Gladeville, Tennessee Property Taxes
The median property tax rate in Gladeville, TN is 0.48%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Gladeville at $158,400, the typical annual property tax bill is $756, well below the national median of $2,690. Property taxes in Gladeville are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gladeville'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 Gladeville or another part of Wilson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gladeville, 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 Gladeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gladeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gladeville 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 Gladeville, Tennessee
Property taxes in Gladeville, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gladeville is 0.48%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Gladeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gladeville 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 Gladeville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37071 zip code has both the highest and lowest median property tax rate of 0.48%. Understanding how these cities compare with Gladeville provides valuable insights into the varying tax landscape across Wilson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gladeville Tax Rate
0.48%
Average Wilson County Tax Rate
0.50%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gladeville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37071 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Gladeville, Tennessee
In Gladeville, 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 Wilson 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 Gladeville, 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 Gladeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 37071 has the highest median tax bill at $756, which is also the lowest median tax bill in the area.
Average Gladeville Assessed Value
$158,400
Average Wilson County Assessed Value
$285,400
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gladeville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37071 | $146,000 | $150,650 | $158,400 | $202,600 | $229,120 |
Source: Ownwell
Property Tax Bills Across Gladeville, Tennessee
In Gladeville, Wilson County, TN, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, which is determined by the county assessor. For example, if the median home price is $158,400, the assessed value would be a fraction of this amount. The property tax rate is then applied to the assessed value to determine the annual tax bill. Factors that influence the tax bill include the property's location, size, and condition. In Gladeville, the property tax bills show a range of values. The 25th percentile tax bill is approximately $719, while the 75th percentile reaches around $967, and the 90th percentile is about $1094. The highest and lowest median tax bills in the area are both $756, indicating a relatively consistent tax rate across different properties. These property taxes are crucial for funding local services such as schools, emergency services, and infrastructure, directly impacting homeowners by contributing to the community's overall quality of life.
Average Gladeville Tax Bill
$756
Average Wilson County Tax Bill
$1,525
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Gladeville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37071 | $697 | $719 | $756 | $967 | $1,094 |
Source: Ownwell