Counce, Tennessee Property Taxes
The median property tax rate in Counce, TN is 0.47%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $176,400 in Counce, the typical annual property tax bill amounts to $845, well below the national median of $2,690. Property taxes in Counce are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Counce's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in the heart of Counce or another area within the county, being well-versed in the local property tax system will benefit both homeowners and real estate investors alike.
Last Updated June 14, 2024
Counce, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$829
Ownwell’s Counce Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Counce with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Counce 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 Counce, Tennessee
Property taxes in Counce, Tennessee, play a critical role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Counce is 0.47%, which is significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Counce set these rates annually, and they can vary significantly across different neighborhoods. Each year, Counce 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 Counce's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38326 zip code has both the highest and lowest median property tax rate of 0.47%. Understanding how these areas compare with Counce provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Counce Tax Rate
0.47%
Average Williamson County Tax Rate
0.54%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Counce, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38326 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Counce, Tennessee
In Counce, 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 Counce, 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 Counce helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 38326, with a median tax bill of $845.
Average Counce Assessed Value
$176,400
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 Counce, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38326 | $18,680 | $75,975 | $176,400 | $411,575 | $673,220 |
Source: Ownwell
Property Tax Bills Across Counce, Tennessee
In Counce, located in Williamson County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate, set by the county, is applied to calculate the tax bill. For homeowners in Counce, the median home price is $176,400. Property tax bills can vary significantly, with the 25th percentile tax bill at $373 and the 75th percentile tax bill at $1,989. At the higher end, the 90th percentile tax bill reaches $3,234. The highest and lowest median tax bills in the area are both $845, indicating a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, homeowners in Counce may find their tax bills to be relatively moderate, which can affect their overall cost of living and financial planning.
Average Counce Tax Bill
$845
Average Williamson County Tax Bill
$2,616
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Counce, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38326 | $88 | $373 | $845 | $1,989 | $3,234 |
Source: Ownwell