Butler, Tennessee Property Taxes
The median property tax rate in Butler, TN is 0.45%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $106,600 in Butler, the typical annual property tax bill amounts to $482, which is well below the national median of $2,690. Property taxes in Butler are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Butler'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 Butler or another part of Johnson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Butler, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$480
$445
Ownwell’s Butler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Butler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Butler 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 Butler, Tennessee
Property taxes in Butler, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Butler is 0.45%, significantly lower than the U.S. national median of 0.99%. Local government entities within Butler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Butler 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 Butler's effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 37640 has both the highest and lowest median property tax rate of 0.45%. Understanding how these areas compare with Butler provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Butler Tax Rate
0.45%
Average Johnson County Tax Rate
0.45%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Butler, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37640 | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Butler, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Butler, Tennessee. 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 Johnson 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 Butler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Butler, the median home price is $106,600, with annual tax bills ranging from $276 at the 25th percentile to $1,516 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 37640, standing at $482.
Average Butler Assessed Value
$106,600
Average Johnson County Assessed Value
$99,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Butler, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37640 | $31,280 | $60,900 | $106,600 | $187,150 | $332,800 |
Source: Ownwell
Property Tax Bills Across Butler, Tennessee
In Butler, Johnson County, TN, property tax bills are calculated based on the assessed value of homes. The assessed value is determined by the county assessor, who evaluates the market value of the property and applies an assessment ratio to derive the taxable value. For homeowners in Butler, the median home price stands at $106,600. Property tax rates are then applied to this assessed value to determine the annual tax bill. In Butler, the tax bill varies significantly depending on the assessed value and specific property characteristics. Homeowners in the 25th percentile pay around $276 annually, while those in the 75th percentile face tax bills of approximately $848. At the 90th percentile, the tax bill can reach up to $1,516. Comparing these figures to the national median property tax rate of 0.99%, Butler's tax rates can be considered relatively moderate. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Butler Tax Bill
$482
Average Johnson County Tax Bill
$480
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Butler, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37640 | $141 | $276 | $482 | $848 | $1,516 |
Source: Ownwell