Brentwood, Tennessee Property Taxes
The median property tax rate in Brentwood, TN is 0.54%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Brentwood at $714,000, the typical annual property tax bill reaches $3,754, significantly higher than the national median of $2,690. Property taxes in Brentwood 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 Brentwood'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 Brentwood 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
Brentwood, 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 Brentwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brentwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brentwood 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 Brentwood, Tennessee
Property taxes in Brentwood, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brentwood is 0.54%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Brentwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brentwood 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 Brentwood's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37027 zip code has the highest median property tax rate of 0.54%, while the same zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Brentwood provides valuable insights into the varying tax landscape across Williamson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brentwood Tax Rate
0.54%
Average Williamson County Tax Rate
0.54%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brentwood, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37027 | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Brentwood, Tennessee
In Brentwood, 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 Williamson 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. 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 Brentwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 37027 has both the highest and lowest median tax bill, each at $3,754, reflecting the uniformity in property tax assessments within this area.
Average Brentwood Assessed Value
$714,000
Average Williamson County Assessed Value
$492,600
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brentwood, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37027 | $435,540 | $569,400 | $714,100 | $941,400 | $1,269,320 |
Source: Ownwell
Property Tax Bills Across Brentwood, Tennessee
In Brentwood, located in Williamson County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Brentwood is $714,000, and property tax rates in this area tend to be lower than the national median property tax rate of 0.99%. Homeowners in Brentwood can expect their tax bills to vary significantly. For instance, the tax bill for the 25th percentile is approximately $2,965, while the 75th percentile sees tax bills around $4,915. At the higher end, the 90th percentile tax bill can reach up to $6,612. The highest and lowest median tax bills in Brentwood are both recorded at $3,754 in the zip code 37027, indicating a relatively consistent property tax burden across different parts of the city. These property tax bills impact homeowners by influencing their overall cost of homeownership. Lower tax rates can make Brentwood an attractive place to live, especially when compared to areas with higher property tax burdens.
Average Brentwood Tax Bill
$3,754
Average Williamson County Tax Bill
$2,616
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Brentwood, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37027 | $1,962 | $2,965 | $3,754 | $4,915 | $6,612 |
Source: Ownwell