Charlotte, Tennessee Property Taxes
The median property tax rate in Charlotte, TN is 0.59%, which is significantly lower than both the national median of 0.99% and Tennessee's state median of 0.64%. With a median home value of $158,600 in Charlotte, the typical annual property tax bill amounts to $956, well below the national median of $2,690. Property taxes in Charlotte are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Charlotte'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 Charlotte or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Charlotte, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$936
$868
Ownwell’s Charlotte Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Charlotte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Charlotte 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 Dickson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Charlotte, Tennessee
Property taxes in Charlotte, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Charlotte is 0.59%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Charlotte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Charlotte 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 Charlotte's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37036 zip code has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Charlotte 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 Charlotte 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 Charlotte, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37036 | 0.59% | 0.59% | 0.59% | 0.59% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Charlotte, Tennessee
In Charlotte, 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 Charlotte, 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 Charlotte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 37036, with an amount of $956.
Average Charlotte Assessed Value
$158,600
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 Charlotte, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37036 | $50,920 | $104,900 | $158,600 | $222,500 | $325,880 |
Source: Ownwell
Property Tax Bills Across Charlotte, Tennessee
In Charlotte, located in Dickson County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Charlotte is $158,600. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile tax bill around $628 and the 75th percentile reaching $1,340. For those in the 90th percentile, tax bills can go up to $1,929. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. The assessed value is determined by the local tax assessor, who evaluates the home's market value and applies an assessment ratio. Compared to the national median property tax rate of 0.99%, Charlotte's property tax rates are relatively moderate, making it a more affordable option for homeowners. This can significantly affect homeowners, as lower tax bills mean more disposable income and potentially higher property values in the long run. The highest and lowest median tax bills in Charlotte both stand at $956, specifically in the 37036 zip code.
Average Charlotte Tax Bill
$956
Average Dickson County Tax Bill
$1,201
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Charlotte, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37036 | $297 | $628 | $956 | $1,340 | $1,929 |
Source: Ownwell