Bartow, Tennessee Property Taxes
The median property tax rate in Bartow, TN, is 0.63%, slightly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Bartow at $35,800, the typical annual property tax bill is around $225, significantly below the national median of $2,690. Property taxes in Bartow are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bartow'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 Bartow 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
Bartow, 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 Bartow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bartow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bartow 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 Bartow, Tennessee
Property taxes in Bartow, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bartow is 0.63%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Bartow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bartow 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 Bartow's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 33830 has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Bartow provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bartow Tax Rate
0.63%
Average Polk County Tax Rate
0.63%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bartow, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33830 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Bartow, Tennessee
In Bartow, 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 Polk 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 Bartow, 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 Bartow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 33830 has the highest and lowest median tax bill at $225.
Average Bartow Assessed Value
$35,800
Average Polk County Assessed Value
$48,850
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bartow, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33830 | $35,800 | $35,800 | $35,800 | $35,800 | $35,800 |
Source: Ownwell
Property Tax Bills Across Bartow, Tennessee
In Bartow, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. For homeowners, this means that their tax bill is directly influenced by the valuation placed on their home. The median home price in Bartow is $35,800, and the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors are considered when determining the assessed value, including the property's location, size, and any improvements made. In Bartow, the property tax bills are relatively uniform, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $225. This consistency suggests a stable assessment process within the region. Compared to the national median property tax rate of 0.99%, Bartow's property tax rate results in a manageable annual tax bill for homeowners. This stability in property tax bills can provide homeowners with a predictable financial outlook, making it easier to budget for their annual expenses.
Average Bartow Tax Bill
$225
Average Polk County Tax Bill
$310
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Bartow, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33830 | $225 | $225 | $225 | $225 | $225 |
Source: Ownwell