Darden, Decatur County, Tennessee Property Taxes
The median property tax rate in Darden, TN is 0.64%, aligning with Tennessee's state median but significantly lower than the national median of 0.99%. With a median home value of $73,200 in Darden, the typical annual property tax bill amounts to $472, well below the national median of $2,690. Property taxes in Darden are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Darden's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Darden or another part of the city, gaining insight into the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Darden, Decatur County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$468
$435
Ownwell’s Darden Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Darden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Darden 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 Darden, Decatur County, Tennessee
Property taxes in Darden, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Darden is 0.64%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Darden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Darden 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 Darden's effective property tax rate to other areas in Tennessee and the national median. For comparison, the 38328 zip code has both the highest and lowest median property tax rate of 0.64%. Understanding how these areas compare with Darden provides valuable insights into the varying tax landscape across Decatur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Darden Tax Rate
0.64%
Average Decatur County Tax Rate
0.65%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Darden, Decatur County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38328 | 0.64% | 0.64% | 0.64% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Darden, Decatur County, Tennessee
In Darden, 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 Decatur 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 Darden, 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 Darden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 38328 has both the highest and lowest median tax bill at $472.
Property Tax Assessment Values Across Darden, Decatur County, Tennessee
Source: Ownwell
$66,100
$94,600
$123,100
Average Darden Assessed Value
$73,200
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 Darden, Decatur County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38328 | $26,560 | $44,350 | $73,200 | $118,400 | $169,340 |
Source: Ownwell
Property Tax Bills Across Darden, Decatur County, Tennessee
In Darden, located in Decatur County, TN, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is typically a percentage of the property's market value. For homeowners in Darden, the median home price is $73,200. The property tax rate in Decatur County is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, its assessed value, and any applicable exemptions. For instance, tax bills in Darden range from the 25th percentile at $286 to the 75th percentile at $764, with the 90th percentile reaching up to $1,092. These variations highlight how property value and local tax policies can significantly impact what homeowners owe. Compared to the national median property tax rate of 0.99%, the property tax rates in Darden offer a relatively affordable option for residents. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Darden Tax Bill
$472
Average Decatur County Tax Bill
$529
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Darden, Decatur County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38328 | $171 | $286 | $472 | $764 | $1,092 |
Source: Ownwell