Arlington, Tennessee Property Taxes
The median property tax rate in Arlington, Tennessee is 0.32%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Arlington at $133,400, the typical annual property tax bill reaches $441, significantly below the national median of $2,690. Property taxes in Arlington 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 Arlington'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 Arlington 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
Arlington, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$427
$396
Ownwell’s Arlington Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential buyer looking to estimate their annual property taxes in Arlington. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Arlington to provide an accurate estimate of your property tax bill. This invaluable resource helps you understand your potential tax liabilities with ease. For those interested in more detailed trends and insights at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Fayette County, plays a crucial role in these calculations, taking into account any applicable exemptions.
Property Tax Rates Across Arlington, Tennessee
Property taxes in Arlington, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlington is 0.83%, significantly higher than both the Tennessee state median of 0.64% and the U.S. national median of 0.99%. Local government entities within Arlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arlington 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 Arlington's effective property tax rate to other counties in Tennessee and the national median. For comparison, 38002 has the highest median property tax rate of 1.13%, while 38028 has the lowest median tax rate of 0.53%. Understanding how these cities compare with Arlington provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arlington Tax Rate
0.32%
Average Fayette County Tax Rate
0.32%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arlington, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38002 | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Arlington, Tennessee
In Arlington, 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 Fayette 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 Arlington, 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. The zip code with the highest median tax bill is 38002, at $441.00, and the zip code with the lowest median tax bill is also 38002, at $441.00. Being aware of these valuation processes in Arlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arlington Assessed Value
$133,400
Average Fayette County Assessed Value
$164,200
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arlington, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38002 | $19,600 | $32,500 | $133,400 | $345,000 | $558,360 |
Source: Ownwell
Property Tax Bills Across Arlington, Tennessee
In Arlington, TN, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The assessment ratio in Tennessee typically stands at 25% for residential properties. For example, a home with a market value of $133,400 would have an assessed value of $33,350. This assessed value is then multiplied by the local tax rate set by Fayette County to determine the annual property tax bill. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or abatements. Homeowners in Arlington can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is around $107, while the 75th percentile reaches $1,127. The highest median tax bill recorded in the region is $441, and it applies uniformly across the zip code 38002. Understanding these factors is crucial for homeowners, as property taxes directly impact the overall cost of owning a home. Compared to the national median property tax rate of 0.99%, Arlington offers a relatively affordable property tax environment.
Average Arlington Tax Bill
$441
Average Fayette County Tax Bill
$616
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Arlington, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38002 | $64 | $107 | $441 | $1,127 | $1,820 |
Source: Ownwell