Ashland City, Tennessee Property Taxes
The median property tax rate in Ashland City, TN is 0.68%, which is lower than the national median of 0.99% but slightly higher than Tennessee's state median of 0.64%. With a median home value of $174,000 in Ashland City, the typical annual property tax bill amounts to $1,220, well below the national median of $2,690. Property taxes in Ashland City are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ashland City'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 Ashland City 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
Ashland City, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,183
$1,098
Ownwell’s Ashland City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashland City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashland City 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 Ashland City, Tennessee
Property taxes in Ashland City, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashland City is 0.68%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Ashland City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashland City 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 Ashland City's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37015 has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with Ashland City provides valuable insights into the varying tax landscape across Cheatham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashland City Tax Rate
0.68%
Average Cheatham County Tax Rate
0.67%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashland City, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37015 | 0.67% | 0.67% | 0.68% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Ashland City, Tennessee
In Ashland City, 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 Cheatham 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 Ashland City, 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 is $174,000, with tax bills ranging from $874 at the 25th percentile to $2,159 at the 90th percentile. The zip code with the highest and lowest median tax bill is 37015, both at $1,220. 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 Ashland City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Ashland City, Tennessee
Source: Ownwell
$174,000
$234,175
$294,350
Average Ashland City Assessed Value
$174,000
Average Cheatham County Assessed Value
$201,100
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashland City, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37015 | $59,800 | $124,600 | $174,000 | $238,200 | $312,300 |
Source: Ownwell
Property Tax Bills Across Ashland City, Tennessee
In Ashland City, located in Cheatham County, TN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the home's market value, which is determined by the county assessor. For example, a median home price in Ashland City is $174,000. Homeowners then face a tax rate applied to this assessed value, which ultimately determines their tax bill. Several factors influence the tax bill, including property location, home improvements, and market conditions. For instance, tax bills in Ashland City can range significantly; the 25th percentile tax bill is around $874, while the 75th percentile reaches up to $1,671. The highest median tax bill in the area is $1,220, consistent across zip code 37015. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their financial planning more effectively.
Average Ashland City Tax Bill
$1,220
Average Cheatham County Tax Bill
$1,378
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashland City, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37015 | $444 | $874 | $1,220 | $1,671 | $2,159 |
Source: Ownwell