Sparta, Tennessee Property Taxes
The median property tax rate in Sparta, TN is 0.51%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Sparta, the typical annual property tax bill reaches $630, significantly below the national median of $2,690. Property taxes in Sparta are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sparta'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 Sparta or another part of White County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sparta, 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 Sparta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sparta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sparta 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 Sparta, Tennessee
Property taxes in Sparta, Tennessee, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sparta is 0.51%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Sparta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sparta 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 Sparta's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38583 zip code has both the highest and lowest median property tax rate of 0.51%. Understanding how these cities compare with Sparta provides valuable insights into the varying tax landscape across White County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sparta Tax Rate
0.51%
Average White County Tax Rate
0.51%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sparta, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38583 | 0.51% | 0.51% | 0.51% | 0.51% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Sparta, Tennessee
In Sparta, 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 White County Assessor 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 Sparta, 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 Sparta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sparta is $630.00, with the zip code 38583 reflecting this value.
Average Sparta Assessed Value
$114,150
Average White County Assessed Value
$113,300
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sparta, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38583 | $33,270 | $69,700 | $114,150 | $173,000 | $249,500 |
Source: Ownwell
Property Tax Bills Across Sparta, Tennessee
In Sparta, located in White County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the market value of the property. For homeowners in Sparta, the median home price is $114,150. The tax bill can vary significantly, with the 25th percentile paying around $390 and the 75th percentile facing a tax bill of $946. At the 90th percentile, homeowners might see a property tax bill as high as $1,380. The highest median tax bill in the area is $630, and this applies uniformly across the zip code 38583. This figure is notably lower than the national median property tax rate of 0.99%, making Sparta an attractive location for homeowners looking to minimize their annual property tax expenses. The property tax bill affects homeowners by influencing their overall housing costs and can impact decisions on property investments and long-term residency plans.
Average Sparta Tax Bill
$630
Average White County Tax Bill
$619
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Sparta, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38583 | $182 | $390 | $630 | $946 | $1,380 |
Source: Ownwell