Cedar Hill, Tennessee Property Taxes
The median property tax rate in Cedar Hill, TN is 0.67%, slightly higher than the state median of 0.64% but lower than the national median of 0.99%. With a median home value of $180,000 in Cedar Hill, the typical annual property tax bill is $1,211, which is below the national median of $2,690. Property taxes in Cedar Hill are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Cedar Hill'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 Cedar Hill 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
Cedar Hill, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,206
$1,119
Ownwell’s Cedar Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Hill 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 Cedar Hill, Tennessee
Property taxes in Cedar Hill, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar Hill is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Cedar Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar Hill 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 Cedar Hill's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37032 has both the highest and lowest median property tax rate of 0.67%. Understanding how these cities compare with Cedar Hill 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 Cedar Hill Tax Rate
0.67%
Average Cheatham County Tax Rate
0.67%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Hill, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37032 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Hill, Tennessee
In Cedar Hill, 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 local appraisal authorities 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 Cedar Hill, 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 Cedar Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Cedar Hill is $180,000, with annual property tax bills ranging from $964 at the 25th percentile to $2,495 at the 90th percentile. The highest and lowest median tax bills are both $1,211 in the 37032 zip code.
Average Cedar Hill Assessed Value
$180,000
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 Cedar Hill, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37032 | $93,730 | $143,200 | $180,000 | $249,275 | $366,760 |
Source: Ownwell
Property Tax Bills Across Cedar Hill, Tennessee
In Cedar Hill, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The city uses a specific assessment ratio to determine this value. Once the assessed value is established, the local tax rate is applied to compute the annual property tax bill. For instance, with a median home price of $180,000, the tax bills can vary significantly. Homeowners in the 25th percentile pay around $964, while those in the 75th percentile face bills of approximately $1,693. At the higher end, the 90th percentile tax bill reaches $2,495. Comparatively, Cheatham County’s median tax bill stands at $1,211, reflecting the uniformity across the region. These tax bills directly impact homeowners by influencing their annual budget and long-term financial planning. Understanding how property taxes are calculated can help homeowners in Cedar Hill better anticipate their expenses and manage their finances effectively.
Average Cedar Hill Tax Bill
$1,211
Average Cheatham County Tax Bill
$1,378
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Hill, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37032 | $630 | $964 | $1,211 | $1,693 | $2,495 |
Source: Ownwell