Byrdstown, Tennessee Property Taxes
The median property tax rate in Byrdstown, TN is 0.48%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $74,750 in Byrdstown, the typical annual property tax bill is $357, well below the national median of $2,690. Property taxes in Byrdstown 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 Byrdstown'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 Byrdstown or another part of Fentress County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Byrdstown, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$359
Ownwell’s Byrdstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Byrdstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Byrdstown 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 Byrdstown, Tennessee
Property taxes in Byrdstown, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Byrdstown is 0.48%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Byrdstown set these rates annually, and they can vary across different neighborhoods. Each year, Byrdstown 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 Byrdstown's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 38549 has both the highest and lowest median property tax rate at 0.48%, indicating a uniform tax rate across Byrdstown. Understanding how these cities compare with Byrdstown provides valuable insights into the varying tax landscape across Fentress County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Byrdstown Tax Rate
0.48%
Average Fentress County Tax Rate
0.48%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Byrdstown, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38549 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Byrdstown, Tennessee
In Byrdstown, 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 Fentress 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 Byrdstown, 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 Byrdstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Byrdstown are both $357, found in the 38549 zip code.
Average Byrdstown Assessed Value
$74,750
Average Fentress County Assessed Value
$83,600
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Byrdstown, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38549 | $48,750 | $58,475 | $74,750 | $102,050 | $127,850 |
Source: Ownwell
Property Tax Bills Across Byrdstown, Tennessee
In Byrdstown, located in Fentress County, TN, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is typically a percentage of the property's market value. For example, a median home price in Byrdstown is $74,750, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including the property's location, size, and condition. Homeowners in Byrdstown can expect their property tax bills to vary, with the 25th percentile tax bill at $279 and the 75th percentile at $488. The 90th percentile tax bill can go up to $610, reflecting higher-value properties or those with significant improvements. These property tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Even though Fentress County's median tax bill of $357 is below the national median property tax rate of 0.99%, it remains a crucial financial consideration for residents.
Average Byrdstown Tax Bill
$357
Average Fentress County Tax Bill
$401
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Byrdstown, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38549 | $232 | $279 | $357 | $488 | $610 |
Source: Ownwell