Deer Lodge, Tennessee Property Taxes
The median property tax rate in Deer Lodge, 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 $104,000 in Deer Lodge, the typical annual property tax bill is $497, well below the national median of $2,690. Property taxes in Deer Lodge are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Deer Lodge'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 Deer Lodge 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
Deer Lodge, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$499
$463
Ownwell’s Deer Lodge Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Deer Lodge. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Deer Lodge to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at a neighborhood level, additional localized information is available further down the page. Your property’s assessed value, determined by the county, is crucial for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Deer Lodge, Tennessee
Property taxes in Deer Lodge, Tennessee, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Deer Lodge is 0.48%, which is significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Deer Lodge set these rates annually, and they can vary across different neighborhoods. Each year, Deer Lodge 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 Deer Lodge's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37726 has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Deer Lodge 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 Deer Lodge 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 Deer Lodge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37726 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Deer Lodge, Tennessee
In Deer Lodge, 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 local 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 Deer Lodge, 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 Deer Lodge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 37726 has both the highest and lowest median tax bill at $497.00.
Average Deer Lodge Assessed Value
$104,000
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 Deer Lodge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37726 | $53,640 | $72,350 | $104,000 | $166,000 | $250,760 |
Source: Ownwell
Property Tax Bills Across Deer Lodge, Tennessee
In Deer Lodge, Tennessee, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Deer Lodge can expect their tax bills to vary significantly depending on the value of their property. For instance, the 25th percentile tax bill is $346, while the 75th percentile tax bill is $792, and the 90th percentile tax bill reaches $1,198. The median home price in Deer Lodge is $104,000, which provides a benchmark for understanding these variations. Several factors influence the property tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions. In Fentress County, where Deer Lodge is located, the highest and lowest median tax bills are both recorded at $497, indicating a level of consistency within the county. Compared to the national median property tax rate of 0.99%, Deer Lodge's property taxes can be considered moderate, impacting homeowners by contributing to local services and infrastructure while remaining relatively affordable.
Average Deer Lodge Tax Bill
$497
Average Fentress County Tax Bill
$401
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Deer Lodge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37726 | $256 | $346 | $497 | $792 | $1,198 |
Source: Ownwell