Grandview, Cumberland County, Tennessee Property Taxes
The median property tax rate in Grandview, TN is 0.28%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Grandview at $100,350, the typical annual property tax bill is $284, which is well below the national median of $2,690. Property taxes in Grandview are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grandview'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 Grandview 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
Grandview, Cumberland County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$281
$261
Ownwell’s Grandview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grandview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grandview 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 Grandview, Cumberland County, Tennessee
Property taxes in Grandview, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grandview is 0.28%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Grandview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grandview 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 Grandview's effective property tax rate to other counties in Tennessee and the national median. For comparison, the highest median property tax rate within the region is found in a different area of Cumberland County, while another locality within the same county has the lowest median tax rate. Understanding how these cities compare with Grandview provides valuable insights into the varying tax landscape across Cumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grandview Tax Rate
0.28%
Average Cumberland County Tax Rate
0.28%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grandview, Cumberland County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37337 | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% |
Source: Ownwell
Property Tax Assessment Values Across Grandview, Cumberland County, Tennessee
In Grandview, 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 Cumberland 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 Grandview, 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 Grandview is $100,350, with tax bills ranging from $136 at the 25th percentile to $674 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 Grandview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Grandview, Cumberland County, Tennessee
Source: Ownwell
$91,200
$193,150
$295,100
Average Grandview Assessed Value
$100,350
Average Cumberland County Assessed Value
$180,600
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grandview, Cumberland County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37337 | $26,150 | $47,800 | $100,350 | $169,600 | $237,640 |
Source: Ownwell
Property Tax Bills Across Grandview, Cumberland County, Tennessee
In Grandview, Cumberland County, TN, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The tax rate is applied to this assessed value to determine the final tax bill. For instance, if a home has a median market price of $100,350, the tax bill can vary significantly depending on the property's specific characteristics and exemptions. Factors such as property location, improvements, and local tax rates play a crucial role in determining the tax bill. In Grandview, the 25th percentile tax bill is $136, while the 75th percentile tax bill is $480, and the 90th percentile tax bill reaches $674. These figures indicate that most homeowners in Grandview pay less than the national median property tax rate of 0.99%. For homeowners, understanding these factors is essential as they directly impact their annual financial obligations. Accurate assessments and awareness of potential exemptions can lead to significant savings on property taxes.
Average Grandview Tax Bill
$284
Average Cumberland County Tax Bill
$512
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Grandview, Cumberland County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37337 | $74 | $136 | $284 | $480 | $674 |
Source: Ownwell