Eagleville, Tennessee Property Taxes
The median property tax rate in Eagleville, TN is 0.47%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Eagleville at $411,600, the typical annual property tax bill is $2,184, which is below the national median of $2,690. Property taxes in Eagleville 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 Eagleville'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 Eagleville or another part of Rutherford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eagleville, 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 Eagleville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Eagleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eagleville 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 Rutherford County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Eagleville, Tennessee
Property taxes in Eagleville, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagleville is 0.47%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Eagleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagleville 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 Eagleville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37060 zip code has both the highest and lowest median property tax rate of 0.47%. Understanding how these areas compare with Eagleville provides valuable insights into the varying tax landscape across Rutherford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eagleville Tax Rate
0.47%
Average Rutherford County Tax Rate
0.60%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagleville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37060 | 0.47% | 0.47% | 0.47% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Eagleville, Tennessee
In Eagleville, 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 Rutherford 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 Eagleville, 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 Eagleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Eagleville is $411,600, with annual property tax bills ranging from $1,542 at the 25th percentile to $3,809 at the 90th percentile. The highest and lowest median tax bills are both found in the 37060 zip code, at $2,184.
Average Eagleville Assessed Value
$411,600
Average Rutherford County Assessed Value
$316,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eagleville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37060 | $217,320 | $292,600 | $411,600 | $553,025 | $783,350 |
Source: Ownwell
Property Tax Bills Across Eagleville, Tennessee
In Eagleville, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Rutherford County. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For instance, with a median home price of $411,600, the assessed value plays a crucial role in determining the final tax bill. Factors such as property size, location, and any improvements made can influence the assessed value. Homeowners in Eagleville can expect their property tax bills to vary significantly, with the 25th percentile tax bill around $1,542 and the 75th percentile reaching $2,852. The tax bill can go as high as $3,809 for those in the 90th percentile. Compared to the national median property tax rate of 0.99%, Eagleville's property tax rates can have a substantial impact on homeowners' financial planning and budgeting. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Eagleville Tax Bill
$2,184
Average Rutherford County Tax Bill
$1,892
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagleville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37060 | $1,122 | $1,542 | $2,184 | $2,852 | $3,809 |
Source: Ownwell