Hartsville, Tennessee Property Taxes
The median property tax rate in Hartsville, TN is 0.60%, notably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Hartsville at $53,650, the typical annual property tax bill is $320, significantly below the national median of $2,690. Property taxes in Hartsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hartsville'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 Hartsville 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
Hartsville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$322
Ownwell’s Hartsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartsville 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 Hartsville, Tennessee
Property taxes in Hartsville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartsville stands at 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Hartsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartsville 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 Hartsville's effective property tax rate to other areas in Macon County and the national median. For comparison, the zip code 37074 has both the highest and lowest median property tax rate in the area at 0.60%. Understanding how these cities compare with Hartsville provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartsville Tax Rate
0.60%
Average Macon County Tax Rate
0.60%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartsville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37074 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Hartsville, Tennessee
In Hartsville, 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 Hartsville, 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. The median home price in Hartsville is $53,650, with tax bills ranging from $157 at the 25th percentile to $872 at the 90th percentile. The highest and lowest median tax bill in the area is $320, found in the 37074 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hartsville Assessed Value
$53,650
Average Macon County Assessed Value
$73,400
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hartsville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37074 | $14,820 | $26,150 | $53,650 | $92,700 | $143,110 |
Source: Ownwell
Property Tax Bills Across Hartsville, Tennessee
In Hartsville, property tax bills are determined by assessing the value of a home and applying the local tax rate. For homeowners in Macon County, the median home price is $53,650. The tax bill is influenced by the assessed value of the property, which is a percentage of the market value, and the local tax rate. Homeowners in Hartsville can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $157, while at the 75th percentile, it rises to $565. At the 90th percentile, it can reach up to $872. The highest and lowest median tax bills in the area are both recorded at $320 in the 37074 zip code, reflecting some consistency in the median range. These tax bills impact homeowners by contributing to annual expenses, affecting overall affordability. Compared to the national median property tax rate of 0.99%, Hartsville's property taxes can be seen as relatively moderate, offering a more affordable living option for residents.
Average Hartsville Tax Bill
$320
Average Macon County Tax Bill
$483
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartsville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37074 | $88 | $157 | $320 | $565 | $872 |
Source: Ownwell