Bluffton, Tennessee Property Taxes
The median property tax rate in Bluffton, TN is 0.79%, which is lower than the national median of 0.99% but higher than Tennessee's state median of 0.64%. With a median home value of $24,800, the typical annual property tax bill in Bluffton is $196, significantly below the national median of $2,690. Property taxes in Bluffton are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Bluffton'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 Bluffton or another part of Hamblen County, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bluffton, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$196
Ownwell’s Bluffton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bluffton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bluffton 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 Bluffton, Tennessee
Property taxes in Bluffton, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bluffton is 0.79%, lower than the U.S. national median of 0.99%. Local government entities within Bluffton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bluffton 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 Bluffton's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 29910 zip code has both the highest and lowest median property tax rate of 0.79%. Understanding how these cities compare with Bluffton provides valuable insights into the varying tax landscape across Hamblen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bluffton Tax Rate
0.79%
Average Hamblen County Tax Rate
0.49%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bluffton, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29910 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Bluffton, Tennessee
In Bluffton, 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 Hamblen 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 Bluffton, 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 Bluffton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Bluffton's 29910 zip code has both the highest and lowest median tax bill at $196, reflecting the uniformity in tax assessments throughout the area.
Average Bluffton Assessed Value
$24,800
Average Hamblen County Assessed Value
$105,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bluffton, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29910 | $24,800 | $24,800 | $24,800 | $24,800 | $24,800 |
Source: Ownwell
Property Tax Bills Across Bluffton, Tennessee
In Bluffton, located in Hamblen County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The median home price in Bluffton is $24,800. Tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, ultimately affecting the tax bill. The tax bill in Bluffton is relatively low compared to the national median property tax rate of 0.99%. The tax bill at the 25th, 75th, and 90th percentiles is consistently $196, indicating a uniform tax rate across different property values. This uniformity simplifies the process for homeowners, ensuring predictability in their annual expenses. For homeowners, understanding these factors is crucial as it directly impacts their yearly financial planning and the affordability of owning property in this region. Bluffton's consistent and relatively low property tax bills make it an attractive location for potential homeowners.
Average Bluffton Tax Bill
$196
Average Hamblen County Tax Bill
$619
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Bluffton, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29910 | $196 | $196 | $196 | $196 | $196 |
Source: Ownwell