Alamo, Tennessee Property Taxes
The median property tax rate in Alamo, TN is 0.56%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $102,000 in Alamo, the typical annual property tax bill is $572, well below the national median of $2,690. Property taxes in Alamo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Alamo'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 Alamo or another part of Crockett County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alamo, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$571
Ownwell’s Alamo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alamo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alamo 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 Alamo, Tennessee
Property taxes in Alamo, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alamo is 0.56%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Alamo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alamo 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 Alamo's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38001 zip code has the highest median property tax rate of 0.56%, while the same 38001 zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Alamo provides valuable insights into the varying tax landscape across Crockett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alamo Tax Rate
0.56%
Average Crockett County Tax Rate
0.56%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alamo, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38001 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Alamo, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Alamo, Tennessee. 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 Crockett County Assessor's Office 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 Alamo, 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. The median home price in Alamo is $102,000, with tax bills ranging from $365 at the 25th percentile to $1,352 at the 90th percentile. 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 Alamo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 38001 has both the highest and lowest median tax bill at $572.
Average Alamo Assessed Value
$102,000
Average Crockett County Assessed Value
$110,100
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alamo, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38001 | $36,400 | $64,600 | $102,000 | $157,100 | $243,960 |
Source: Ownwell
Property Tax Bills Across Alamo, Tennessee
In Alamo, located in Crockett County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the property's market value. For example, if the median home price in Alamo is $102,000, the assessed value would be a fraction of this amount, determined by local assessment regulations. The tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Alamo might see tax bills ranging from $365 at the 25th percentile to $1,352 at the 90th percentile. The highest and lowest median tax bills in the area are both $572, reflecting a relatively consistent tax rate within the zip code 38001. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance, directly impacting the quality of life for Alamo residents. Understanding how these taxes are calculated can help homeowners manage their finances more effectively.
Average Alamo Tax Bill
$572
Average Crockett County Tax Bill
$616
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Alamo, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38001 | $203 | $365 | $572 | $875 | $1,352 |
Source: Ownwell