Kingston Spgs, Tennessee Property Taxes
The median property tax rate in Kingston Springs, TN is 0.74%, which is lower than the national median of 0.99% but higher than the Tennessee state median of 0.64%. With the median home value in Kingston Springs, the typical annual property tax bill reaches $2,352, which is below the national median of $2,690. Property taxes in Kingston Springs are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kingston Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kingston Springs 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
Kingston Spgs, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$2,178
Ownwell’s Kingston Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingston Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingston Springs 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 Kingston Spgs, Tennessee
Property taxes in Kingston Springs, Tennessee, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingston Springs is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Kingston Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingston Springs 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 Kingston Springs' effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 37082 has the highest median property tax rate of 0.74%, while the same zip code has the lowest median tax rate of 0.74%. Understanding how these areas compare with Kingston Springs 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 Kingston Spgs Tax Rate
0.74%
Average Cheatham County Tax Rate
0.67%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingston Spgs, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37082 | 0.69% | 0.71% | 0.74% | 0.78% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Kingston Spgs, Tennessee
In Kingston Springs, 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 Kingston Springs, 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. The median home price in Kingston Springs is $294,350, with the 25th percentile tax bill at $1,355 and the 75th percentile tax bill at $3,348. The highest and lowest median tax bills are both $2,352 in the 37082 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kingston Spgs, Tennessee
Source: Ownwell
$174,000
$234,175
$294,350
Average Kingston Spgs Assessed Value
$294,350
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 Kingston Spgs, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37082 | $101,670 | $173,925 | $294,350 | $414,775 | $487,030 |
Source: Ownwell
Property Tax Bills Across Kingston Spgs, Tennessee
In Kingston Springs, located in Cheatham 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 property's market value. Homeowners in Kingston Springs can expect their property tax bill to vary widely depending on several factors, including the property's assessed value and the specific tax rate applied by the local government. For instance, the median home price in Kingston Springs is $294,350. The property tax bills range significantly, with the 25th percentile tax bill at $1,355 and the 75th percentile tax bill at $3,348. At the higher end, the 90th percentile tax bill reaches $3,946. These variations reflect differences in property values and the specific circumstances of each property. Compared to the national median property tax rate of 0.99%, homeowners in Kingston Springs experience a diverse range of tax bills, which can significantly impact their annual housing costs. This variability underscores the importance of understanding how local property taxes are calculated and their potential financial implications.
Average Kingston Spgs Tax Bill
$2,352
Average Cheatham County Tax Bill
$1,378
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingston Spgs, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37082 | $758 | $1,355 | $2,352 | $3,348 | $3,946 |
Source: Ownwell