White Pine, Jefferson County, Tennessee Property Taxes
The median property tax rate in White Pine, TN is 0.55%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $115,150 in White Pine, the typical annual property tax bill amounts to $752, well below the national median of $2,690. Property taxes in White Pine are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding White Pine'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 White Pine or another part of Jefferson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
White Pine, Jefferson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$633
$588
Ownwell's White Pine Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in White Pine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Pine 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 White Pine, Jefferson County, Tennessee
Property taxes in White Pine, Tennessee, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in White Pine is 0.55%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within White Pine set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Pine 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 White Pine's effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 37890 has the highest and lowest median property tax rate of 0.55%. Understanding how these areas compare with White Pine provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average White Pine Tax Rate
0.55%
Average Jefferson County Tax Rate
0.55%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Pine, Jefferson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37890 | 0.55% | 0.55% | 0.55% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across White Pine, Jefferson County, Tennessee
In White Pine, 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 Jefferson 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. 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 White Pine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $752.00, found in zip code 37890.
Property Tax Assessment Values Across White Pine, Jefferson County, Tennessee
Source: Ownwell
$58,300
$108,625
$158,950
Average White Pine Assessed Value
$115,150
Average Jefferson County Assessed Value
$119,000
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across White Pine, Jefferson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37890 | $21,270 | $67,200 | $115,150 | $166,750 | $262,930 |
Source: Ownwell
Property Tax Bills Across White Pine, Jefferson County, Tennessee
In White Pine, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Jefferson County, where White Pine is located, can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $423, while the 75th percentile tax bill reaches up to $1,148. The 90th percentile tax bill can go as high as $1,720. Several factors influence these variations, including property size, location, and any applicable exemptions. The median home price in White Pine is $115,150, which directly impacts the assessed value and subsequently, the tax bill. Compared to the national median property tax rate of 0.99%, White Pine's property tax rates may appear more favorable, potentially making it an attractive location for homeowners. However, the financial impact on homeowners can vary widely depending on the specific characteristics of their property.
Average White Pine Tax Bill
$752
Average Jefferson County Tax Bill
$726
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across White Pine, Jefferson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37890 | $122 | $423 | $752 | $1,148 | $1,720 |
Source: Ownwell