Hardeman County, Tennessee Property Taxes
The median property tax rate in Hardeman County is 0.89%, 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 $64,600 in Hardeman County, the typical annual property tax bill is around $587, significantly less than the national median of $2,690. Property taxes in Hardeman County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Hardeman County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Bolivar or another part of Hardeman County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hardeman County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$575
$534
Ownwell’s Hardeman County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hardeman County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hardeman County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Hardeman County, Tennessee
Property taxes in Hardeman County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hardeman County is 0.89%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Hardeman County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hardeman County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Bolivar has one of the higher property tax rates in Tennessee at 1.02%, while the city of Saulsbury boasts one of the lowest at 0.77%. Analyzing how Hardeman County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hardeman County Tax Rate
0.89%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hardeman County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bolivar | 0.71% | 0.80% | 1.02% | 1.12% | 1.31% |
| Grand Junction | 0.71% | 0.79% | 0.91% | 1.06% | 1.38% |
| Henderson | 0.68% | 0.74% | 0.79% | 0.91% | 1.17% |
| Hickory Valley | 0.67% | 0.70% | 0.79% | 0.92% | 1.18% |
| Hornsby | 0.70% | 0.76% | 0.86% | 1.03% | 1.26% |
| Medon | 0.69% | 0.73% | 0.83% | 1.05% | 1.60% |
| Mercer | 0.67% | 0.75% | 0.78% | 0.85% | 1.04% |
| Middleton | 0.69% | 0.73% | 0.80% | 0.98% | 1.21% |
| Pocahontas | 0.69% | 0.73% | 0.80% | 0.94% | 1.20% |
| Saulsbury | 0.68% | 0.71% | 0.77% | 0.92% | 1.30% |
| Toone | 0.68% | 0.73% | 0.83% | 0.99% | 1.27% |
| Whiteville | 0.70% | 0.79% | 0.99% | 1.14% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Hardeman County, Tennessee
In Hardeman County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hardeman County Appraisal District. The assessed value, however, 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. Assessment notices in Hardeman County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Hardeman County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Bolivar has the highest median tax bill at $632, while Grand Junction has the lowest at $480.
Property Tax Assessment Values Across Hardeman County, Tennessee
Source: Ownwell
$53,900
$64,950
$76,000
Average Hardeman County Assessed Value
$64,600
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hardeman County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bolivar | $24,520 | $42,750 | $64,200 | $102,400 | $168,780 |
| Grand Junction | $15,400 | $30,000 | $53,900 | $80,600 | $131,700 |
| Henderson | $19,500 | $39,400 | $66,600 | $97,600 | $157,840 |
| Hickory Valley | $19,160 | $41,200 | $70,200 | $150,950 | $264,260 |
| Hornsby | $18,040 | $33,900 | $59,000 | $104,200 | $177,200 |
| Medon | $13,190 | $26,650 | $58,700 | $107,950 | $178,940 |
| Mercer | $24,490 | $43,025 | $69,900 | $89,900 | $222,210 |
| Middleton | $21,980 | $44,300 | $76,000 | $118,200 | $189,800 |
| Pocahontas | $19,200 | $33,600 | $63,400 | $103,500 | $162,700 |
| Saulsbury | $14,000 | $32,300 | $74,900 | $129,300 | $184,500 |
| Toone | $18,840 | $38,950 | $63,900 | $116,150 | $203,080 |
| Whiteville | $15,780 | $29,600 | $54,300 | $92,300 | $157,180 |
Source: Ownwell
Property Tax Bills Across Hardeman County, Tennessee
In Hardeman County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate, set by local authorities, is then applied to this assessed value to determine the total tax bill. Factors such as local government budgets, school funding, and public services influence this rate. For instance, a home with a median market price of $64,600 can expect a tax bill ranging from $381 at the 25th percentile to $1,328 at the 90th percentile. Homeowners in Hardeman County feel the impact of these taxes differently depending on their property values. For example, Bolivar has the highest median tax bill at $632, while Grand Junction has the lowest at $480. Compared to the national median property tax rate of 0.99%, these figures suggest that Hardeman County's property taxes can vary significantly, influencing homeowners' annual financial planning and overall cost of living.
Average Hardeman County Tax Bill
$587
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Hardeman County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bolivar | $284 | $432 | $632 | $939 | $1,366 |
| Grand Junction | $214 | $304 | $480 | $698 | $1,021 |
| Henderson | $229 | $360 | $527 | $730 | $1,143 |
| Hickory Valley | $217 | $373 | $589 | $1,062 | $1,821 |
| Hornsby | $223 | $347 | $500 | $825 | $1,264 |
| Medon | $193 | $293 | $490 | $799 | $1,256 |
| Mercer | $239 | $382 | $554 | $681 | $1,632 |
| Middleton | $266 | $413 | $626 | $924 | $1,358 |
| Pocahontas | $215 | $313 | $512 | $783 | $1,145 |
| Saulsbury | $188 | $318 | $584 | $932 | $1,284 |
| Toone | $232 | $360 | $550 | $858 | $1,487 |
| Whiteville | $218 | $340 | $533 | $807 | $1,200 |
Source: Ownwell