Pinson, Chester County, Tennessee Property Taxes
The median property tax rate in Pinson, TN is 0.62%, which is notably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $132,300 in Pinson, the typical annual property tax bill amounts to $814, significantly below the national median of $2,690. Property taxes in Pinson are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Pinson'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 Pinson or another part of the city, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pinson, Chester County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$820
$761
Ownwell’s Pinson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pinson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pinson 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 Pinson, Chester County, Tennessee
Property taxes in Pinson, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pinson is 0.62%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Pinson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pinson 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 Pinson's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38366 zip code has the highest median property tax rate of 0.62%, while the 38366 zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Pinson provides valuable insights into the varying tax landscape across Chester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pinson Tax Rate
0.62%
Average Chester County Tax Rate
0.62%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pinson, Chester County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38366 | 0.51% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Pinson, Chester County, Tennessee
In Pinson, 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 Chester 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 Pinson, 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 Pinson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 38366, with a median tax bill of $814, while the lowest median tax bill is also in 38366, at $814.
Property Tax Assessment Values Across Pinson, Chester County, Tennessee
Source: Ownwell
$76,250
$109,525
$142,800
Average Pinson Assessed Value
$132,300
Average Chester County Assessed Value
$125,450
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pinson, Chester County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38366 | $45,700 | $77,400 | $132,300 | $217,400 | $334,300 |
Source: Ownwell
Property Tax Bills Across Pinson, Chester County, Tennessee
In Pinson, Chester County, TN, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the home. Homeowners in Pinson face varying tax bills depending on their property's assessed value and the local tax rate. For instance, the median home price in Pinson is $132,300. Tax bills can range significantly, with the 25th percentile paying around $463, while the 75th percentile faces a tax bill of approximately $1,222. Those in the 90th percentile might see tax bills as high as $2,022. Compared to the national median property tax rate of 0.99%, Pinson's tax rates can vary but reflect the local economic conditions and property values. Understanding these factors helps homeowners anticipate their tax liabilities and plan their finances accordingly.
Average Pinson Tax Bill
$814
Average Chester County Tax Bill
$763
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Pinson, Chester County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38366 | $284 | $463 | $814 | $1,222 | $2,022 |
Source: Ownwell