Kingston Springs, Tennessee Property Taxes
The median property tax rate in Kingston Springs, TN is 0.67%, slightly higher than the Tennessee state median of 0.64% but lower than the national median of 0.99%. With a median home value of $251,050, the typical annual property tax bill in Kingston Springs is $1,841, which is significantly below the national median of $2,690. Property taxes in Kingston Springs are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Kingston Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kingston Springs or another part of Cheatham County, grasping the local property tax system will benefit both homeowners and real estate investors alike.
Last Updated June 14, 2024
Kingston Springs, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,682
$1,561
Ownwell’s Kingston Springs Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to 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 Springs, Tennessee
Property taxes in Kingston Springs, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingston Springs is 0.67%, which is lower than both the Tennessee state median and 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 counties in Tennessee and the national median. For comparison, the 37082 zip code has both the highest and lowest median property tax rate of 0.67%. Understanding how these cities 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 Springs 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 Kingston Springs, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37082 | 0.67% | 0.67% | 0.67% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Kingston Springs, 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. Being aware of these valuation processes in Kingston Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kingston Springs is $251,050, with tax bills ranging from $1,226 at the 25th percentile to $3,211 at the 90th percentile. The zip code 37082 has both the highest and lowest median tax bill at $1,841.
Property Tax Assessment Values Across Kingston Springs, Tennessee
Source: Ownwell
$174,000
$234,175
$294,350
Average Kingston Springs Assessed Value
$251,050
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 Springs, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37082 | $112,660 | $171,025 | $251,050 | $326,525 | $431,320 |
Source: Ownwell
Property Tax Bills Across Kingston Springs, Tennessee
In Kingston Springs, Cheatham County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Kingston Springs can expect their tax bills to vary significantly depending on their home's value and the local tax rate. For instance, the median home price in Kingston Springs is $251,050. Property tax bills in the area range widely, with the 25th percentile at $1,226 and the 75th percentile at $2,488. The 90th percentile tax bill reaches up to $3,211. The median property tax bill stands at $1,841, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can be an attractive factor for homeowners, potentially making Kingston Springs a more affordable place to live compared to other regions with higher property taxes.
Average Kingston Springs Tax Bill
$1,841
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 Springs, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37082 | $816 | $1,226 | $1,841 | $2,488 | $3,211 |
Source: Ownwell