Humphreys County, Tennessee Property Taxes
The median property tax rate in Humphreys County is 0.74%, which is higher than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $111,300 in Humphreys County, the typical annual property tax bill is $930, which is below the national median of $2,690. Property taxes in Humphreys County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Humphreys 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 Waverly or another part of Humphreys County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Humphreys County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$824
$764
Ownwell’s Humphreys County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Humphreys County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Humphreys County to estimate your property tax bill. This insight 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 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 Humphreys County, Tennessee
Property taxes in Humphreys County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Humphreys County is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Humphreys County set these rates annually, and they can vary significantly between different areas within the county. Each year, Humphreys 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. For comparison, the city of New Johnsonville has one of the higher property tax rates in the region at 0.85%, while the city of Dickson boasts one of the lowest at 0.64%. Analyzing how Humphreys County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Humphreys County Tax Rate
0.74%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Humphreys County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dickson | N/A | N/A | N/A | N/A | N/A |
| Hurricane Mills | 0.45% | 0.55% | 0.65% | 0.74% | 0.85% |
| Lobelville | N/A | N/A | N/A | N/A | N/A |
| Mc Ewen | 0.53% | 0.63% | 0.72% | 0.82% | 0.91% |
| New Johnsonville | 0.59% | 0.66% | 0.85% | 0.90% | 0.94% |
| Waverly | 0.54% | 0.63% | 0.76% | 1.12% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Humphreys County, Tennessee
In Humphreys 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 Humphreys 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 Humphreys 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, Dickson has the highest median tax bill at $1,504, while New Johnsonville has the lowest at $899. Awareness of these valuation processes in Humphreys 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 Humphreys County, Tennessee
Source: Ownwell
$105,000
$116,550
$128,100
Average Humphreys County Assessed Value
$111,300
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Humphreys County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dickson | N/A | N/A | N/A | N/A | N/A |
| Hurricane Mills | $28,120 | $62,150 | $128,100 | $245,600 | $458,880 |
| Lobelville | N/A | N/A | N/A | N/A | N/A |
| Mc Ewen | $35,200 | $67,300 | $119,250 | $191,025 | $303,870 |
| New Johnsonville | $44,400 | $75,550 | $108,350 | $174,050 | $242,300 |
| Waverly | $32,190 | $58,400 | $105,000 | $174,125 | $280,520 |
Source: Ownwell
Property Tax Bills Across Humphreys County, Tennessee
In Humphreys 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 the county is $111,300. Property tax rates are applied to this assessed value to determine the final tax bill. Various factors, such as property location and local government budgets, influence these rates. For example, the tax bill at the 25th percentile is $488, while at the 75th percentile, it rises to $1467. Homeowners in the 90th percentile can expect to pay around $2151. Notably, the highest median tax bill in the county is $1504 in Dickson, whereas New Johnsonville has the lowest at $899. These property taxes fund essential public services, including schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Humphreys County offers a relatively lower tax burden, making it an attractive option for homeowners seeking affordability.
Average Humphreys County Tax Bill
$930
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Humphreys County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dickson | N/A | N/A | N/A | N/A | N/A |
| Hurricane Mills | $142 | $340 | $935 | $1,551 | $2,956 |
| Lobelville | N/A | N/A | N/A | N/A | N/A |
| Mc Ewen | $210 | $478 | $915 | $1,386 | $2,077 |
| New Johnsonville | $322 | $590 | $899 | $1,360 | $1,965 |
| Waverly | $208 | $468 | $967 | $1,569 | $2,253 |
Source: Ownwell