Whiteville, Tennessee Property Taxes
The median property tax rate in Whiteville, TN is 0.69%, slightly higher than the Tennessee state median of 0.64% but lower than the national median of 0.99%. With the median home value in Whiteville at $90,800, the typical annual property tax bill is $653, which is significantly below the national median of $2,690. Property taxes in Whiteville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Whiteville's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Whiteville or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whiteville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$627
Ownwell's Whiteville Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes in Whiteville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Whiteville to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Whiteville, Tennessee
Property taxes in Whiteville, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whiteville is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Whiteville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whiteville 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 Whiteville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38075 zip code has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Whiteville 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 Whiteville Tax Rate
0.69%
Average Haywood County Tax Rate
1.06%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whiteville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38075 | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Whiteville, Tennessee
In Whiteville, 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 Haywood 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 Whiteville, 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 Whiteville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Whiteville is $653, with the zip code 38075 having both the highest and lowest median tax bills at $653.
Average Whiteville Assessed Value
$90,800
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 Whiteville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38075 | $36,520 | $57,725 | $90,800 | $149,500 | $206,060 |
Source: Ownwell
Property Tax Bills Across Whiteville, Tennessee
In Whiteville, located in Haywood County, TN, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Whiteville is $90,800. Property taxes are influenced by the local tax rate, which is applied to the assessed value to determine the tax bill. For instance, homeowners in Whiteville can expect their tax bills to range significantly, with the 25th percentile at $408 and the 75th percentile at $1049. The tax bill at the 90th percentile reaches up to $1433. These variations in tax bills are due to differences in property values and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Whiteville's tax rate may present a different financial impact on homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Whiteville Tax Bill
$653
Average Haywood County Tax Bill
$746
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Whiteville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38075 | $258 | $408 | $653 | $1,049 | $1,433 |
Source: Ownwell