Apison, Hamilton County, Tennessee Property Taxes
The median property tax rate in Apison, TN is 0.56%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $321,000 in Apison, the typical annual property tax bill is $1,826, well below the national median of $2,690. Property taxes in Apison 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 Apison'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 Apison or another part of Hamilton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Apison, Hamilton County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,798
$1,668
Ownwell’s Apison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Apison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Apison 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 Apison, Hamilton County, Tennessee
Property taxes in Apison, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Apison is 0.56%, which is lower than both the Tennessee state median of 0.71% and the U.S. national median of 0.99%. Local government entities within Apison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Apison 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 Apison's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37302 zip code has the highest median property tax rate of 0.56%, while the same 37302 zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Apison provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Apison Tax Rate
0.56%
Average Hamilton County Tax Rate
0.56%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Apison, Hamilton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37302 | 0.56% | 0.56% | 0.56% | 0.56% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Apison, Hamilton County, Tennessee
In Apison, 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 Hamilton County Assessor's Office 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 Apison, 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 Apison is $321,000, with property tax bills ranging significantly. For instance, the 25th percentile tax bill is $1,112, while the 75th percentile tax bill is $2,247. 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 Apison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Apison, Hamilton County, Tennessee
Source: Ownwell
$44,900
$299,425
$553,950
Average Apison Assessed Value
$321,000
Average Hamilton County Assessed Value
$194,600
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Apison, Hamilton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37302 | $113,600 | $189,950 | $321,000 | $400,700 | $497,200 |
Source: Ownwell
Property Tax Bills Across Apison, Hamilton County, Tennessee
In Apison, located in Hamilton County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Homeowners in Apison can expect their property tax bills to vary significantly depending on their home's assessed value. For instance, the 25th percentile tax bill is around $1,112, while the 75th percentile tax bill reaches approximately $2,247. At the higher end, the 90th percentile tax bill can go up to $2,716. These tax bills are influenced by various factors, including the home's market value, local tax rates, and any applicable exemptions. The median home price in Apison is $321,000, which is a crucial factor in determining the tax bill. Compared to the national median property tax rate of 0.99%, Apison's property tax bills reflect the local economic conditions and housing market. Understanding these elements helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Apison Tax Bill
$1,826
Average Hamilton County Tax Bill
$1,209
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Apison, Hamilton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37302 | $634 | $1,112 | $1,826 | $2,247 | $2,716 |
Source: Ownwell