Andersonville, Tennessee Property Taxes
The median property tax rate in Andersonville, TN is 0.66%, slightly higher than the state median of 0.64% but lower than the national median of 0.99%. With the median home value in Andersonville, the typical annual property tax bill reaches $1,216, which is below the national median of $2,690. Property taxes in Andersonville 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 Andersonville'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 Andersonville 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
Andersonville, 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 Andersonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Andersonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Andersonville 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 Andersonville, Tennessee
Property taxes in Andersonville, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Andersonville is 0.66%, which is below both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Andersonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Andersonville 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 Andersonville's effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 37705 has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these areas compare with Andersonville provides valuable insights into the varying tax landscape across Anderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Andersonville Tax Rate
0.66%
Average Anderson County Tax Rate
0.87%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Andersonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37705 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Andersonville, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Andersonville, Tennessee. 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 Anderson 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 Andersonville, 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. For instance, the highest median tax bill in Andersonville is $1216 in the 37705 zip code, while the lowest median tax bill is also $1216 in the same zip code. By being aware of these valuation processes, you can identify opportunities for protesting assessments or applying for exemptions to effectively manage your tax burden.
Average Andersonville Assessed Value
$186,700
Average Anderson County Assessed Value
$128,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Andersonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37705 | $58,290 | $112,050 | $186,700 | $284,400 | $390,200 |
Source: Ownwell
Property Tax Bills Across Andersonville, Tennessee
In Andersonville, TN, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of its market value. Homeowners in Andersonville can expect a range of property tax bills, with the 25th percentile at $735 and the 75th percentile reaching $1,874. The 90th percentile tax bill can go up to $2,675, illustrating the variation in tax responsibilities among residents. Several factors influence the tax bill, including the assessed value of the property, the local tax rate, and any applicable exemptions. The median home price in Andersonville is $186,700, which gives a context for these tax amounts. Compared to the national median property tax rate of 0.99%, Andersonville's tax rates and bills offer a unique perspective on local taxation. Homeowners need to consider these factors as they directly impact the overall cost of owning property in the area, influencing both monthly budgets and long-term financial planning.
Average Andersonville Tax Bill
$1,216
Average Anderson County Tax Bill
$1,127
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Andersonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37705 | $367 | $735 | $1,216 | $1,874 | $2,675 |
Source: Ownwell