Linden, Tennessee Property Taxes
The median property tax rate in Linden, TN is 0.47%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Linden, the typical annual property tax bill amounts to $333, which is well below the national median of $2,690. Property taxes in Linden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Linden'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 Linden 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
Linden, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$333
$309
Ownwell’s Linden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Linden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linden 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 Linden, Tennessee
Property taxes in Linden, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Linden is 0.47%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Linden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linden 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 Linden's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37096 zip code has both the highest and lowest median property tax rate of 0.47%. Understanding how these cities compare with Linden provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Linden Tax Rate
0.47%
Average Lewis County Tax Rate
0.47%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linden, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37096 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Linden, Tennessee
In Linden, 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 local appraisal authorities 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 Linden, 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 Linden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Linden is $333 in the 37096 zip code, which is also the location of the lowest median tax bill, highlighting a uniformity in local property tax assessments.
Average Linden Assessed Value
$70,800
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 Linden, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37096 | $28,560 | $44,400 | $70,800 | $264,500 | $380,720 |
Source: Ownwell
Property Tax Bills Across Linden, Tennessee
In Linden, Tennessee, 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 Linden is $70,800, and homeowners can expect varying tax bills depending on the assessed value and applicable tax rates. For instance, the 25th percentile tax bill is around $209, while the 75th percentile tax bill is approximately $1,246. Those at the 90th percentile might see tax bills as high as $1,793. The highest and lowest median tax bills in the area are both $333, indicating a relatively stable range for most homeowners. These tax bills contribute to community services such as schools, infrastructure, and emergency services, directly affecting the quality of life in Linden. Compared to the national median property tax rate of 0.99%, Linden's property taxes can be considered relatively manageable, offering a balance between affordability and the benefits received from local services.
Average Linden Tax Bill
$333
Average Lewis County Tax Bill
$476
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Linden, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37096 | $135 | $209 | $333 | $1,246 | $1,793 |
Source: Ownwell