsonville is 0.85%, lower than the U.S. national median of 0.99%. Local government entities within New Johnsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Johnsonville 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 New Johnsonville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37134 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with New Johnsonville provides valuable insights into the varying tax landscape across Humphreys County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Johnsonville Tax Rate
0.85%
Average Humphreys County Tax Rate
0.74%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Johnsonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37134 | 0.59% | 0.66% | 0.85% | 0.90% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across New Johnsonville, Tennessee
In New Johnsonville, 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 Humphreys 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 New Johnsonville, 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 New Johnsonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 37134, with a median tax bill of $899.
Property Tax Assessment Values Across New Johnsonville, Tennessee
Source: Ownwell
$105,000
$169,300
$233,600
Average New Johnsonville Assessed Value
$108,350
Average Humphreys County Assessed Value
$111,300
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Johnsonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37134 | $44,400 | $75,550 | $108,350 | $174,050 | $242,300 |
Source: Ownwell
Property Tax Bills Across New Johnsonville, Tennessee
In New Johnsonville, located in Humphreys County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and typically represents a percentage of the property's market value. Homeowners in New Johnsonville can expect their property tax bill to vary significantly depending on the assessed value of their property. For instance, tax bills range from the 25th percentile at $590 to the 90th percentile at $1965. The median home price in New Johnsonville is $108,350, and the corresponding median property tax bill is $899. This is significantly lower than the national median property tax rate of 0.99%. Factors such as property size, location, and any applicable exemptions or abatements also influence the final tax bill. These property taxes are crucial for funding local services, including schools, public safety, and infrastructure, directly impacting the community and homeowners' quality of life.
Average New Johnsonville Tax Bill
$899
Average Humphreys County Tax Bill
$930
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across New Johnsonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37134 | $322 | $590 | $899 | $1,360 | $1,965 |
Source: Ownwell