Whiteville, Tennessee Property Taxes
The median property tax rate in Whiteville, TN is 0.99%, aligning with the national median but significantly higher than the Tennessee state median of 0.64%. With a median home value of $54,300 in Whiteville, the typical annual property tax bill amounts to $533, which is below the national median of $2,690. Property taxes in Whiteville are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Whiteville’s property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you're in the heart of Whiteville or another part of Hardeman County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whiteville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$538
$499
Ownwell’s Whiteville Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Whiteville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Whiteville to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, including neighborhood-level trends, you can find more localized information by scrolling down. Your property’s assessed value, determined by Hardeman County, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Whiteville, Tennessee
Property taxes in Whiteville, Tennessee, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Whiteville is 0.99%, aligning with the U.S. national median of 0.99%. Local government entities within Whiteville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whiteville 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 Whiteville's effective property tax rate to other areas in Tennessee and the national median. For comparison, the 38075 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these areas compare with Whiteville 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 Whiteville Tax Rate
0.99%
Average Hardeman County Tax Rate
0.89%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whiteville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38075 | 0.70% | 0.79% | 0.99% | 1.14% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Whiteville, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Whiteville, Tennessee. 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 Whiteville, 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 Whiteville is $54,300, with the 25th percentile tax bill at $340 and the 75th percentile tax bill at $807. The highest and lowest median tax bill, both at $533, are found in the 38075 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Whiteville Assessed Value
$54,300
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 Whiteville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38075 | $15,780 | $29,600 | $54,300 | $92,300 | $157,180 |
Source: Ownwell
Property Tax Bills Across Whiteville, Tennessee
In Whiteville, located in Hardeman County, TN, property tax bills are calculated based on the assessed value of the property, which is derived from the market value. The median home price in Whiteville is $54,300. Once the property’s market value is determined, it is then assessed at a percentage of that value to calculate the taxable amount. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. For instance, the tax bill at the 25th percentile is $340, while at the 75th percentile, it rises to $807, and at the 90th percentile, it reaches $1200. These figures highlight the variance in tax obligations depending on property values and specific circumstances. Homeowners in Whiteville may find their property tax bills impactful, especially compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their tax liabilities and manage their finances more effectively.
Average Whiteville Tax Bill
$533
Average Hardeman County Tax Bill
$587
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Whiteville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38075 | $218 | $340 | $533 | $807 | $1,200 |
Source: Ownwell