Pleasantville, Tennessee Property Taxes
The median property tax rate in Pleasantville, TN is 0.57%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Pleasantville, the typical annual property tax bill amounts to $784, well below the national median of $2,690. Property taxes in Pleasantville are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pleasantville'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 Pleasantville or another part of the city, grasping 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
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Pleasantville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pleasantville with just two data inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Pleasantville to provide an estimate of your property tax bill. This valuable tool enables you to understand potential tax liabilities, helping you make informed financial decisions. For those curious about more localized trends, additional neighborhood-specific information is available. Your property’s assessed value, determined by Perry County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Pleasantville, Tennessee
Property taxes in Pleasantville, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasantville is 0.57%, significantly 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 regions in Tennessee and the national median. For comparison, the zip code 37033 has both the highest and lowest median property tax rate of 0.57%. Understanding how these areas compare with Pleasantville provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasantville Tax Rate
0.57%
Average Perry County Tax Rate
0.57%
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 | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Pleasantville, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pleasantville, Tennessee. The market value represents 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 Perry 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 Pleasantville, 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 Pleasantville is $136,600, with tax bills ranging from $542 at the 25th percentile to $1,102 at the 75th percentile, and up to $1,349 at the 90th percentile. The highest and lowest median tax bills both stand at $784 in the 37033 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Pleasantville, Tennessee
Source: Ownwell
$69,200
$167,275
$265,350
Average Pleasantville Assessed Value
$136,600
Average Perry County Assessed Value
$74,500
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 | $28,000 | $94,300 | $136,600 | $191,850 | $235,080 |
Source: Ownwell
Property Tax Bills Across Pleasantville, Tennessee
In Pleasantville, TN, property tax bills are calculated based on the assessed value of the home, which is derived from the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $136,600, homeowners in Pleasantville can expect a range of property tax bills depending on their specific property and assessment. Factors influencing the tax bill include the property's location within Perry County, any applicable exemptions, and the assessed value determined by local tax authorities. Homeowners in the 25th percentile typically see tax bills around $542, while those in the 75th percentile face bills closer to $1,102. The 90th percentile tax bill can reach up to $1,349. These property taxes play a crucial role in funding local services, including schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Pleasantville offers relatively affordable property tax rates, which can be a significant advantage for homeowners looking to manage their annual expenses.
Average Pleasantville Tax Bill
$784
Average Perry County Tax Bill
$432
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 | $161 | $542 | $784 | $1,102 | $1,349 |
Source: Ownwell