Harrogate, Tennessee Property Taxes
The median property tax rate in Harrogate, TN is 0.58%, notably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Harrogate at $137,700, the typical annual property tax bill is $802, well below the national median of $2,690. Property taxes in Harrogate are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Harrogate'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 Harrogate 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
Harrogate, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Harrogate Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrogate with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrogate 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 Claiborne County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Harrogate, Tennessee
Property taxes in Harrogate, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrogate is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Harrogate set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrogate 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 Harrogate's effective property tax rate to other areas in Claiborne County and the national median. For comparison, the 37752 zip code has both the highest and lowest median property tax rate of 0.58%. Understanding how these areas compare with Harrogate provides valuable insights into the varying tax landscape across Claiborne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrogate Tax Rate
0.58%
Average Claiborne County Tax Rate
0.58%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrogate, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37752 | 0.57% | 0.57% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Harrogate, Tennessee
In Harrogate, 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 Claiborne 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 Harrogate, 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 Harrogate helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Harrogate is $137,700, with the highest median tax bill being $802 in the 37752 zip code.
Average Harrogate Assessed Value
$137,700
Average Claiborne County Assessed Value
$114,300
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrogate, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37752 | $41,200 | $86,775 | $137,700 | $197,825 | $284,580 |
Source: Ownwell
Property Tax Bills Across Harrogate, Tennessee
In Harrogate, Claiborne 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 home's market value, and this percentage can vary. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $137,700, homeowners can expect varying tax bills. The 25th percentile tax bill in Harrogate is approximately $515, while the 75th percentile tax bill reaches around $1,154, and the 90th percentile can go up to $1,657. These figures indicate that property taxes in Harrogate can significantly impact homeowners, particularly those with higher-valued properties. Compared to the national median property tax rate of 0.99%, Harrogate's tax bills reflect the local economic environment and property values. Homeowners should be aware of these factors as they can influence their annual financial planning and overall cost of homeownership.
Average Harrogate Tax Bill
$802
Average Claiborne County Tax Bill
$680
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrogate, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37752 | $253 | $515 | $802 | $1,154 | $1,657 |
Source: Ownwell