Sardis, Tennessee Property Taxes
The median property tax rate in Sardis, TN is 0.70%, 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 $62,200 in Sardis, the typical annual property tax bill amounts to $567, well below the national median of $2,690. Property taxes in Sardis 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 Sardis'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 Sardis 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
Sardis, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$435
$404
Ownwell’s Sardis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sardis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sardis 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 Sardis, Tennessee
Property taxes in Sardis, Tennessee, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Sardis is 0.70%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Sardis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sardis 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 Sardis's effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 38371 has both the highest and lowest median property tax rate of 0.70%. Understanding how these areas compare with Sardis 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 Sardis Tax Rate
0.70%
Average Hardin County Tax Rate
0.70%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sardis, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38371 | 0.57% | 0.65% | 0.70% | 0.77% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Sardis, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sardis, Tennessee. The market value represents 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 Sardis, 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 Sardis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both occur in zip code 38371, with a median tax bill of $567.
Average Sardis Assessed Value
$62,200
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 Sardis, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38371 | $18,210 | $35,275 | $62,200 | $134,425 | $195,360 |
Source: Ownwell
Property Tax Bills Across Sardis, Tennessee
In Sardis, located in Hardin County, 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 Sardis is $62,200. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $308 and the 75th percentile tax bill at $972. At the higher end, the 90th percentile tax bill reaches $1,446. These amounts are influenced by the local tax rate and the assessed value of the property. Compared to the national median property tax rate of 0.99%, Sardis offers a relatively affordable tax environment for homeowners. The highest and lowest median tax bills in the area are both $567, indicating a consistent tax rate across different properties. These factors collectively impact homeowners by determining their annual financial obligations, making Sardis an appealing location for those seeking lower property taxes.
Average Sardis Tax Bill
$567
Average Hardin County Tax Bill
$809
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Sardis, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38371 | $213 | $308 | $567 | $972 | $1,446 |
Source: Ownwell