Sale Creek, Hamilton County, Tennessee Property Taxes
The median property tax rate in Sale Creek, TN is 0.56%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Sale Creek at $148,300, the typical annual property tax bill reaches $801, well below the national median of $2,690. Property taxes in Sale Creek 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 Sale Creek'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 Sale Creek 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
Sale Creek, Hamilton County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$830
$771
Ownwell’s Sale Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sale Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sale Creek 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 Sale Creek, Hamilton County, Tennessee
Property taxes in Sale Creek, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sale Creek is 0.56%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Sale Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sale Creek 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 Sale Creek's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37373 zip code has the highest median property tax rate of 0.56%, while the 37373 zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Sale Creek 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 Sale Creek 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 Sale Creek, Hamilton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37373 | 0.50% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Sale Creek, Hamilton County, Tennessee
In Sale Creek, 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 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 Sale Creek, 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 Sale Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, Sale Creek's zip code 37373 has both the highest and lowest median tax bills, valued at $803.00.
Property Tax Assessment Values Across Sale Creek, Hamilton County, Tennessee
Source: Ownwell
$44,900
$299,425
$553,950
Average Sale Creek Assessed Value
$148,300
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 Sale Creek, Hamilton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37373 | $45,150 | $84,825 | $148,300 | $247,675 | $388,050 |
Source: Ownwell
Property Tax Bills Across Sale Creek, Hamilton County, Tennessee
In Sale Creek, Hamilton County, TN, property tax bills hinge on the assessed value of a home, which is determined by the Hamilton County Assessor's Office. The assessed value is a percentage of the home's market value. For homeowners, this means that an increase in property market value can lead to higher tax bills. The median home price in Sale Creek is $148,300, and property tax bills vary significantly. For instance, the 25th percentile tax bill is $464, while the 75th percentile reaches $1,298. At the 90th percentile, homeowners might see tax bills as high as $1,981. Compared to the national median property tax rate of 0.99%, Sale Creek offers relatively moderate property tax bills. The highest and lowest median tax bills in the area both stand at $803, indicating a stable tax environment within the 37373 zip code. These factors collectively influence homeowners' financial planning and the overall affordability of living in Sale Creek.
Average Sale Creek Tax Bill
$801
Average Hamilton County Tax Bill
$1,209
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Sale Creek, Hamilton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37373 | $248 | $465 | $803 | $1,301 | $1,982 |
Source: Ownwell