Brentwood, Davidson County, Tennessee Property Taxes
The median property tax rate in Brentwood, TN, is 0.95%, which is slightly below the national median of 0.99% but significantly higher than the Tennessee state median of 0.64%. Given the median home value in Brentwood is $427,300, the typical annual property tax bill amounts to $4,047, surpassing the national median of $2,690. Property taxes in Brentwood are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Brentwood’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Brentwood or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brentwood, Davidson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$4,059
$3,767
Ownwell’s Brentwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brentwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brentwood 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 Brentwood, Davidson County, Tennessee
Property taxes in Brentwood, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brentwood is 0.95%, which is slightly below the U.S. national median of 0.99%. Local government entities within Brentwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brentwood 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 Brentwood's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37027 zip code has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with Brentwood provides valuable insights into the varying tax landscape across Davidson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brentwood Tax Rate
0.95%
Average Davidson County Tax Rate
0.95%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brentwood, Davidson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37027 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Brentwood, Davidson County, Tennessee
In Brentwood, 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 Davidson 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 Brentwood, 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. For instance, the median home price is $427,300, and property tax bills range from $3,076 at the 25th percentile to $6,636 at the 90th percentile. The zip code with the highest median tax bill is 37027, with a value of $4,047. 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 Brentwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Brentwood, Davidson County, Tennessee
Source: Ownwell
$191,850
$462,575
$733,300
Average Brentwood Assessed Value
$427,300
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 Brentwood, Davidson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37027 | $262,400 | $324,800 | $427,300 | $523,350 | $700,700 |
Source: Ownwell
Property Tax Bills Across Brentwood, Davidson County, Tennessee
In Brentwood, Davidson County, TN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is periodically evaluated by the county assessor's office. Factors such as property location, size, and improvements can influence this assessment. Brentwood's median home price stands at $427,300, which provides a basis for calculating property taxes. The median property tax bill in Brentwood is $4,047, which is significantly higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile can expect to pay around $3,076, while those in the 75th percentile might pay approximately $4,956. For those in the 90th percentile, the tax bill can reach up to $6,636. These figures illustrate the range of property tax obligations in Brentwood, highlighting the impact on homeowners based on their property's assessed value. This variability can influence household budgeting and long-term financial planning for residents.
Average Brentwood Tax Bill
$4,047
Average Davidson County Tax Bill
$2,764
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Brentwood, Davidson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37027 | $2,485 | $3,076 | $4,047 | $4,956 | $6,636 |
Source: Ownwell