Stewart, Houston County, Tennessee Property Taxes
The median property tax rate in Stewart, TN is 0.70%, which is lower than the national median of 0.99% but slightly higher than the Tennessee state median of 0.64%. With a median home value of $69,500 in Stewart, the typical annual property tax bill amounts to $480, significantly below the national median of $2,690. Property taxes in Stewart are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Stewart'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 Stewart or another part of Houston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stewart, Houston County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$486
$451
Ownwell’s Stewart Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stewart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stewart to provide an estimate of 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 Stewart, Houston County, Tennessee
Property taxes in Stewart, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stewart is 0.70%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Stewart set these rates annually, and they can vary across different neighborhoods. Each year, Stewart 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 Stewart's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37175 zip code has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Stewart provides valuable insights into the varying tax landscape across Houston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stewart Tax Rate
0.70%
Average Houston County Tax Rate
0.70%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stewart, Houston County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37175 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Stewart, Houston County, Tennessee
In Stewart, 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 Houston 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 Stewart, 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 Stewart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Stewart is $69,500, with property tax bills ranging from $240 at the 25th percentile to $1,528 at the 90th percentile. The zip code 37175 has both the highest and lowest median tax bill, standing at $480.
Property Tax Assessment Values Across Stewart, Houston County, Tennessee
Source: Ownwell
$69,500
$119,775
$170,050
Average Stewart Assessed Value
$69,500
Average Houston County Assessed Value
$92,550
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stewart, Houston County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37175 | $20,240 | $34,550 | $69,500 | $137,700 | $223,360 |
Source: Ownwell
Property Tax Bills Across Stewart, Houston County, Tennessee
Property tax bills in Stewart, located in Houston County, TN, are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by the county assessor. Factors such as property size, location, and improvements can influence this assessed value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. In Stewart, the median home price is $69,500, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $240, while at the 75th percentile, it rises to $940. At the 90th percentile, homeowners might see a tax bill as high as $1,528. With the median tax bill in the 37175 zip code being $480, homeowners in Stewart can expect their property tax obligations to be influenced by both the assessed value of their property and the local tax rate, affecting their annual financial planning.
Average Stewart Tax Bill
$480
Average Houston County Tax Bill
$713
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Stewart, Houston County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37175 | $137 | $240 | $480 | $940 | $1,528 |
Source: Ownwell