Decatur County Property Taxes
The median property tax rate in Decatur County is 0.65%, which is slightly higher than the Tennessee state median of 0.64% but still below the national median of 0.99%. With a median home value of $75,850 in Decatur County, the typical annual property tax bill is approximately $529, significantly lower than the national median of $2,690. Property taxes in Decatur County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding the specific property tax system in Decatur County, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Parsons or another part of Decatur County, gaining a comprehensive understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Decatur County 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 Decatur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Decatur with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Decatur 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 Decatur County, Tennessee
Property taxes in Decatur County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Decatur County is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Decatur County set these rates annually, and they can vary significantly between different areas within the county. Each year, Decatur 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 Decatur County's effective property tax rate with other areas and the national median. For comparison, the city of Parsons has one of the higher property tax rates in the area at 0.65%, while the city of Darden boasts one of the lowest at 0.64%. Analyzing how Decatur County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Decatur County Tax Rate
0.65%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Decatur County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bath Springs | 0.64% | 0.64% | 0.65% | 0.65% | 0.65% |
| Darden | 0.64% | 0.64% | 0.64% | 0.65% | 0.65% |
| Decaturville | 0.64% | 0.64% | 0.65% | 0.65% | 0.86% |
| Holladay | 0.64% | 0.64% | 0.65% | 0.65% | 0.65% |
| Parsons | 0.64% | 0.64% | 0.65% | 0.86% | 0.86% |
| Sardis | 0.64% | 0.64% | 0.64% | 0.65% | 0.65% |
| Scotts Hill | 0.64% | 0.64% | 0.65% | 0.65% | 0.65% |
| Sugar Tree | 0.64% | 0.64% | 0.64% | 0.65% | 0.65% |
| Wildersville | 0.64% | 0.64% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Decatur County, Tennessee
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Decatur County, TN. 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 Decatur 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 Decatur 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. Notably, Bath Springs has the highest median tax bill at $800, while Scotts Hill has the lowest at $426. 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 Decatur County, Tennessee
Source: Ownwell
$66,100
$94,600
$123,100
Average Decatur County Assessed Value
$75,850
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Decatur County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bath Springs | $34,700 | $63,100 | $123,100 | $235,500 | $348,000 |
| Darden | $26,560 | $44,350 | $73,200 | $118,400 | $169,340 |
| Decaturville | $25,790 | $44,275 | $79,300 | $133,025 | $209,630 |
| Holladay | $23,300 | $41,750 | $77,650 | $119,775 | $189,900 |
| Parsons | $22,310 | $39,775 | $68,450 | $115,825 | $190,190 |
| Sardis | $40,520 | $88,150 | $97,300 | $136,400 | $162,440 |
| Scotts Hill | $21,200 | $36,300 | $66,100 | $111,900 | $202,300 |
| Sugar Tree | $24,820 | $42,100 | $82,600 | $162,000 | $265,540 |
| Wildersville | $42,700 | $73,575 | $101,150 | $112,300 | $177,300 |
Source: Ownwell
Property Tax Bills Across Decatur County, Tennessee
In Decatur 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 Decatur County see a range of property tax bills, with the 25th percentile at $294 and the 75th percentile at $899. The highest median tax bill in the county is found in Bath Springs at $800, while Scotts Hill has the lowest median tax bill at $426. Factors influencing the tax bill include property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Decatur County offers relatively lower tax bills, which can make homeownership more affordable. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Decatur County Tax Bill
$529
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Decatur County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bath Springs | $224 | $407 | $800 | $1,519 | $2,245 |
| Darden | $171 | $286 | $472 | $764 | $1,092 |
| Decaturville | $171 | $310 | $546 | $896 | $1,378 |
| Holladay | $150 | $269 | $501 | $790 | $1,225 |
| Parsons | $154 | $287 | $498 | $826 | $1,328 |
| Sardis | $261 | $568 | $628 | $880 | $1,048 |
| Scotts Hill | $137 | $233 | $426 | $724 | $1,310 |
| Sugar Tree | $160 | $272 | $533 | $1,045 | $1,712 |
| Wildersville | $276 | $474 | $652 | $724 | $1,144 |
Source: Ownwell