Southside, Tennessee Property Taxes
The median property tax rate in Southside, TN is 0.59%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Southside at $100,300, the typical annual property tax bill is $589, well below the national median of $2,690. Property taxes in Southside 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 Southside'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 Southside 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
Southside, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$592
Ownwell’s Southside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Southside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Southside 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 Southside, Tennessee
Property taxes in Southside, Tennessee, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Southside is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Southside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Southside 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 Southside's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37171 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 Southside 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 Southside 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 Southside, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37171 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Southside, Tennessee
In Southside, 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 Southside, 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 Southside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Southside are both $589, found in the 37171 zip code.
Average Southside Assessed Value
$100,300
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 Southside, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37171 | $28,740 | $37,900 | $100,300 | $240,100 | $291,620 |
Source: Ownwell
Property Tax Bills Across Southside, Tennessee
In Southside, Tennessee, 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 Southside is $100,300. Property taxes are then determined by applying the local tax rate to this assessed value. In Dickson County, where Southside is located, the median property tax bill stands at $589.00, which is relatively low compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, homeowners whose tax bills fall in the 25th percentile pay around $223, while those in the 75th percentile face bills of approximately $1,411. The highest property tax bills, in the 90th percentile, can reach up to $1,713. These variations significantly impact homeowners, affecting their annual expenses and long-term financial planning.
Average Southside Tax Bill
$589
Average Dickson County Tax Bill
$1,201
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Southside, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37171 | $169 | $223 | $589 | $1,411 | $1,713 |
Source: Ownwell