Bledsoe County, Tennessee Property Taxes
The median property tax rate in Bledsoe County is 0.52%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $105,800 in Bledsoe County, the typical annual property tax bill amounts to $577, far below the national median of $2,690. Property taxes in Bledsoe County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Bledsoe 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 Pikeville or another part of Bledsoe County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bledsoe County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$550
$511
Ownwell’s Bledsoe County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bledsoe County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bledsoe County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Bledsoe County, Tennessee
Property taxes in Bledsoe County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bledsoe County is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Bledsoe County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bledsoe 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. The following data compares Bledsoe County's effective property tax rate with other counties in Tennessee and the national median. For comparison, the city of Spring City has one of the higher property tax rates in Tennessee at 0.52%, while the city of Grandview boasts one of the lowest at 0.52%. Analyzing how Bledsoe County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bledsoe County Tax Rate
0.52%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bledsoe County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crossville | 0.51% | 0.52% | 0.52% | 0.52% | 0.52% |
| Dayton | 0.51% | 0.52% | 0.52% | 0.52% | 0.52% |
| Dunlap | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Evensville | 0.49% | 0.52% | 0.52% | 0.52% | 0.52% |
| Grandview | N/A | N/A | N/A | N/A | N/A |
| Graysville | 0.51% | 0.52% | 0.52% | 0.52% | 0.52% |
| Pikeville | 0.52% | 0.52% | 0.52% | 0.52% | 0.77% |
| Soddy Daisy | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Spring City | 0.51% | 0.52% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Bledsoe County, Tennessee
In Bledsoe 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 Bledsoe 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 Bledsoe 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. 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 Bledsoe County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Bledsoe County, the highest median tax bill is found in Soddy Daisy at $944, while Spring City has the lowest median tax bill at $264.
Property Tax Assessment Values Across Bledsoe County, Tennessee
Source: Ownwell
$51,350
$120,950
$190,550
Average Bledsoe County Assessed Value
$105,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bledsoe County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crossville | $29,800 | $44,450 | $69,900 | $129,350 | $231,800 |
| Dayton | $45,900 | $68,500 | $130,400 | $183,400 | $252,900 |
| Dunlap | $45,110 | $72,225 | $141,950 | $232,275 | $344,930 |
| Evensville | $31,950 | $58,375 | $103,050 | $202,000 | $288,650 |
| Grandview | N/A | N/A | N/A | N/A | N/A |
| Graysville | $42,720 | $72,750 | $129,300 | $190,400 | $280,000 |
| Pikeville | $38,430 | $63,400 | $108,800 | $182,975 | $273,400 |
| Soddy Daisy | $65,100 | $122,650 | $187,100 | $276,800 | $380,240 |
| Spring City | $18,990 | $30,900 | $51,350 | $86,275 | $134,730 |
Source: Ownwell
Property Tax Bills Across Bledsoe County, Tennessee
In Bledsoe County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county uses an assessment ratio to determine this value, and then applies the local tax rate to calculate the tax bill. For example, with a median home price of $105,800, the tax bill can vary significantly. Homeowners at the 25th percentile pay around $312, while those at the 75th percentile see bills closer to $981. For the top 10% of property values, tax bills can reach up to $1,453. Comparatively, the highest median tax bill in the county is found in Soddy Daisy at $944, while Spring City has the lowest at $264. These variations are influenced by factors such as property location, the local tax rate, and the assessed value. Understanding these elements helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Bledsoe County Tax Bill
$577
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Bledsoe County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crossville | $154 | $221 | $361 | $667 | $1,196 |
| Dayton | $237 | $354 | $645 | $946 | $1,304 |
| Dunlap | $228 | $363 | $711 | $1,176 | $1,753 |
| Evensville | $146 | $260 | $504 | $1,029 | $1,352 |
| Grandview | N/A | N/A | N/A | N/A | N/A |
| Graysville | $208 | $364 | $649 | $978 | $1,405 |
| Pikeville | $200 | $340 | $602 | $1,001 | $1,463 |
| Soddy Daisy | $336 | $568 | $944 | $1,428 | $1,961 |
| Spring City | $94 | $157 | $264 | $447 | $695 |
Source: Ownwell