Pioneer, Tennessee Property Taxes
The median property tax rate in Pioneer, TN is 0.51%, which is significantly lower than both the national median of 0.99% and Tennessee's state median of 0.64%. With a median home value of $65,450 in Pioneer, the typical annual property tax bill is $330, well below the national median of $2,690. Property taxes in Pioneer are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Pioneer'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 Pioneer 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
Pioneer, 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 Pioneer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pioneer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pioneer 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 Pioneer, Tennessee
Property taxes in Pioneer, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pioneer is 0.51%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Pioneer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pioneer 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 Pioneer's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37847 has the highest median property tax rate of 0.51%, while the same zip code also represents the lowest median tax rate of 0.51%. Understanding how these cities compare with Pioneer 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 Pioneer 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 Pioneer, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37847 | 0.50% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Pioneer, Tennessee
In Pioneer, 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 Pioneer, 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 Pioneer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Pioneer are both $330, found in the 37847 zip code.
Average Pioneer Assessed Value
$65,450
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 Pioneer, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37847 | $18,260 | $32,850 | $65,450 | $129,225 | $197,110 |
Source: Ownwell
Property Tax Bills Across Pioneer, Tennessee
In Pioneer, Campbell County, TN, property tax bills are calculated using the assessed value of a home, which is a percentage of its market value. The local property tax rate is then applied to this assessed value to determine the tax bill. For example, with a median home price of $65,450, homeowners can expect to pay a tax bill that varies significantly. The 25th percentile tax bill is around $164, while the 75th percentile tax bill is approximately $654. At the 90th percentile, the tax bill can reach up to $1,015. These taxes fund essential public services like schools, emergency services, and infrastructure, impacting the overall quality of life for residents. Compared to the national median property tax rate of 0.99%, the specific rates in Pioneer may differ, but they play a crucial role in maintaining community services. Homeowners should be aware of these factors, as they directly influence both their annual expenses and the value they receive from local public services.
Average Pioneer Tax Bill
$330
Average Campbell County Tax Bill
$481
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Pioneer, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37847 | $91 | $164 | $330 | $654 | $1,015 |
Source: Ownwell