Joelton, Tennessee Property Taxes
The median property tax rate in Joelton, TN is 0.95%, slightly lower than the national median of 0.99% but significantly higher than the Tennessee state median of 0.64%. With the median home value in Joelton at $256,900, the typical annual property tax bill reaches $2,433, which is below the national median of $2,690. Property taxes in Joelton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Joelton'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 Joelton or another part of Davidson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Joelton, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$2,441
$2,265
Ownwell’s Joelton Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential buyer looking to estimate their annual property taxes in Joelton. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Joelton to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities with ease. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Davidson County for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Joelton, Tennessee
Property taxes in Joelton, Tennessee, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Joelton is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Joelton set these rates annually, and they can differ significantly across various neighborhoods. Each year, Joelton 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 Joelton's effective property tax rate to other areas in Tennessee and the national median. For comparison, the 37080 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 figures compare with Joelton 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 Joelton 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 Joelton, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37080 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Joelton, Tennessee
In Joelton, 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 Joelton, 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 in Joelton is $256,900, with tax bills ranging from $1,706 at the 25th percentile to $4,365 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 Joelton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Joelton Assessed Value
$256,900
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 Joelton, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37080 | $90,700 | $180,098 | $256,900 | $350,175 | $460,918 |
Source: Ownwell
Property Tax Bills Across Joelton, Tennessee
In Joelton, located in Davidson County, TN, property tax bills are calculated based on the assessed value of the property. The assessed value is derived from the market value, which is determined by the local assessor's office. Homeowners in Joelton can expect their tax bills to vary significantly, with the 25th percentile at $1,706 and the 75th percentile at $3,316. The highest median tax bill in the area reaches $2,433, consistent across the 37080 zip code. The local property tax rate, when applied to the assessed value, determines the final tax bill. This rate is crucial as it directly impacts how much homeowners will owe annually. Factors such as property location, size, and market conditions influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Joelton's property taxes can be seen as relatively competitive. Homeowners should be aware of these factors as they can significantly impact their financial planning and overall cost of homeownership.
Average Joelton Tax Bill
$2,433
Average Davidson County Tax Bill
$2,764
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Joelton, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37080 | $859 | $1,706 | $2,433 | $3,316 | $4,365 |
Source: Ownwell