Dellrose, Tennessee Property Taxes
The median property tax rate in Dellrose, TN is 0.50%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $170,500 in Dellrose, the typical annual property tax bill is $876, well below the national median of $2,690. Property taxes in Dellrose are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Dellrose's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dellrose or another part of Giles County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dellrose, 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 Dellrose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dellrose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dellrose 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 Dellrose, Tennessee
Property taxes in Dellrose, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dellrose is 0.50%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Dellrose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dellrose 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 Dellrose's effective property tax rate to other regions in Tennessee and the national median. For comparison, the ZIP code 38453 has both the highest and lowest median property tax rate of 0.50%. Understanding how these areas compare with Dellrose 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 Dellrose Tax Rate
0.50%
Average Giles County Tax Rate
0.50%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dellrose, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38453 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Dellrose, Tennessee
In Dellrose, 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 Assessor 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 Dellrose, 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. The median home price in Dellrose is $170,500, with tax bills ranging from $422 at the 25th percentile to $1,947 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 38453, with a median tax bill of $876. 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 Dellrose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dellrose Assessed Value
$170,500
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 Dellrose, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38453 | $50,490 | $87,825 | $170,500 | $266,025 | $391,980 |
Source: Ownwell
Property Tax Bills Across Dellrose, Tennessee
In Dellrose, Giles County, TN, property tax bills are determined by assessing the value of a home and applying the local tax rate. The median home price in Dellrose is $170,500. Property taxes are calculated based on the assessed value, which is a percentage of the market value. Homeowners in this region can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is $422, while the 75th percentile tax bill reaches $1,321, and the 90th percentile tax bill can be as high as $1,947. These variations in tax bills are influenced by factors such as property location, home size, and any applicable exemptions. For homeowners, understanding these factors is crucial as they directly impact annual expenses. Compared to the national median property tax rate of 0.99%, Dellrose's property tax rates can be more favorable, making it an attractive option for potential homeowners looking to manage their costs effectively.
Average Dellrose Tax Bill
$876
Average Giles County Tax Bill
$838
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Dellrose, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38453 | $230 | $422 | $876 | $1,321 | $1,947 |
Source: Ownwell