Stantonville, Tennessee Property Taxes
The median property tax rate in Stantonville, TN is 0.76%, which is below the national median of 0.99% but higher than the Tennessee state median of 0.64%. With the median home value in Stantonville, the typical annual property tax bill reaches $1,394, significantly lower than the national median of $2,690. Property taxes in Stantonville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stantonville'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 Stantonville 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
Stantonville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,505
Ownwell’s Stantonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stantonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stantonville 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 Stantonville, Tennessee
Property taxes in Stantonville, Tennessee, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Stantonville is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Stantonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stantonville 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 Stantonville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38379 zip code has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Stantonville 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 Stantonville Tax Rate
0.76%
Average Hardin County Tax Rate
0.70%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stantonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38379 | 0.69% | 0.69% | 0.76% | 0.83% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Stantonville, Tennessee
In Stantonville, 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 Stantonville, 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 Stantonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 38379, both standing at $1,394.
Average Stantonville Assessed Value
$198,000
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 Stantonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38379 | $96,160 | $115,900 | $198,000 | $203,300 | $211,160 |
Source: Ownwell
Property Tax Bills Across Stantonville, Tennessee
Property tax bills in Stantonville, Hardin County, TN, are determined based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, with a median home price of $198,000, homeowners can expect varying tax bills. The 25th percentile tax bill is approximately $960, while the 75th percentile tax bill is around $1,483. At the 90th percentile, the tax bill reaches about $1,495. These figures indicate that Stantonville's property tax rates are relatively moderate compared to the national median property tax rate of 0.99%. High property taxes can significantly impact homeowners by increasing their annual expenses, while lower taxes can make homeownership more affordable. Understanding these factors helps homeowners better anticipate their financial obligations.
Average Stantonville Tax Bill
$1,394
Average Hardin County Tax Bill
$809
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Stantonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38379 | $870 | $960 | $1,394 | $1,483 | $1,495 |
Source: Ownwell