Dickel, Tennessee Property Taxes
The median property tax rate in Dickel, TN is 1.03%, slightly higher than the national median of 0.99% and significantly above the Tennessee state median of 0.64%. With the median home value in Dickel, the typical annual property tax bill reaches $74, which is much lower than the national median of $2,690. Property taxes in Dickel are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Dickel'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 Dickel or another part of Coffee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dickel, 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 Dickel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dickel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dickel 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 Dickel, Tennessee
Property taxes in Dickel, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dickel is 1.03%, higher than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Dickel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dickel 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 Dickel's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37388 zip code has the highest median property tax rate of 1.03%, while the 37388 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Dickel provides valuable insights into the varying tax landscape across Coffee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dickel Tax Rate
1.03%
Average Coffee County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dickel, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37388 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Dickel, Tennessee
In Dickel, 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 Coffee County Assessor 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. Assessment notices in Dickel 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 Dickel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $7,200, with tax bills at the 25th, 75th, and 90th percentiles all standing at $74.
Average Dickel Assessed Value
$7,200
Average Coffee County Assessed Value
$105,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dickel, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37388 | $7,200 | $7,200 | $7,200 | $7,200 | $7,200 |
Source: Ownwell
Property Tax Bills Across Dickel, Tennessee
In Dickel, Coffee County, TN, property tax bills are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $7,200, homeowners can expect their property tax bills to be around $74, as evidenced by the consistent tax bills at the 25th, 75th, and 90th percentiles. Several factors influence the assessed value, including the property's size, location, and condition. Local government budgets and funding needs also play a role in setting the tax rate. Compared to the national median property tax rate of 0.99%, Dickel's tax rate appears to be relatively low, offering some financial relief to homeowners. However, it's essential for homeowners to stay informed about any changes in property valuations or tax rates, as these can significantly impact their annual tax obligations.
Average Dickel Tax Bill
$74
Average Coffee County Tax Bill
$805
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Dickel, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37388 | $74 | $74 | $74 | $74 | $74 |
Source: Ownwell