Bon Aqua, Tennessee Property Taxes
The median property tax rate in Bon Aqua, TN is 0.59%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $243,600 in Bon Aqua, the typical annual property tax bill amounts to $1,431, well below the national median of $2,690. Property taxes in Bon Aqua are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bon Aqua'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 Bon Aqua or another part of Dickson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bon Aqua, 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 Bon Aqua Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bon Aqua with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bon Aqua to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more localized information, scroll down to explore trends on a neighborhood level. Your property’s assessed value is determined by the county for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Bon Aqua, Tennessee
Property taxes in Bon Aqua, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bon Aqua is 0.59%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Bon Aqua set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bon Aqua 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 Bon Aqua's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37025 zip code has the highest median property tax rate of 0.59%, while the same 37025 zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Bon Aqua provides valuable insights into the varying tax landscape across Dickson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bon Aqua Tax Rate
0.59%
Average Dickson County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bon Aqua, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37025 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Bon Aqua, Tennessee
In Bon Aqua, 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 Dickson 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 Bon Aqua, 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 Bon Aqua is $243,600, with property tax bills ranging from $918 at the 25th percentile to $2,492 at the 90th percentile. The zip code 37025 has the highest and lowest median tax bill, both at $1,431. 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 Bon Aqua helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bon Aqua Assessed Value
$243,600
Average Dickson County Assessed Value
$180,000
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bon Aqua, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37025 | $93,050 | $156,275 | $243,600 | $328,525 | $424,270 |
Source: Ownwell
Property Tax Bills Across Bon Aqua, Tennessee
In Bon Aqua, located in Dickson County, TN, property tax bills are calculated based on the assessed value of a home. The county's property tax rate is applied to the assessed value, which is typically a percentage of the market value of the property. For instance, with a median home price of $243,600, homeowners can expect their tax bill to vary significantly based on the assessed value and applicable exemptions. Several factors influence the final tax bill, including property size, location, and any improvements or modifications made to the home. In Bon Aqua, the 25th percentile of tax bills is around $918, while the 75th percentile reaches $1930. The highest tax bills, at the 90th percentile, can go up to $2492. Comparatively, the national median property tax rate is 0.99%, which helps put Bon Aqua's rates into perspective. Homeowners in Bon Aqua should be aware of these factors, as they directly impact their annual financial obligations. Understanding how these elements interact can help residents manage their expenses more effectively.
Average Bon Aqua Tax Bill
$1,431
Average Dickson County Tax Bill
$1,201
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Bon Aqua, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37025 | $547 | $918 | $1,431 | $1,930 | $2,492 |
Source: Ownwell