Adamsville, Tennessee Property Taxes
The median property tax rate in Adamsville, TN is 0.65%, slightly higher than the Tennessee state median of 0.64% but lower than the national median of 0.99%. With a median home value of $98,200, the typical annual property tax bill in Adamsville is approximately $795, which is significantly below the national median of $2,690. Property taxes in Adamsville are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Adamsville'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 Adamsville or another part of Hardin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adamsville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$638
$592
Ownwell’s Adamsville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Adamsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adamsville to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Hardin County, is crucial for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Adamsville, Tennessee
Property taxes in Adamsville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adamsville is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Adamsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adamsville 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 Adamsville's effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 38310 has the same median property tax rate of 0.65%. Understanding how these cities compare with Adamsville provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adamsville Tax Rate
0.65%
Average Hardin County Tax Rate
0.70%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adamsville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38310 | 0.56% | 0.60% | 0.65% | 0.73% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Adamsville, Tennessee
In Adamsville, 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 Hardin 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 Adamsville, 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 Adamsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Adamsville are both $795, occurring in the zip code 38310.
Average Adamsville Assessed Value
$98,200
Average Hardin County Assessed Value
$89,300
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adamsville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38310 | $24,440 | $50,600 | $98,200 | $173,400 | $258,000 |
Source: Ownwell
Property Tax Bills Across Adamsville, Tennessee
Property tax bills in Adamsville, located in Hardin County, TN, are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and is typically a percentage of the property's market value. For homeowners in Adamsville, the median home price is $98,200. This figure is used as a baseline to determine the assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Adamsville, the tax bills vary significantly, with the 25th percentile at $495, the 75th percentile at $1,290, and the 90th percentile reaching up to $1,880. These variations depend on factors such as property size, location, and any applicable exemptions. Homeowners in Adamsville experience property tax rates that can be compared to the national median property tax rate of 0.99%. The highest and lowest median tax bills in the region both stand at $795, highlighting a degree of uniformity within specific areas. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Adamsville Tax Bill
$795
Average Hardin County Tax Bill
$809
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Adamsville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38310 | $230 | $495 | $795 | $1,290 | $1,880 |
Source: Ownwell