Brownsville, Tennessee Property Taxes
The median property tax rate in Brownsville, TN, is 1.18%, considerably higher than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Brownsville at $76,900, the typical annual property tax bill reaches $810, which is below the national median of $2,690. Property taxes in Brownsville 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 Brownsville'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 Brownsville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brownsville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$907
Ownwell’s Brownsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brownsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownsville 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 Brownsville, Tennessee
Property taxes in Brownsville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownsville is 1.18%, higher than the U.S. national median of 0.99%. Local government entities within Brownsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brownsville 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 Brownsville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38012 zip code has the highest median property tax rate of 1.18%, while the 38012 zip code has the lowest median tax rate of 1.18%. Understanding how these cities compare with Brownsville provides valuable insights into the varying tax landscape across Haywood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownsville Tax Rate
1.18%
Average Haywood County Tax Rate
1.06%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownsville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38012 | 0.69% | 0.69% | 1.18% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Brownsville, Tennessee
In Brownsville, 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 local 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 Brownsville, 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 Brownsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $810, found in the 38012 zip code.
Average Brownsville Assessed Value
$76,900
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 Brownsville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38012 | $35,700 | $53,500 | $76,900 | $123,400 | $208,180 |
Source: Ownwell
Property Tax Bills Across Brownsville, Tennessee
In Brownsville, located in Haywood 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 Brownsville stands at $76,900. Property taxes are then determined by applying the local tax rate to this assessed value. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For homeowners in Brownsville, property tax bills can vary significantly. The 25th percentile tax bill is approximately $538, while the 75th percentile tax bill reaches around $1,263. At the higher end, the 90th percentile tax bill can be as much as $1,904. The median tax bill in the area is $810, which is comparable across different zip codes within the county. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services. Homeowners need to understand how their tax bill is calculated to better manage their finances and possibly identify opportunities for tax appeals or exemptions.
Average Brownsville Tax Bill
$810
Average Haywood County Tax Bill
$746
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownsville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38012 | $336 | $538 | $810 | $1,263 | $1,904 |
Source: Ownwell