La Vergne, Tennessee Property Taxes
The median property tax rate in LA VERGNE, 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 LA VERGNE at $229,900, the typical annual property tax bill reaches $2,177, just below the national median of $2,690. Property taxes in LA VERGNE 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 LA VERGNE'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 LA VERGNE 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
La Vergne, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s LA VERGNE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA VERGNE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA VERGNE 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 La Vergne, Tennessee
Property taxes in LA VERGNE, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA VERGNE is 0.95%, slightly lower than the U.S. national median of 0.99%. Local government entities within LA VERGNE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA VERGNE 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 LA VERGNE's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37086 zip code has the highest median property tax rate of 0.95%, while the same 37086 zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with LA VERGNE 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 La Vergne 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 La Vergne, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37086 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across La Vergne, Tennessee
In LA VERGNE, 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 local appraisal authorities 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 LA VERGNE, 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. 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 LA VERGNE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Homeowners in the 37086 zip code have the highest median tax bill at $2,177, which is also the lowest median tax bill in the area. This highlights the importance of understanding local property tax assessments and available exemptions to mitigate tax liabilities.
Average La Vergne Assessed Value
$229,900
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 La Vergne, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37086 | $169,770 | $183,225 | $229,900 | $347,975 | $489,950 |
Source: Ownwell
Property Tax Bills Across La Vergne, Tennessee
In LA VERGNE, located in Davidson County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in LA VERGNE can expect their property tax bills to vary significantly based on factors such as the size, location, and condition of their property. For instance, the median home price in LA VERGNE is $229,900. Property tax bills in the area range from the 25th percentile at $1,735 to the 75th percentile at $3,295, with the 90th percentile reaching $4,640. The highest median tax bill in the area is $2,177, found in the 37086 zip code. Comparatively, the national median property tax rate is 0.99%, highlighting that local rates can vary. These tax bills can significantly impact homeowners by influencing their overall cost of homeownership and potentially affecting their ability to sell or refinance their property. Understanding how these factors interplay is crucial for homeowners to effectively manage their financial planning.
Average La Vergne Tax Bill
$2,177
Average Davidson County Tax Bill
$2,764
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across La Vergne, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37086 | $1,608 | $1,735 | $2,177 | $3,295 | $4,640 |
Source: Ownwell