Eva, Benton County, Tennessee Property Taxes
The median property tax rate in Eva, TN is 0.68%, slightly higher than the Tennessee state median of 0.64% but well below the national median of 0.99%. With the median home value in Eva at $77,700, the typical annual property tax bill is $528, significantly less than the national median of $2,690. Property taxes in Eva are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Eva'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 Eva 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
Eva, Benton County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$528
$490
Ownwell’s EVA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EVA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EVA 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 Eva, Benton County, Tennessee
Property taxes in Eva, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eva is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Eva set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eva 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 Eva's effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 38333 has both the highest and lowest median property tax rate in Benton County, standing at 0.68%. Understanding how these areas compare with Eva provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eva Tax Rate
0.68%
Average Benton County Tax Rate
0.68%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eva, Benton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38333 | 0.68% | 0.68% | 0.68% | 0.68% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Eva, Benton County, Tennessee
In EVA, 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 Benton 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 EVA, 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. The median home price in EVA is $77,700, with tax bills ranging from $296 at the 25th percentile to $1,583 at the 90th percentile. The highest and lowest median tax bills are both $528 in the 38333 zip code. By understanding 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 EVA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Eva, Benton County, Tennessee
Source: Ownwell
$30,600
$78,550
$126,500
Average Eva Assessed Value
$77,700
Average Benton County Assessed Value
$75,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eva, Benton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38333 | $24,600 | $42,600 | $77,700 | $126,700 | $229,500 |
Source: Ownwell
Property Tax Bills Across Eva, Benton County, Tennessee
In EVA, Benton County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in EVA typically see tax bills that reflect the median home price of $77,700. The tax bill varies significantly, with the 25th percentile at $296 and the 75th percentile at $874, while the 90th percentile reaches $1,583. These figures indicate a broad range of tax burdens among homeowners. Factors influencing the tax bill include property size, location, and improvements. The assessed value is then multiplied by the local tax rate to determine the final tax bill. Compared to the national median property tax rate of 0.99%, EVA's tax rates offer a unique perspective on property tax burdens. For homeowners, understanding these calculations can help in financial planning and ensuring they take advantage of any available exemptions or appeals to potentially lower their tax burden.
Average Eva Tax Bill
$528
Average Benton County Tax Bill
$569
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Eva, Benton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38333 | $174 | $296 | $528 | $874 | $1,583 |
Source: Ownwell