Duff, Tennessee Property Taxes
The median property tax rate in Duff, TN is 0.51%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Duff at $39,100, the typical annual property tax bill is $197, well below the national median of $2,690. Property taxes in Duff are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Duff's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Duff or another part of Campbell County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Duff, 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 Duff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duff 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 Duff, Tennessee
Property taxes in Duff, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Duff is 0.51%, notably lower than the U.S. national median of 0.99%. Local government entities within Duff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duff 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 Duff's effective property tax rate to other areas in Tennessee and the national median. For comparison, the 37729 zip code has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Duff provides valuable insights into the varying tax landscape across Campbell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Duff Tax Rate
0.51%
Average Campbell County Tax Rate
0.51%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duff, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37729 | 0.50% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Duff, Tennessee
In Duff, 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 Campbell 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 Duff, 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. Being aware of these valuation processes in Duff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Duff is $39,100, with tax bills ranging from $107 at the 25th percentile to $587 at the 90th percentile. The zip code 37729 has both the highest and lowest median tax bill at $197.
Average Duff Assessed Value
$39,100
Average Campbell County Assessed Value
$89,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Duff, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37729 | $11,700 | $21,275 | $39,100 | $69,075 | $115,960 |
Source: Ownwell
Property Tax Bills Across Duff, Tennessee
In Duff, located in Campbell County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Duff is $39,100, and property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property’s assessed value and the local tax rate. The 25th percentile tax bill in Duff is $107, while the 75th percentile tax bill is $345, and the 90th percentile tax bill reaches $587. These variations highlight how different property values and assessments can affect homeowners' tax obligations. Compared to the national median property tax rate of 0.99%, Duff's property taxes can be significantly lower, providing some relief to homeowners. The highest and lowest median tax bills in Duff are both $197, which indicates a relatively uniform tax rate within the city. This consistency helps homeowners anticipate their annual property tax expenses more accurately.
Average Duff Tax Bill
$197
Average Campbell County Tax Bill
$481
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Duff, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37729 | $59 | $107 | $197 | $345 | $587 |
Source: Ownwell