Dunlap, Tennessee Property Taxes
The median property tax rate in Dunlap, TN is 0.52%, notably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Dunlap at $141,950, the typical annual property tax bill amounts to $711, which is significantly less than the national median of $2,690. Property taxes in Dunlap are calculated based on the tax assessed value, which is usually lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Dunlap'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 Dunlap 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
Dunlap, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$738
$685
Ownwell’s Dunlap Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunlap with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunlap 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 Dunlap, Tennessee
Property taxes in Dunlap, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunlap is 0.52%, lower than both the Tennessee state median of 0.64% and the U.S. national median of 0.99%. Local government entities within Dunlap set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunlap 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 Dunlap's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37327 zip code has the highest median property tax rate of 0.52%, while the 37327 zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Dunlap provides valuable insights into the varying tax landscape across Bledsoe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dunlap Tax Rate
0.52%
Average Bledsoe County Tax Rate
0.52%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dunlap, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37327 | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Dunlap, Tennessee
In Dunlap, 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 Bledsoe 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 Dunlap, 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. The median home price in Dunlap is $141,950, with tax bills ranging from $363 at the 25th percentile to $1,753 at the 90th percentile. The zip code 37327 has both the highest and lowest median tax bills at $711. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dunlap Assessed Value
$141,950
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 Dunlap, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37327 | $45,110 | $72,225 | $141,950 | $232,275 | $344,930 |
Source: Ownwell
Property Tax Bills Across Dunlap, Tennessee
In Dunlap, TN, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value typically represents a percentage of the property's market value, which is determined by the local tax assessor. In Bledsoe County, where Dunlap is located, the median home price is $141,950. Property tax rates are then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For example, the 25th percentile tax bill in Dunlap is $363, while the 75th percentile tax bill is $1,176. Homeowners with properties in the 90th percentile can expect to pay around $1,753 annually. These figures can vary significantly, but they provide a snapshot of what homeowners might expect to pay. Compared to the national median property tax rate of 0.99%, Dunlap's tax rates can be considered relatively moderate, affecting homeowners by providing a predictable annual expense tied to their property's value.
Average Dunlap Tax Bill
$711
Average Bledsoe County Tax Bill
$577
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunlap, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37327 | $228 | $363 | $711 | $1,176 | $1,753 |
Source: Ownwell