Davidson County, Tennessee Property Taxes
The median property tax rate in Davidson County is 0.95%, which is slightly lower than the national median of 0.99% but higher than the Tennessee state median of 0.64%. With a median home value of $291,900 in Davidson County, the typical annual property tax bill is around $2,764, close to the national median of $2,690. Property taxes in Davidson County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Davidson County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Nashville or another part of Davidson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Davidson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$2,773
$2,573
Ownwell’s Davidson County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Davidson County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Davidson County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Davidson County, Tennessee
Property taxes in Davidson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Davidson County is 0.95%, which is lower than the U.S. national median of 0.99%. Local government entities within Davidson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Davidson County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Davidson County's effective property tax rate with other counties in Tennessee and the national median. For comparison, the city of La Vergne has one of the higher property tax rates in Tennessee at 0.95%, while the city of Greenbrier boasts one of the lowest at 0.95%. Analyzing how Davidson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Davidson County Tax Rate
0.95%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davidson County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Antioch | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
| Ashland City | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
| Brentwood | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
| Franklin | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
| Goodlettsville | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
| Greenbrier | N/A | N/A | N/A | N/A | N/A |
| Hermitage | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
| Joelton | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
| La Vergne | N/A | N/A | N/A | N/A | N/A |
| Madison | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
| Mount Juliet | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
| Nashville | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
| Nolensville | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
| Old Hickory | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
| Pegram | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
| Whites Creek | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Davidson County, Tennessee
In Davidson County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Davidson County Appraisal District. The assessed value, however, 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 Davidson County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Davidson County, the city of Franklin has the highest median tax bill at $5,296, while Greenbrier has the lowest at $1,180. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Davidson County, Tennessee
Source: Ownwell
$191,850
$462,575
$733,300
Average Davidson County Assessed Value
$291,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Davidson County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Antioch | $174,400 | $201,975 | $238,600 | $289,200 | $334,600 |
| Ashland City | $45,255 | $117,410 | $191,850 | $273,375 | $416,411 |
| Brentwood | $262,400 | $324,800 | $427,300 | $523,350 | $700,700 |
| Franklin | $43,250 | $395,575 | $559,212 | $815,938 | $953,550 |
| Goodlettsville | $152,764 | $206,300 | $255,150 | $318,300 | $419,060 |
| Greenbrier | N/A | N/A | N/A | N/A | N/A |
| Hermitage | $187,700 | $222,000 | $267,400 | $336,425 | $407,090 |
| Joelton | $90,700 | $180,098 | $256,900 | $350,175 | $460,918 |
| La Vergne | N/A | N/A | N/A | N/A | N/A |
| Madison | $127,500 | $171,300 | $219,900 | $271,000 | $337,100 |
| Mount Juliet | $268,450 | $350,400 | $386,350 | $428,300 | $482,950 |
| Nashville | $172,700 | $231,300 | $319,400 | $476,600 | $751,700 |
| Nolensville | $229,600 | $298,850 | $349,100 | $410,675 | $463,860 |
| Old Hickory | $157,100 | $199,400 | $253,100 | $326,525 | $498,660 |
| Pegram | $49,728 | $177,950 | $262,350 | $360,775 | $446,970 |
| Whites Creek | $114,980 | $185,200 | $253,950 | $350,050 | $466,230 |
Source: Ownwell
Property Tax Bills Across Davidson County, Tennessee
In Davidson County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. Factors such as the property's location, size, and condition play a role in determining its market value. For instance, the median home price in Davidson County is $291,900. Homeowners in the 25th percentile can expect a tax bill around $2,068, while those in the 75th percentile might see bills closer to $3,970. The 90th percentile can experience tax bills as high as $6,100. Comparatively, Franklin has the highest median tax bill at $5,296, whereas Greenbrier has the lowest at $1,180. These variations significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding these factors can help homeowners better anticipate their property tax obligations and manage their finances more effectively.
Average Davidson County Tax Bill
$2,764
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Davidson County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Antioch | $1,652 | $1,913 | $2,260 | $2,739 | $3,169 |
| Ashland City | $429 | $1,112 | $1,817 | $2,589 | $3,943 |
| Brentwood | $2,485 | $3,076 | $4,047 | $4,956 | $6,636 |
| Franklin | $410 | $3,746 | $5,296 | $7,727 | $9,030 |
| Goodlettsville | $1,483 | $1,954 | $2,418 | $3,017 | $3,974 |
| Greenbrier | N/A | N/A | N/A | N/A | N/A |
| Hermitage | $1,778 | $2,102 | $2,532 | $3,186 | $3,855 |
| Joelton | $859 | $1,706 | $2,433 | $3,316 | $4,365 |
| La Vergne | N/A | N/A | N/A | N/A | N/A |
| Madison | $1,207 | $1,622 | $2,082 | $2,566 | $3,192 |
| Mount Juliet | $2,542 | $3,318 | $3,659 | $4,056 | $4,574 |
| Nashville | $1,636 | $2,190 | $3,025 | $4,513 | $7,119 |
| Nolensville | $2,174 | $2,830 | $3,306 | $3,889 | $4,393 |
| Old Hickory | $1,488 | $1,888 | $2,397 | $3,092 | $4,722 |
| Pegram | $471 | $1,685 | $2,484 | $3,417 | $4,233 |
| Whites Creek | $1,089 | $1,754 | $2,405 | $3,315 | $4,415 |
Source: Ownwell