Bedford County, Tennessee Property Taxes
The median property tax rate in Bedford County is 0.58%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Bedford County being $173,000, the typical annual property tax bill is $1,283, well below the national median of $2,690. Property taxes in Bedford County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Bedford County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Shelbyville or another part of Bedford County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bedford County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$1,003
$931
Ownwell’s Bedford County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bedford County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Bedford County to estimate your property tax bill. This tool provides valuable insights into your potential tax liabilities. For more localized information, scroll down to explore trends on a city level. Your property’s assessed value is determined by the county and incorporates any exemptions you may have, making it essential for accurate property tax calculations.
Property Tax Rates Across Bedford County, Tennessee
Property taxes in Bedford County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bedford County is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Bedford County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bedford County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Shelbyville has one of the higher property tax rates in Tennessee at 0.98%, while the city of Fayetteville boasts one of the lowest at 0.58%. Analyzing how Bedford County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bedford County Tax Rate
0.58%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bedford County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beechgrove | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Bell Buckle | 0.58% | 0.58% | 0.58% | 0.58% | 0.71% |
| Chapel Hill | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Eagleville | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Fayetteville | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Lewisburg | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Normandy | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Petersburg | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Rockvale | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Shelbyville | 0.58% | 0.58% | 0.98% | 0.98% | 0.98% |
| Tullahoma | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Unionville | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Wartrace | 0.58% | 0.58% | 0.58% | 0.62% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Bedford County, Tennessee
In Bedford County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Bedford County Appraisal District. The assessed value, however, 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 in Bedford County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Bedford County is $173,000, with tax bills ranging from $888 at the 25th percentile to $2,446 at the 90th percentile. Beechgrove has the highest median tax bill at $2,855, while Fayetteville has the lowest at $970. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Bedford County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Bedford County, Tennessee
Source: Ownwell
$163,100
$322,050
$481,000
Average Bedford County Assessed Value
$173,000
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bedford County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beechgrove | $211,900 | $308,250 | $481,000 | $579,850 | $721,120 |
| Bell Buckle | $108,600 | $157,900 | $219,300 | $326,900 | $450,300 |
| Chapel Hill | $73,600 | $112,400 | $168,400 | $251,000 | $356,120 |
| Eagleville | $101,860 | $170,100 | $271,200 | $312,700 | $379,440 |
| Fayetteville | $38,300 | $75,325 | $166,950 | $201,700 | $260,450 |
| Lewisburg | $63,620 | $112,900 | $177,300 | $265,100 | $374,680 |
| Normandy | $100,600 | $137,500 | $227,900 | $330,750 | $420,900 |
| Petersburg | $65,340 | $110,300 | $196,000 | $298,850 | $404,760 |
| Rockvale | $89,160 | $145,150 | $190,700 | $277,900 | $344,400 |
| Shelbyville | $78,800 | $112,800 | $163,100 | $229,900 | $330,420 |
| Tullahoma | $69,480 | $137,000 | $239,600 | $369,200 | $621,420 |
| Unionville | $87,770 | $133,700 | $178,950 | $238,875 | $342,260 |
| Wartrace | $85,320 | $128,650 | $195,300 | $288,850 | $433,980 |
Source: Ownwell
Property Tax Bills Across Bedford County, Tennessee
In Bedford County, TN, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in this region face a median home price of $173,000. The tax rate is applied to the assessed value to determine the final tax bill. For instance, the 25th percentile tax bill is $888, while the 75th percentile reaches $1,834, and the 90th percentile can be as high as $2,446. Compared to the national median property tax rate of 0.99%, Bedford County's tax rates can significantly influence homeowners' financial planning. In cities within the county, such as Beechgrove, the highest median tax bill is $2,855, whereas Fayetteville enjoys a lower median tax bill of $970. These variations highlight the importance of understanding local property tax assessments, as they directly impact annual financial obligations for homeowners.
Average Bedford County Tax Bill
$1,283
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Bedford County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beechgrove | $1,232 | $1,792 | $2,855 | $3,371 | $4,192 |
| Bell Buckle | $650 | $934 | $1,332 | $1,921 | $2,642 |
| Chapel Hill | $428 | $654 | $985 | $1,459 | $2,070 |
| Eagleville | $592 | $989 | $1,576 | $1,818 | $2,206 |
| Fayetteville | $222 | $438 | $970 | $1,172 | $1,514 |
| Lewisburg | $355 | $659 | $1,034 | $1,557 | $2,183 |
| Normandy | $585 | $799 | $1,329 | $1,922 | $2,447 |
| Petersburg | $380 | $638 | $1,144 | $1,746 | $2,417 |
| Rockvale | $518 | $844 | $1,109 | $1,616 | $2,002 |
| Shelbyville | $630 | $909 | $1,321 | $1,866 | $2,435 |
| Tullahoma | $404 | $796 | $1,393 | $2,146 | $3,612 |
| Unionville | $510 | $777 | $1,040 | $1,385 | $1,974 |
| Wartrace | $561 | $854 | $1,282 | $1,794 | $2,621 |
Source: Ownwell