Lewis County, Tennessee Property Taxes
The median property tax rate in Lewis County is 0.47%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Lewis County, the typical annual property tax bill is $476, far below the national median of $2,690. Property taxes in Lewis County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Lewis 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 Hohenwald or another part of Lewis County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lewis County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$504
$468
Ownwell’s Lewis County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lewis County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lewis 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 Lewis County, Tennessee
Property taxes in Lewis County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lewis County is 0.47%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Lewis County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lewis 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 Lawrenceburg has one of the higher property tax rates in Tennessee at 0.47%, while the city of Mount Pleasant boasts one of the lowest at 0.47%. Analyzing how Lewis County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lewis County Tax Rate
0.47%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewis County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Hampshire | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
| Hohenwald | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
| Lawrenceburg | N/A | N/A | N/A | N/A | N/A |
| Linden | N/A | N/A | N/A | N/A | N/A |
| Mount Pleasant | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
| Summertown | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
| Waynesboro | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lewis County, Tennessee
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Lewis County, TN. 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 Lewis 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 Lewis 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, Lawrenceburg has the highest median tax bill at $1,078, while Linden has the lowest at $333. Being aware of these valuation processes in Lewis 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 Lewis County, Tennessee
Source: Ownwell
$104,300
$136,825
$169,350
Average Lewis County Assessed Value
$107,300
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lewis County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Hampshire | $52,320 | $103,800 | $169,350 | $243,050 | $337,470 |
| Hohenwald | $30,520 | $62,200 | $104,300 | $162,000 | $234,280 |
| Lawrenceburg | N/A | N/A | N/A | N/A | N/A |
| Linden | N/A | N/A | N/A | N/A | N/A |
| Mount Pleasant | $39,430 | $89,075 | $121,850 | $200,475 | $252,960 |
| Summertown | $24,280 | $48,700 | $106,600 | $176,675 | $269,060 |
| Waynesboro | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lewis County, Tennessee
In Lewis County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Homeowners in Lewis County experience a range of tax bills, with the 25th percentile at $239 and the 75th percentile at $764. The highest median tax bill in the county is found in Lawrenceburg at $1,078, while the lowest is in Linden at $333. Several factors influence these tax bills, including the market value of properties, local tax rates, and any applicable exemptions. For homeowners, these taxes fund essential public services such as schools, infrastructure, and emergency services. Comparing these figures to the national median property tax rate of 0.99%, Lewis County's property taxes can be considered relatively moderate, impacting homeowners by providing necessary community services while being mindful of their financial burden.
Average Lewis County Tax Bill
$476
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewis County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Hampshire | $145 | $409 | $762 | $1,106 | $1,541 |
| Hohenwald | $71 | $239 | $462 | $742 | $1,075 |
| Lawrenceburg | N/A | N/A | N/A | N/A | N/A |
| Linden | N/A | N/A | N/A | N/A | N/A |
| Mount Pleasant | $78 | $303 | $520 | $831 | $1,171 |
| Summertown | $98 | $201 | $483 | $811 | $1,249 |
| Waynesboro | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell