Dickson, Tennessee Property Taxes
The median property tax rate in Dickson, TN is 0.69%, slightly higher than the Tennessee state median of 0.64% but lower than the national median of 0.99%. With the median home value in Dickson at $174,600, the typical annual property tax bill reaches $1,224, which is below the national median of $2,690. Property taxes in Dickson are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dickson'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 Dickson or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dickson, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,205
$1,118
Ownwell’s Dickson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dickson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dickson 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 Dickson, Tennessee
Property taxes in Dickson, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dickson is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Dickson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dickson 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 Dickson's effective property tax rate to other regions and the national median. For comparison, the zip code 37055 has both the highest and lowest median property tax rate of 0.69%. Understanding how these areas compare with Dickson 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 Dickson Tax Rate
0.69%
Average Dickson County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dickson, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37055 | 0.59% | 0.59% | 0.69% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Dickson, Tennessee
In Dickson, 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 Assessor 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 Dickson, 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. The median home price here is $174,600, with tax bills ranging from $868 at the 25th percentile to $2,288 at the 90th percentile. Notably, the highest and lowest median tax bills are both found in the 37055 zip code, each at $1,224. 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 Dickson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dickson Assessed Value
$174,600
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 Dickson, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37055 | $82,150 | $127,275 | $174,600 | $243,825 | $337,650 |
Source: Ownwell
Property Tax Bills Across Dickson, Tennessee
In Dickson, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Dickson can expect property tax bills to vary widely depending on their property's assessed value. For instance, the median home price in Dickson is $174,600, and property tax bills can range from $868 at the 25th percentile to $2,288 at the 90th percentile. The median property tax bill in the area stands at $1,224, which is lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property improvements, changes in market conditions, and local tax rates. These property taxes significantly impact homeowners' annual expenses, making it essential for them to understand how their tax bill is determined and to explore potential exemptions or appeals if they believe their property has been over-assessed.
Average Dickson Tax Bill
$1,224
Average Dickson County Tax Bill
$1,201
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Dickson, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37055 | $541 | $868 | $1,224 | $1,679 | $2,288 |
Source: Ownwell