Mount Pleasant, Giles County, Tennessee Property Taxes
The median property tax rate in Mount Pleasant, TN is 0.50%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Mount Pleasant at $127,700, the typical annual property tax bill reaches $686, significantly below the national median of $2,690. Property taxes in Mount Pleasant 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 Mount Pleasant'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 Mount Pleasant or another part of Giles County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Pleasant, Giles County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$639
$593
Ownwell’s Mount Pleasant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Pleasant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Pleasant 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 Mount Pleasant, Giles County, Tennessee
Property taxes in Mount Pleasant, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Pleasant 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 Mount Pleasant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Pleasant 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 Mount Pleasant's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38474 zip code has the highest median property tax rate of 0.50%, while the same zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Mount Pleasant 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 Mount Pleasant 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 Mount Pleasant, Giles County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38474 | 0.50% | 0.50% | 0.50% | 0.50% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Mount Pleasant, Giles County, Tennessee
In Mount Pleasant, 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 Mount Pleasant, 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 Mount Pleasant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 38474 has both the highest and lowest median tax bills, each at $686.
Property Tax Assessment Values Across Mount Pleasant, Giles County, Tennessee
Source: Ownwell
$103,700
$152,150
$200,600
Average Mount Pleasant Assessed Value
$127,700
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 Mount Pleasant, Giles County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38474 | $28,400 | $48,250 | $127,700 | $194,725 | $326,500 |
Source: Ownwell
Property Tax Bills Across Mount Pleasant, Giles County, Tennessee
In Mount Pleasant, 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 typically a percentage of the property's market value. For instance, with a median home price of $127,700, the tax bill can vary significantly. Homeowners in the 25th percentile may see bills around $288, while those in the 75th percentile could pay up to $993. At the higher end, in the 90th percentile, tax bills can reach $1,622. Several factors influence these calculations, including property size, location, and any improvements made to the home. These tax bills directly impact homeowners by affecting their annual housing costs. Compared to the national median property tax rate of 0.99%, Mount Pleasant's rates offer a range that can be both affordable and manageable, depending on the specific circumstances of the property. This variability underscores the importance of understanding local property tax dynamics to better manage financial planning for homeownership.
Average Mount Pleasant Tax Bill
$686
Average Giles County Tax Bill
$838
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Pleasant, Giles County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38474 | $141 | $288 | $686 | $993 | $1,622 |
Source: Ownwell