Whites Creek, Tennessee Property Taxes
The median property tax rate in Whites Creek, TN is 0.95%, slightly below the national median of 0.99% but significantly higher than Tennessee's state median of 0.64%. With the median home value in Whites Creek at $253,950, the typical annual property tax bill reaches $2,405, which is below the national median of $2,690. Property taxes in Whites Creek are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Whites Creek'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 Whites Creek 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
Whites Creek, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$2,413
Ownwell’s Whites Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whites Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whites Creek 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 Davidson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Whites Creek, Tennessee
Property taxes in Whites Creek, Tennessee, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Whites Creek is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Whites Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whites Creek 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 Whites Creek's effective property tax rate to other areas in Tennessee and the national median. For comparison, the 37189 zip code has the same median property tax rate of 0.95%. Understanding how these areas compare with Whites Creek 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 Whites Creek 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 Whites Creek, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37189 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Whites Creek, Tennessee
In Whites Creek, 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 Whites Creek, 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 Whites Creek is $253,950, and tax bills can vary significantly, with the 25th percentile at $1,754 and the 90th percentile reaching $4,415. Notably, the zip code 37189 has the highest and lowest median tax bill at $2,405. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Whites Creek, Tennessee
Source: Ownwell
$36,784
$558,792
$1,080,800
Average Whites Creek Assessed Value
$253,950
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 Whites Creek, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37189 | $114,980 | $185,200 | $253,950 | $350,050 | $466,230 |
Source: Ownwell
Property Tax Bills Across Whites Creek, Tennessee
In Whites Creek, Davidson County, TN, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the market value of the home, which is determined by the county assessor. For example, if a home has a market value of $253,950, the assessed value will be a fraction of this amount, as specified by local regulations. Once the assessed value is determined, it is multiplied by the local property tax rate to calculate the tax bill. In Whites Creek, tax bills can vary significantly, with homeowners in the 25th percentile paying around $1,754, while those in the 75th percentile pay approximately $3,315. The 90th percentile sees tax bills as high as $4,415. These figures highlight the range of property tax burdens faced by homeowners in the area. Compared to the national median property tax rate of 0.99%, Whites Creek's property tax rates can be quite variable, impacting homeowners differently based on their property's assessed value and location within the county.
Average Whites Creek Tax Bill
$2,405
Average Davidson County Tax Bill
$2,764
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Whites Creek, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37189 | $1,089 | $1,754 | $2,405 | $3,315 | $4,415 |
Source: Ownwell