Henderson, Hardeman County, Tennessee Property Taxes
The median property tax rate in Henderson, TN is 0.79%, which is lower than the national median of 0.99% but higher than the Tennessee state median of 0.64%. With a median home value of $66,600 in Henderson, the typical annual property tax bill is approximately $527, significantly below the national median of $2,690. Property taxes in Henderson 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. By understanding Henderson's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Henderson or another part of Hardeman County, a thorough understanding of the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Henderson, Hardeman County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$526
$488
Ownwell’s Henderson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henderson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henderson 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 Henderson, Hardeman County, Tennessee
Property taxes in Henderson, Tennessee, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Henderson is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Henderson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henderson 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 Henderson's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38340 zip code has the highest median property tax rate of 0.79%, while the same 38340 zip code also has the lowest median tax rate of 0.79%. Understanding how these areas compare with Henderson provides valuable insights into the varying tax landscape across Hardeman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Henderson Tax Rate
0.79%
Average Hardeman County Tax Rate
0.89%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henderson, Hardeman County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38340 | 0.68% | 0.74% | 0.79% | 0.91% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Henderson, Hardeman County, Tennessee
In HENDERSON, 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 Hardeman 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 HENDERSON, 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. For example, the median home price in HENDERSON is $66,600, with tax bills ranging from $360 at the 25th percentile to $1,143 at the 90th percentile. The highest median tax bill of $527 is found in the 38340 zip code. 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 HENDERSON helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Henderson, Hardeman County, Tennessee
Source: Ownwell
$53,900
$64,950
$76,000
Average Henderson Assessed Value
$66,600
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 Henderson, Hardeman County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38340 | $19,500 | $39,400 | $66,600 | $97,600 | $157,840 |
Source: Ownwell
Property Tax Bills Across Henderson, Hardeman County, Tennessee
In Henderson, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Henderson is $66,600. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Various factors, such as property size, location, and improvements, influence the assessed value. For homeowners in Henderson, the property tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $360, while at the 75th percentile, it rises to $730. At the 90th percentile, homeowners might see a tax bill as high as $1,143. These variations can impact household budgets, making it essential for homeowners to understand how their property is assessed and what exemptions or appeals might be available to them. Compared to the national median property tax rate of 0.99%, Henderson's property tax rates provide a unique landscape for homeowners to navigate.
Average Henderson Tax Bill
$527
Average Hardeman County Tax Bill
$587
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Henderson, Hardeman County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38340 | $229 | $360 | $527 | $730 | $1,143 |
Source: Ownwell