Gibson, Gibson County, Tennessee Property Taxes
Median Gibson, TN effective property tax rate: 1.02%, on par with the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Gibson, TN home value: $58,600
Median annual Gibson, TN tax bill: $598, $1,802 lower than the national median property tax bill of $2,400.
How are property taxes in Gibson calculated?
Property taxes in Gibson, TN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Gibson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gibson, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gibson, Gibson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.02%
Estimate Property Tax Bill
$598
$555
Property Tax Rates Across Gibson, Gibson County, Tennessee
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and then divides that figure by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and legal frameworks play a role in establishing tax rates and budgets, this process is essentially what happens each year.
You can compare Gibson's effective property tax rate to those of other cities in Tennessee, as well as to the median property tax rates in Tennessee and across the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Gibson Tax Rate
1.02%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Gibson County Tax Rate
0.76%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gibson, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38338 | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Gibson, Gibson County, Tennessee
When examining property taxes in Gibson, TN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Gibson County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices in Gibson County are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Gibson. For example, the median home price in Gibson is $58,600, with tax bills ranging significantly across the county. ZIP code 38338 has the highest median home price at $58,600.
Property Tax Assessment Values Across Gibson, Gibson County, Tennessee
Source: Ownwell
$58,600
$111,950
$165,300
Median Gibson Market Value
$58,600
Median Gibson County Market Value
$77,800
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gibson, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38338 | $23,500 | $45,600 | $58,600 | $71,150 | $90,860 |
Source: Ownwell
Property Tax Bills Across Gibson, Gibson County, Tennessee
Median Gibson Tax Bill
$598
Median Gibson County Tax Bill
$563
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Gibson, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38338 | $232 | $465 | $598 | $725 | $927 |
Source: Ownwell