Clarksville, Tennessee Property Taxes
The median property tax rate in Clarksville, TN is 0.64%, which aligns with the state median but is significantly lower than the national median of 0.99%. With a median home value of $161,850, the typical annual property tax bill in Clarksville is $1,042, considerably below the national median of $2,690. Property taxes in Clarksville are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Clarksville'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 Clarksville or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarksville, 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 Clarksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksville 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 Clarksville, Tennessee
Property taxes in Clarksville, Tennessee, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksville is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Clarksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksville 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 Clarksville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37043 zip code has the highest median property tax rate of 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these areas compare with Clarksville provides valuable insights into the varying tax landscape across Robertson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarksville Tax Rate
0.64%
Average Robertson County Tax Rate
0.64%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37043 | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Clarksville, Tennessee
In Clarksville, 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 Clarksville, 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 Clarksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 37043, with a median tax bill of $1042.
Average Clarksville Assessed Value
$161,850
Average Robertson County Assessed Value
$178,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarksville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37043 | $156,370 | $158,425 | $161,850 | $165,275 | $167,330 |
Source: Ownwell
Property Tax Bills Across Clarksville, Tennessee
In Clarksville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. For instance, if the median home price in Clarksville is $161,850, the assessed value will be a fraction of this amount, depending on the state's assessment ratio. Once the assessed value is established, local tax rates are applied to calculate the tax bill. In Clarksville, the median property tax bill falls between $1,020 and $1,077, with the highest median tax bill recorded at $1,042 in the 37043 zip code. These figures are relatively lower compared to the national median property tax rate of 0.99%, making Clarksville an attractive option for homeowners seeking affordability. Factors such as property improvements, neighborhood developments, and changes in local tax rates can influence the final tax bill. Homeowners should stay informed about these variables, as they directly impact annual property tax obligations.
Average Clarksville Tax Bill
$1,042
Average Robertson County Tax Bill
$1,400
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37043 | $1,007 | $1,020 | $1,042 | $1,064 | $1,077 |
Source: Ownwell