Evensville, Tennessee Property Taxes
The median property tax rate in Evensville, TN is 0.56%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $93,700 in Evensville, the typical annual property tax bill is $524, well below the national median of $2,690. Property taxes in Evensville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Evensville'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 Evensville or another part of Rhea County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Evensville, 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 Evensville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Evensville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Evensville 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 Evensville, Tennessee
Property taxes in Evensville, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Evensville is 0.56%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Evensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Evensville 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 Evensville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37332 zip code has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Evensville provides valuable insights into the varying tax landscape across Rhea County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Evensville Tax Rate
0.56%
Average Rhea County Tax Rate
0.56%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Evensville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37332 | 0.56% | 0.56% | 0.56% | 0.56% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Evensville, Tennessee
In Evensville, 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 Rhea 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 Evensville, 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 Evensville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both occur in the 37332 zip code, with a median tax bill of $524.
Average Evensville Assessed Value
$93,700
Average Rhea County Assessed Value
$105,200
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Evensville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37332 | $13,900 | $40,000 | $93,700 | $156,600 | $214,800 |
Source: Ownwell
Property Tax Bills Across Evensville, Tennessee
In Evensville, located in Rhea County, TN, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Homeowners then multiply this assessed value by the local tax rate to determine their annual property tax bill. For instance, with a median home price of $93,700, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $225, while those at the 75th percentile could see bills as high as $896. At the 90th percentile, the tax bill can reach up to $1,240. These variations depend on factors such as property size, location, and any applicable exemptions. Homeowners in Evensville should be aware that these property taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the quality of life in the community.
Average Evensville Tax Bill
$524
Average Rhea County Tax Bill
$668
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Evensville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37332 | $83 | $225 | $524 | $896 | $1,240 |
Source: Ownwell