Cumberland Furnace, Dickson County, Tennessee Property Taxes
Median Cumberland Furnace, TN effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Cumberland Furnace, TN home value: $153,300
Median annual Cumberland Furnace, TN tax bill: $901, $1,499 lower than the national median property tax bill of $2,400.
How are property taxes in Dickson calculated?
Property taxes in Cumberland Furnace, TN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Cumberland Furnace’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cumberland Furnace, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cumberland Furnace, Dickson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$904
$839
Property Tax Rates Across Cumberland Furnace, Dickson County, Tennessee
Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Cumberland Furnace in Dickson County, TN, holds a unique position when it comes to property tax rates. The effective property tax rate here is 0.59%, which aligns with the highest and lowest median tax rates in the area. This is significantly lower than the national median property tax rate of 1.02%. Such a favorable rate can be a considerable advantage for property owners, potentially lowering the annual tax burden compared to other regions.
Understanding these rates is crucial for property owners, as they directly impact financial planning and investment decisions. Comparing Cumberland Furnace’s effective property tax rate with other cities in Tennessee and the national average can provide valuable insights for prospective buyers and current homeowners alike.
Property Tax Rates Across Cumberland Furnace, Dickson County, Tennessee
Source: Ownwell
0.59%
0.66%
0.74%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cumberland Furnace Tax Rate
0.59%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Dickson County Tax Rate
0.59%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cumberland Furnace, Dickson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37051 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Cumberland Furnace, Dickson County, Tennessee
When examining property taxes in Cumberland Furnace, Tennessee, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Dickson County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Dickson County, assessment notices are sent in the spring each year, typically reaching your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cumberland Furnace. For example, the median home price in Cumberland Furnace is $153,300, with tax bills ranging significantly across the county. Zip code 37051 has the highest median home price at $153,300.
Property Tax Assessment Values Across Cumberland Furnace, Dickson County, Tennessee
Source: Ownwell
$124,100
$188,150
$252,200
Median Cumberland Furnace Market Value
$153,300
Median Dickson County Market Value
$180,000
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cumberland Furnace, Dickson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37051 | $38,920 | $92,500 | $153,300 | $240,900 | $341,740 |
Source: Ownwell
Property Tax Bills Across Cumberland Furnace, Dickson County, Tennessee
Property Tax Bills Across Cumberland Furnace, Dickson County, Tennessee
Source: Ownwell
$729
$1,140
$1,551
Median Cumberland Furnace Tax Bill
$901
Median Dickson County Tax Bill
$1,201
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Cumberland Furnace, Dickson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37051 | $228 | $539 | $901 | $1,415 | $2,007 |
Source: Ownwell