Trezevant, Tennessee Property Taxes
The median property tax rate in Trezevant, TN is 0.82%, which is lower than the national median of 0.99% but higher than the Tennessee state median of 0.64%. With a median home value of $62,500 in Trezevant, the typical annual property tax bill is approximately $469, significantly below the national median of $2,690. Property taxes in Trezevant are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Trezevant'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 Trezevant or another part of Carroll County, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Trezevant, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$512
$476
Ownwell’s Trezevant Property Tax Bill Calculator empowers homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Trezevant with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Trezevant to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, offering peace of mind and financial clarity. If you're interested in exploring trends at a neighborhood level, you can find more localized information by scrolling down. Your property’s assessed value is determined by Carroll County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Trezevant, Tennessee
Property taxes in Trezevant, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trezevant is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Trezevant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trezevant 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 Trezevant's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38258 zip code has both the highest and lowest median property tax rate of 0.82%, reflecting a uniform rate across the area. Understanding how these cities compare with Trezevant provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Trezevant Tax Rate
0.82%
Average Carroll County Tax Rate
0.66%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trezevant, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38258 | 0.66% | 0.66% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Trezevant, Tennessee
In Trezevant, 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 Carroll 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 Trezevant, 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. For instance, the median home price in Trezevant is $62,500, with tax bills ranging from $300 at the 25th percentile to $1,152 at the 90th percentile. The highest and lowest median tax bills are both $469 in the 38258 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Trezevant Assessed Value
$62,500
Average Carroll County Assessed Value
$76,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Trezevant, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38258 | $24,400 | $39,700 | $62,500 | $97,300 | $162,780 |
Source: Ownwell
Property Tax Bills Across Trezevant, Tennessee
In Trezevant, located in Carroll County, TN, property tax bills are calculated based on assessed property values and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $62,500, homeowners can expect to pay varying amounts depending on the assessment details and applicable rates. Factors such as property size, location, and improvements can influence the assessed value. In Trezevant, the tax bill at the 25th percentile is around $300, while at the 75th percentile, it rises to approximately $721. The highest median tax bill in the area is $469, which is significantly lower than the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations. Lower property tax rates can make homeownership more affordable compared to other regions with higher rates.
Average Trezevant Tax Bill
$469
Average Carroll County Tax Bill
$574
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Trezevant, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38258 | $179 | $300 | $469 | $721 | $1,152 |
Source: Ownwell