Sardis, Decatur County, Tennessee Property Taxes
The median property tax rate in Sardis, TN is 0.64%, aligning with the Tennessee state median but lower than the national median of 0.99%. With a median home value of $97,300 in Sardis, the typical annual property tax bill amounts to $628, which is significantly below the national median of $2,690. Property taxes in Sardis are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Sardis'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 Sardis or another part of Decatur County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sardis, Decatur County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$623
$578
Ownwell’s Sardis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sardis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sardis 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 Sardis, Decatur County, Tennessee
Property taxes in Sardis, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sardis is 0.64%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Sardis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sardis 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 Sardis's effective property tax rate to other areas in Tennessee and the national median. For comparison, the 38371 zip code has the highest median property tax rate of 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these areas compare with Sardis 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 Sardis 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 Sardis, Decatur County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38371 | 0.64% | 0.64% | 0.64% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Sardis, Decatur County, Tennessee
In Sardis, 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 Sardis, 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 example, the median home price in Sardis is $97,300, with tax bills ranging from $568 at the 25th percentile to $1,048 at the 90th percentile. The highest median tax bill is $628 in the zip code 38371, which also has the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Sardis, Decatur County, Tennessee
Source: Ownwell
$66,100
$94,600
$123,100
Average Sardis Assessed Value
$97,300
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 Sardis, Decatur County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38371 | $40,520 | $88,150 | $97,300 | $136,400 | $162,440 |
Source: Ownwell
Property Tax Bills Across Sardis, Decatur County, Tennessee
In Sardis, located in Decatur County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by local assessors. Homeowners in Sardis typically see property tax bills that vary significantly depending on their property's assessed value. For instance, the median home price in Sardis is $97,300, resulting in a median tax bill of $628. Factors that influence the tax bill include the property's location within Decatur County and any applicable exemptions or deductions. Homeowners in the 25th percentile of tax bills pay around $568, while those in the 75th percentile pay about $880. At the 90th percentile, the tax bill can reach up to $1,048. These property tax rates are relatively lower compared to the national median property tax rate of 0.99%, providing some financial relief to homeowners in Sardis. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Sardis Tax Bill
$628
Average Decatur County Tax Bill
$529
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Sardis, Decatur County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38371 | $261 | $568 | $628 | $880 | $1,048 |
Source: Ownwell