Pocahontas, Tennessee Property Taxes
The median property tax rate in Pocahontas, TN is 0.80%, 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 $63,400 in Pocahontas, the typical annual property tax bill is $512, well below the national median of $2,690. Property taxes in Pocahontas are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Pocahontas'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 Pocahontas or another part of Hardeman County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pocahontas, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Pocahontas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pocahontas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pocahontas 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 Pocahontas, Tennessee
Property taxes in Pocahontas, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pocahontas is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Pocahontas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pocahontas 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. Understanding how these cities compare with Pocahontas 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 Pocahontas Tax Rate
0.80%
Average Hardeman County Tax Rate
0.89%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pocahontas, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38061 | 0.69% | 0.73% | 0.80% | 0.94% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Pocahontas, Tennessee
In Pocahontas, 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 Pocahontas, 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 Pocahontas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Pocahontas is $512.00, both found in the 38061 zip code.
Average Pocahontas Assessed Value
$63,400
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 Pocahontas, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38061 | $19,200 | $33,600 | $63,400 | $103,500 | $162,700 |
Source: Ownwell
Property Tax Bills Across Pocahontas, Tennessee
In Pocahontas, located in Hardeman County, TN, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which in Pocahontas is around $63,400. Homeowners in this area can expect a range of tax bills based on their property's assessed value and the specific tax rate applied. For instance, the tax bills in Pocahontas vary significantly, with the 25th percentile at $313, the 75th percentile at $783, and the 90th percentile reaching $1,145. These figures highlight how property taxes can affect homeowners differently, depending on the value of their property. The highest median tax bill in the area is $512, found in the 38061 zip code, which is also the lowest median tax bill, indicating some consistency in this region. Compared to the national median property tax rate of 0.99%, Pocahontas homeowners may find their tax bills relatively manageable, though individual circumstances will vary.
Average Pocahontas Tax Bill
$512
Average Hardeman County Tax Bill
$587
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Pocahontas, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38061 | $215 | $313 | $512 | $783 | $1,145 |
Source: Ownwell