Ardmore, Giles County, Tennessee Property Taxes
The median property tax rate in Ardmore, TN is 0.54%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Ardmore at $171,400, the typical annual property tax bill reaches $909, significantly under the national median of $2,690. Property taxes in Ardmore are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ardmore'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 Ardmore 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
Ardmore, Giles County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$926
$859
Ownwell’s Ardmore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ardmore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ardmore 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 Ardmore, Giles County, Tennessee
Property taxes in Ardmore, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ardmore is 0.54%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Ardmore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ardmore 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 Ardmore's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 38449 has both the highest and lowest median property tax rate in the area at 0.54%. Understanding how these cities compare with Ardmore provides valuable insights into the varying tax landscape across Giles County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ardmore Tax Rate
0.54%
Average Giles County Tax Rate
0.50%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ardmore, Giles County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38449 | 0.50% | 0.50% | 0.54% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Ardmore, Giles County, Tennessee
In Ardmore, 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 Giles 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 Ardmore, 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 Ardmore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $171,400, with tax bills ranging from $626 at the 25th percentile to $2,041 at the 90th percentile. The highest and lowest median tax bills, both at $909, are found in the 38449 zip code.
Property Tax Assessment Values Across Ardmore, Giles County, Tennessee
Source: Ownwell
$103,700
$152,150
$200,600
Average Ardmore Assessed Value
$171,400
Average Giles County Assessed Value
$155,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ardmore, Giles County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38449 | $76,600 | $119,200 | $171,400 | $257,800 | $385,220 |
Source: Ownwell
Property Tax Bills Across Ardmore, Giles County, Tennessee
In Ardmore, TN, located within Giles County, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $171,400, the tax bill can vary significantly. Homeowners at the 25th percentile can expect to pay around $626 annually, while those at the 75th percentile might see bills closer to $1,366. Several factors influence these variations, including property size, location, and any applicable exemptions. The highest and lowest median tax bills in the area are both reported at $909, reflecting consistent assessments within certain localities. Compared to the national median property tax rate of 0.99%, Ardmore's rates offer a relatively affordable option for homeowners. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly.
Average Ardmore Tax Bill
$909
Average Giles County Tax Bill
$838
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Ardmore, Giles County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38449 | $402 | $626 | $909 | $1,366 | $2,041 |
Source: Ownwell