Dyer County, Tennessee Property Taxes
The median property tax rate in Dyer County is 0.59%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Dyer County, the typical annual property tax bill is $585, far below the national median of $2,690. Property taxes in Dyer County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Dyer County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Dyersburg or another part of Dyer County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dyer County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$494
$458
Ownwell’s Dyer County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Dyer County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Dyer County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Dyer County, Tennessee
Property taxes in Dyer County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Dyer County is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Dyer County set these rates annually, and they can vary significantly between different areas within the county. Each year, Dyer County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Dyer County's effective property tax rate with other counties in Tennessee and the national median. For comparison, the city of Dyersburg has one of the higher property tax rates in Tennessee at 0.61%, while the city of Ridgely boasts one of the lowest at 0.59%. Analyzing how Dyer County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Dyer County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dyer County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bogota | N/A | N/A | N/A | N/A | N/A |
| Dyersburg | 0.59% | 0.59% | 0.61% | 1.20% | 1.20% |
| Finley | N/A | N/A | N/A | N/A | N/A |
| Friendship | N/A | N/A | N/A | N/A | N/A |
| Halls | N/A | N/A | N/A | N/A | N/A |
| Lenox | N/A | N/A | N/A | N/A | N/A |
| Newbern | N/A | N/A | N/A | N/A | N/A |
| Obion | N/A | N/A | N/A | N/A | N/A |
| Ridgely | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Tigrett | 0.26% | 0.59% | 0.59% | 0.59% | 0.59% |
| Trimble | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Dyer County, Tennessee
In Dyer County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Dyer County Appraisal District. The assessed value, however, 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. Assessment notices in Dyer County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, the highest median tax bill in Dyer County is found in Dyersburg at $646, while the lowest is in Tigrett at $180. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Dyer County Assessed Value
$83,700
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dyer County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bogota | N/A | N/A | N/A | N/A | N/A |
| Dyersburg | $26,700 | $45,300 | $83,300 | $139,500 | $225,750 |
| Finley | N/A | N/A | N/A | N/A | N/A |
| Friendship | N/A | N/A | N/A | N/A | N/A |
| Halls | N/A | N/A | N/A | N/A | N/A |
| Lenox | N/A | N/A | N/A | N/A | N/A |
| Newbern | N/A | N/A | N/A | N/A | N/A |
| Obion | N/A | N/A | N/A | N/A | N/A |
| Ridgely | $22,060 | $33,500 | $59,000 | $105,950 | $223,840 |
| Tigrett | $20,980 | $24,750 | $38,300 | $69,250 | $128,860 |
| Trimble | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Dyer County, Tennessee
In Dyer County, TN, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Factors influencing the tax bill include the property's location, size, and any improvements made. For instance, in Dyersburg, the highest median tax bill stands at $646, while in Tigrett, it's significantly lower at $180. Homeowners in Dyer County can expect their tax bills to vary widely. The 25th percentile tax bill is around $309, while the 75th percentile reaches $1,030, and the 90th percentile can be as high as $1,686. These variations highlight the impact of property values and local tax rates. Compared to the national median property tax rate of 0.99%, Dyer County's tax rates can be considered relatively moderate, providing some relief to homeowners while still funding essential local services.
Average Dyer County Tax Bill
$585
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Dyer County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bogota | N/A | N/A | N/A | N/A | N/A |
| Dyersburg | $156 | $350 | $646 | $1,158 | $1,896 |
| Finley | N/A | N/A | N/A | N/A | N/A |
| Friendship | N/A | N/A | N/A | N/A | N/A |
| Halls | N/A | N/A | N/A | N/A | N/A |
| Lenox | N/A | N/A | N/A | N/A | N/A |
| Newbern | N/A | N/A | N/A | N/A | N/A |
| Obion | N/A | N/A | N/A | N/A | N/A |
| Ridgely | $93 | $172 | $320 | $568 | $1,177 |
| Tigrett | $19 | $134 | $180 | $380 | $708 |
| Trimble | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell