Henderson County, Tennessee Property Taxes
The median property tax rate in Henderson County is 0.59%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $78,000 in Henderson County, the typical annual property tax bill amounts to $514, significantly below the national median of $2,690. Property taxes in Henderson County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Henderson 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 Lexington or another part of Henderson County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Henderson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$460
$427
Ownwell’s Henderson County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Henderson County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Henderson County to estimate your property tax bill. This insightful tool 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's 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 Henderson County, Tennessee
Property taxes in Henderson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Henderson County is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Henderson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Henderson 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 Henderson County's effective property tax rate with other counties in Tennessee and the national median. For comparison, the city of Scotts Hill has a property tax rate of 0.59%, while the city of Parsons also boasts a rate of 0.59%. Analyzing how Henderson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Henderson County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henderson County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beech Bluff | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Cedar Grove | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Darden | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Decaturville | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Holladay | N/A | N/A | N/A | N/A | N/A |
| Huron | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Jackson | N/A | N/A | N/A | N/A | N/A |
| Lexington | 0.59% | 0.59% | 0.59% | 0.85% | 0.85% |
| Luray | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Parsons | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Reagan | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Saltillo | 0.59% | 0.59% | 0.59% | 0.72% | 0.72% |
| Sardis | 0.59% | 0.59% | 0.59% | 0.72% | 0.72% |
| Scotts Hill | 0.59% | 0.59% | 0.59% | 0.72% | 0.72% |
| Wildersville | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Yuma | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Henderson County, Tennessee
In Henderson 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 Henderson 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 Henderson 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, Holladay has the highest median tax bill at $840, while Cedar Grove has the lowest at $339. Being aware of these valuation processes in Henderson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Henderson County, Tennessee
Source: Ownwell
$57,250
$85,175
$113,100
Average Henderson County Assessed Value
$78,000
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Henderson County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beech Bluff | $23,120 | $41,600 | $89,800 | $134,900 | $201,220 |
| Cedar Grove | $17,000 | $31,350 | $57,250 | $115,900 | $201,520 |
| Darden | $15,760 | $34,675 | $71,300 | $130,600 | $203,630 |
| Decaturville | $20,000 | $34,275 | $88,300 | $143,625 | $256,400 |
| Holladay | N/A | N/A | N/A | N/A | N/A |
| Huron | $19,650 | $40,725 | $79,250 | $129,900 | $200,900 |
| Jackson | N/A | N/A | N/A | N/A | N/A |
| Lexington | $15,300 | $42,400 | $81,300 | $136,100 | $218,540 |
| Luray | $18,500 | $42,300 | $80,600 | $127,050 | $237,740 |
| Parsons | $28,580 | $60,350 | $108,150 | $185,875 | $214,720 |
| Reagan | $17,830 | $35,725 | $65,250 | $115,475 | $185,120 |
| Saltillo | $27,640 | $39,700 | $66,700 | $143,100 | $224,420 |
| Sardis | $19,200 | $33,850 | $58,500 | $100,150 | $163,000 |
| Scotts Hill | $22,440 | $41,725 | $75,950 | $121,200 | $184,010 |
| Wildersville | $17,700 | $36,800 | $76,400 | $132,600 | $190,220 |
| Yuma | $30,000 | $60,500 | $113,100 | $147,900 | $238,000 |
Source: Ownwell
Property Tax Bills Across Henderson County, Tennessee
In Henderson County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessment ratio in Tennessee is typically 25% for residential properties. Once the assessed value is determined, it is multiplied by the local tax rate to calculate the annual tax bill. Factors such as the property's location and market conditions can influence its assessed value. For example, in Henderson County, the median home price is $78,000. Homeowners in the 25th percentile might see tax bills around $253, while those in the 75th percentile could face bills closer to $871. At the 90th percentile, tax bills can reach up to $1,412. Comparatively, the highest median tax bill in the county is found in Holladay at $840, while Cedar Grove has the lowest at $339. Understanding these variations helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are prepared for their annual property tax commitments.
Average Henderson County Tax Bill
$514
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Henderson County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beech Bluff | $137 | $247 | $533 | $799 | $1,218 |
| Cedar Grove | $101 | $186 | $339 | $686 | $1,194 |
| Darden | $94 | $205 | $422 | $774 | $1,207 |
| Decaturville | $118 | $203 | $524 | $851 | $1,520 |
| Holladay | N/A | N/A | N/A | N/A | N/A |
| Huron | $116 | $241 | $470 | $770 | $1,192 |
| Jackson | N/A | N/A | N/A | N/A | N/A |
| Lexington | $108 | $283 | $570 | $952 | $1,560 |
| Luray | $110 | $252 | $477 | $753 | $1,410 |
| Parsons | $169 | $357 | $640 | $1,101 | $1,272 |
| Reagan | $100 | $210 | $385 | $685 | $1,097 |
| Saltillo | $190 | $275 | $420 | $848 | $1,330 |
| Sardis | $120 | $221 | $383 | $636 | $1,053 |
| Scotts Hill | $157 | $274 | $474 | $802 | $1,196 |
| Wildersville | $103 | $214 | $448 | $792 | $1,133 |
| Yuma | $178 | $359 | $671 | $876 | $1,410 |
Source: Ownwell