Crawford, Tennessee Property Taxes
The median property tax rate in Crawford, 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 $37,900 in Crawford, the typical annual property tax bill is $181, far below the national median of $2,690. Property taxes in Crawford 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 Crawford'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 Crawford 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
Crawford, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Crawford Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Crawford. Simply input your property's estimated assessed value, and the calculator will apply the median tax rate specific to Crawford, providing a clear estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities with ease. For those interested in more detailed trends at a neighborhood level, additional localized information is available as you scroll down. Your property’s assessed value, determined by the county, forms the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Crawford, Tennessee
Property taxes in Crawford, Tennessee, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Crawford is 0.48%, which is considerably lower than the U.S. national median of 0.99%. Local government entities within Crawford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crawford 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 Crawford's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38554 zip code has the highest median property tax rate of 0.48%, while this same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Crawford 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 Crawford 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 Crawford, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38554 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Crawford, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Crawford, Tennessee. 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 Crawford, 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 in Crawford is $37,900, with the 25th percentile tax bill at $148 and the 75th percentile at $228. 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 highest and lowest median tax bills are both $181 in zip code 38554. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crawford Assessed Value
$37,900
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 Crawford, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38554 | $30,450 | $31,050 | $37,900 | $47,900 | $65,850 |
Source: Ownwell
Property Tax Bills Across Crawford, Tennessee
In Crawford, a city in Fentress County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The median home price in Crawford is $37,900. Property tax rates are applied to this assessed value to determine the annual tax bill. For example, the tax bill for homes in the 25th percentile is around $148, while those in the 75th percentile pay approximately $228. The 90th percentile sees tax bills as high as $314. These amounts are relatively low compared to the national median property tax rate of 0.99%. Factors that influence the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in Crawford benefit from lower property tax rates, which can make homeownership more affordable and attractive. However, it's essential for homeowners to stay informed about any changes in property values or tax rates that could affect their annual tax obligations.
Average Crawford Tax Bill
$181
Average Fentress County Tax Bill
$401
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Crawford, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38554 | $146 | $148 | $181 | $228 | $314 |
Source: Ownwell