Butler, Tennessee Property Taxes
The median property tax rate in Butler, TN is 0.51%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $58,950 in Butler, the typical annual property tax bill is around $300, well below the national median of $2,690. Property taxes in Butler are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Butler'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 Butler or another part of Carter County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Butler, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$301
$279
Ownwell’s Butler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Butler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Butler 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 Butler, Tennessee
Property taxes in Butler, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Butler is 0.51%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Butler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Butler 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 Butler's effective property tax rate to other areas in Tennessee and the national median. For comparison, the 37601 zip code has the highest median property tax rate of 0.90%, while the 37687 zip code has the lowest median tax rate of 0.51%. Understanding how these areas compare with Butler provides valuable insights into the varying tax landscape across Carter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Butler Tax Rate
0.51%
Average Carter County Tax Rate
0.51%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Butler, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37601 | 0.51% | 0.61% | 0.90% | 0.90% | 0.90% |
| 37640 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| 37643 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
| 37658 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| 37687 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Butler, Tennessee
In Butler, 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 Carter 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 Butler, 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 highest median tax bill in the area is $442 in the 37658 zip code, while the lowest median tax bill is $160 in the 37643 zip code. 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 Butler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Butler Assessed Value
$58,950
Average Carter County Assessed Value
$94,100
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Butler, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37601 | $18,100 | $22,450 | $30,450 | $37,475 | $40,700 |
| 37640 | $16,640 | $35,000 | $65,000 | $164,650 | $398,000 |
| 37643 | $10,580 | $13,150 | $17,800 | $20,500 | $22,220 |
| 37658 | $59,610 | $63,075 | $87,200 | $114,300 | $123,120 |
| 37687 | $45,200 | $45,200 | $45,200 | $45,200 | $45,200 |
Source: Ownwell
Property Tax Bills Across Butler, Tennessee
In Butler, Carter County, TN, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Butler, the tax bill varies significantly, with the 25th percentile at $150 and the 75th percentile at $741. This wide range illustrates the impact of property values and tax rates on individual tax bills. The highest median tax bill in the area is $442, found in the 37658 zip code, while the lowest median tax bill is $160, in the 37643 zip code. Compared to the national median property tax rate of 0.99%, Butler's property tax rates can result in relatively lower tax bills, making it a potentially more affordable option for homeowners. Understanding these factors can help residents anticipate their property tax obligations and manage their household budgets accordingly.
Average Butler Tax Bill
$300
Average Carter County Tax Bill
$529
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Butler, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37601 | $132 | $192 | $207 | $302 | $362 |
| 37640 | $87 | $180 | $330 | $839 | $2,021 |
| 37643 | $95 | $118 | $160 | $184 | $200 |
| 37658 | $303 | $320 | $442 | $580 | $625 |
| 37687 | $229 | $229 | $229 | $229 | $229 |
Source: Ownwell