Rutherford, Gibson County, Tennessee Property Taxes
The median property tax rate in Rutherford, TN is 0.76%, significantly lower than the national median of 0.99% but higher than the Tennessee state median of 0.64%. With a median home value of $66,400 in Rutherford, the typical annual property tax bill is around $513, well below the national median of $2,690. Property taxes in Rutherford are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Rutherford'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 Rutherford 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
Rutherford, Gibson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$505
$468
Ownwell’s Rutherford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rutherford with just a few clicks. By entering your property's estimated assessed value, the calculator uses the median tax rate in Rutherford to provide an estimated property tax bill. This valuable tool helps you grasp potential tax liabilities and make informed financial decisions. For those interested in more detailed insights, scrolling down reveals trends and data at the neighborhood level. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Rutherford, Gibson County, Tennessee
Property taxes in Rutherford, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rutherford is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Rutherford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rutherford 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 Rutherford's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38369 zip code has the highest median property tax rate of 0.76%, while the 38369 zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Rutherford provides valuable insights into the varying tax landscape across Gibson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rutherford Tax Rate
0.76%
Average Gibson County Tax Rate
0.76%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rutherford, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38369 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Rutherford, Gibson County, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rutherford, 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 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 Rutherford, 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 Rutherford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rutherford is $66,400, with tax bills ranging from $341 at the 25th percentile to $1,305 at the 90th percentile. The zip code with the highest and lowest median tax bill is 38369, with a median tax bill of $513.
Property Tax Assessment Values Across Rutherford, Gibson County, Tennessee
Source: Ownwell
$58,600
$111,950
$165,300
Average Rutherford Assessed Value
$66,400
Average Gibson County Assessed Value
$77,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rutherford, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38369 | $29,500 | $44,500 | $66,400 | $103,750 | $171,020 |
Source: Ownwell
Property Tax Bills Across Rutherford, Gibson County, Tennessee
Property tax bills in Rutherford, Gibson County, TN, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value, which in Rutherford, with a median home price of $66,400, determines the baseline for taxation. The tax rate is applied to this assessed value to calculate the annual tax bill. For homeowners in Rutherford, the property tax bill varies significantly. At the 25th percentile, homeowners pay around $341 annually, while those at the 75th percentile see bills closer to $815. The top 10% of homeowners face tax bills as high as $1,305. These figures highlight the range of tax burdens depending on property values and specific assessments. Comparatively, the national median property tax rate is 0.99%, making Rutherford's property taxes relatively moderate. This tax burden impacts homeowners by influencing their overall housing costs and can affect decisions related to property investments and homeownership affordability.
Average Rutherford Tax Bill
$513
Average Gibson County Tax Bill
$563
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Rutherford, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38369 | $228 | $341 | $513 | $815 | $1,305 |
Source: Ownwell