Haywood County, Tennessee Property Taxes
The median property tax rate in Haywood County is 1.06%, which is higher than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Haywood County at $76,350, the typical annual property tax bill reaches $746, which is well below the national median of $2,690. Property taxes in Haywood County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Haywood County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Brownsville or another part of Haywood County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Haywood County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$809
$751
Ownwell’s Haywood County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Haywood County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Haywood County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Haywood County, Tennessee
Property taxes in Haywood County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Haywood County is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within Haywood County set these rates annually, and they can vary significantly between different areas within the county. Each year, Haywood County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Haywood County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Brownsville has one of the higher property tax rates in Texas at 1.18%, while the city of Benton boasts one of the lowest at 0.69%. Analyzing how Haywood County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Haywood County Tax Rate
1.06%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haywood County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bells | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
| Benton | N/A | N/A | N/A | N/A | N/A |
| Brownsville | 0.69% | 0.69% | 1.18% | 1.18% | 1.18% |
| Gates | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
| Jackson | N/A | N/A | N/A | N/A | N/A |
| Ripley | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
| Somerville | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
| Stanton | 0.69% | 0.69% | 0.69% | 0.69% | 1.06% |
| Whiteville | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Haywood County, Tennessee
In Haywood County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Haywood County Appraisal District. The assessed value, however, 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. Assessment notices in Haywood County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, in Haywood County, the highest median tax bill is $810 in Brownsville, while the lowest is $176 in Benton. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Haywood County, Tennessee
Source: Ownwell
$67,400
$85,725
$104,050
Average Haywood County Assessed Value
$76,350
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Haywood County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bells | $37,600 | $55,800 | $88,000 | $144,500 | $268,600 |
| Benton | N/A | N/A | N/A | N/A | N/A |
| Brownsville | $35,700 | $53,500 | $76,900 | $123,400 | $208,180 |
| Gates | $37,510 | $53,150 | $81,250 | $135,675 | $208,620 |
| Jackson | N/A | N/A | N/A | N/A | N/A |
| Ripley | $24,500 | $48,650 | $71,550 | $121,225 | $191,080 |
| Somerville | $56,120 | $74,950 | $104,050 | $131,175 | $357,260 |
| Stanton | $28,680 | $44,625 | $67,400 | $116,975 | $198,510 |
| Whiteville | $36,520 | $57,725 | $90,800 | $149,500 | $206,060 |
Source: Ownwell
Property Tax Bills Across Haywood County, Tennessee
In Haywood County, TN, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Various factors, such as the property's location, size, and condition, influence this market value. Once the assessed value is established, the local tax rate is applied to compute the property tax bill. For homeowners in Haywood County, the property tax burden can vary significantly. The median home price in the county is $76,350, and property tax bills range widely. For instance, the 25th percentile tax bill is $470, while the 75th percentile tax bill is $1,197. At the 90th percentile, homeowners might pay as much as $1,823. The city of Brownsville has the highest median tax bill at $810, whereas Benton has the lowest at $176. These variations highlight the impact of property assessments and local tax rates on homeowners' financial responsibilities.
Average Haywood County Tax Bill
$746
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Haywood County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bells | $259 | $384 | $608 | $1,005 | $1,960 |
| Benton | N/A | N/A | N/A | N/A | N/A |
| Brownsville | $336 | $538 | $810 | $1,263 | $1,904 |
| Gates | $261 | $375 | $573 | $956 | $1,438 |
| Jackson | N/A | N/A | N/A | N/A | N/A |
| Ripley | $173 | $346 | $493 | $833 | $1,318 |
| Somerville | $378 | $502 | $708 | $895 | $2,615 |
| Stanton | $205 | $324 | $510 | $853 | $1,456 |
| Whiteville | $258 | $408 | $653 | $1,049 | $1,433 |
Source: Ownwell