Pleasant Shade, Tennessee Property Taxes
The median property tax rate in Pleasant Shade, TN is 0.56%, significantly lower than both the national median of 0.99% and Tennessee's state median of 0.64%. With the median home value in Pleasant Shade at $116,400, the typical annual property tax bill amounts to $634, well below the national median of $2,690. Property taxes in Pleasant Shade are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pleasant Shade's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pleasant Shade or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pleasant Shade, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Pleasant Shade Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Pleasant Shade with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Pleasant Shade to project your property tax bill. This valuable tool provides clarity on potential tax obligations. 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 purposes, taking into account any applicable exemptions.
Property Tax Rates Across Pleasant Shade, Tennessee
Property taxes in Pleasant Shade, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Shade is 0.56%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Pleasant Shade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant Shade 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 Pleasant Shade's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37145 zip code has the highest median property tax rate of 0.56%, while the 37145 zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Pleasant Shade provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasant Shade Tax Rate
0.56%
Average Jackson County Tax Rate
0.56%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Shade, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37145 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Shade, Tennessee
In Pleasant Shade, 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 Jackson 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 Pleasant Shade, 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 Pleasant Shade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $634.00 in the 37145 zip code, which is also the lowest median tax bill.
Property Tax Assessment Values Across Pleasant Shade, Tennessee
Source: Ownwell
$57,700
$134,900
$212,100
Average Pleasant Shade Assessed Value
$116,400
Average Jackson County Assessed Value
$100,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pleasant Shade, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37145 | $41,670 | $71,575 | $116,400 | $166,400 | $211,210 |
Source: Ownwell
Property Tax Bills Across Pleasant Shade, Tennessee
In Pleasant Shade, located in Jackson County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the market value of the property. For instance, with a median home price of $116,400, homeowners can expect their tax bill to be influenced by this valuation. The tax rate in Pleasant Shade is applied to the assessed value to determine the annual tax bill. Factors such as property improvements, local tax rates, and exemptions play a crucial role in this calculation. For example, the tax bill at the 25th percentile is $387, while at the 75th percentile, it reaches $936. At the 90th percentile, the tax bill can go up to $1,188. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Pleasant Shade’s property taxes are relatively moderate, providing a balanced approach to funding community needs without overly burdening homeowners.
Average Pleasant Shade Tax Bill
$634
Average Jackson County Tax Bill
$548
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Shade, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37145 | $198 | $387 | $634 | $936 | $1,188 |
Source: Ownwell