Flintville, Tennessee Property Taxes
The median property tax rate in Flintville, TN is 0.47%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Flintville at $191,800, the typical annual property tax bill reaches $899, significantly below the national median of $2,690. Property taxes in Flintville are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Flintville'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 Flintville 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
Flintville, 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 Flintville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flintville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flintville 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 Flintville, Tennessee
Property taxes in Flintville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flintville is 0.47%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Flintville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flintville 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 Flintville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37335 zip code has both the highest and lowest median property tax rate of 0.47%. Understanding how these cities compare with Flintville provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flintville Tax Rate
0.47%
Average Franklin County Tax Rate
0.47%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flintville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37335 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Flintville, Tennessee
In Flintville, 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 Franklin 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 Flintville, 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 Flintville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $191,800, with the highest median tax bill at $899 in zip code 37335.
Average Flintville Assessed Value
$191,800
Average Franklin County Assessed Value
$205,400
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flintville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37335 | $128,400 | $160,650 | $191,800 | $265,250 | $349,300 |
Source: Ownwell
Property Tax Bills Across Flintville, Tennessee
In Flintville, located in Franklin County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. The property tax rate is then applied to this assessed value to determine the final tax bill. For homeowners in Flintville, the median home price stands at $191,800. The property tax bill varies widely, with the 25th percentile at $753 and the 75th percentile at $1244. At the 90th percentile, the tax bill can reach up to $1638. These figures reflect how property values and tax rates impact the financial responsibilities of homeowners. Comparatively, the national median property tax rate is 0.99%, offering a benchmark to understand local tax rates better. Homeowners in Flintville should be aware of these factors as they significantly influence annual financial planning and the overall cost of owning a home in the area.
Average Flintville Tax Bill
$899
Average Franklin County Tax Bill
$1,112
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Flintville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37335 | $602 | $753 | $899 | $1,244 | $1,638 |
Source: Ownwell