Sardis, Tennessee Property Taxes
The median property tax rate in Sardis, TN is 0.59%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $58,500 in Sardis, the typical annual property tax bill amounts to $383, which is well below the national median of $2,690. Property taxes in Sardis are calculated based on the assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Sardis's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sardis or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sardis, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$345
$320
Ownwell’s Sardis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sardis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sardis 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 Sardis, Tennessee
Property taxes in Sardis, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sardis is 0.59%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Sardis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sardis 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 Sardis's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 38371 has both the highest and lowest median property tax rate of 0.59%. Understanding how these cities compare with Sardis provides valuable insights into the varying tax landscape across Henderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sardis Tax Rate
0.59%
Average Henderson County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sardis, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38371 | 0.59% | 0.59% | 0.59% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Sardis, Tennessee
In Sardis, 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 Henderson 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 Sardis, 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 Sardis 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 38371, both valued at $383.00.
Average Sardis Assessed Value
$58,500
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 Sardis, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38371 | $19,200 | $33,850 | $58,500 | $100,150 | $163,000 |
Source: Ownwell
Property Tax Bills Across Sardis, Tennessee
In Sardis, TN, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Homeowners in Sardis can expect their property tax bills to vary significantly, with the 25th percentile paying around $221 and the 75th percentile paying up to $636 annually. The highest median tax bill in the area is $383, which is relatively low compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including property location, size, and improvements. These taxes fund essential public services like schools, roads, and emergency services, directly impacting the quality of life in the community. For homeowners, understanding these factors and how they affect their tax bill is crucial for financial planning and anticipating annual expenses. The relatively low property taxes in Sardis can be an attractive aspect for potential homebuyers considering relocation.
Average Sardis Tax Bill
$383
Average Henderson County Tax Bill
$514
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Sardis, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38371 | $120 | $221 | $383 | $636 | $1,053 |
Source: Ownwell