Lincoln County, Tennessee Property Taxes
The median property tax rate in Lincoln County is 0.53%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $117,700 in Lincoln County, the typical annual property tax bill reaches $686, well below the national median of $2,690. Property taxes in Lincoln 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 Lincoln 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 Fayetteville or another part of Lincoln County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lincoln County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$624
$579
Ownwell’s Lincoln County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lincoln County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lincoln 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 Lincoln County, Tennessee
Property taxes in Lincoln County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lincoln County is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Lincoln County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lincoln 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. The following data compares Lincoln County's effective property tax rate with other counties in Tennessee and the national median. For comparison, the city of Pulaski has one of the higher property tax rates in Tennessee at 0.53%, while the city of Frankewing boasts one of the lowest at 0.53%. Analyzing how Lincoln County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lincoln County Tax Rate
0.53%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lincoln County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ardmore | 0.53% | 0.53% | 0.53% | 0.53% | 0.57% |
| Cornersville | N/A | N/A | N/A | N/A | N/A |
| Dellrose | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
| Elora | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
| Fayetteville | 0.53% | 0.53% | 0.53% | 0.90% | 0.90% |
| Flintville | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
| Frankewing | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
| Huntland | N/A | N/A | N/A | N/A | N/A |
| Kelso | 0.52% | 0.53% | 0.53% | 0.53% | 0.53% |
| Mulberry | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
| Petersburg | 0.53% | 0.53% | 0.53% | 0.53% | 0.71% |
| Pulaski | N/A | N/A | N/A | N/A | N/A |
| Taft | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Lincoln County, Tennessee
In Lincoln County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Lincoln 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 Lincoln 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. Being aware of these valuation processes in Lincoln County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, the highest median tax bill in the county is $1,030 in Huntland, while the lowest is $511 in Cornersville. Understanding these variances can further aid in managing and potentially lowering your property tax expenses.
Property Tax Assessment Values Across Lincoln County, Tennessee
Source: Ownwell
$103,100
$119,825
$136,550
Average Lincoln County Assessed Value
$117,700
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lincoln County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ardmore | $49,120 | $92,000 | $136,500 | $221,300 | $335,920 |
| Cornersville | N/A | N/A | N/A | N/A | N/A |
| Dellrose | $40,150 | $75,950 | $114,800 | $195,500 | $286,300 |
| Elora | $42,200 | $73,850 | $114,600 | $167,225 | $261,010 |
| Fayetteville | $53,600 | $83,450 | $117,000 | $184,000 | $267,620 |
| Flintville | $38,900 | $70,700 | $111,800 | $168,400 | $245,940 |
| Frankewing | $50,480 | $82,975 | $131,300 | $211,350 | $315,360 |
| Huntland | N/A | N/A | N/A | N/A | N/A |
| Kelso | $31,400 | $53,100 | $103,100 | $165,000 | $249,900 |
| Mulberry | $44,960 | $70,450 | $125,000 | $199,950 | $313,190 |
| Petersburg | $42,160 | $68,925 | $108,550 | $185,975 | $282,570 |
| Pulaski | N/A | N/A | N/A | N/A | N/A |
| Taft | $47,230 | $82,050 | $136,550 | $215,125 | $311,910 |
Source: Ownwell
Property Tax Bills Across Lincoln County, Tennessee
In Lincoln County, TN, property tax bills are calculated based on the assessed value of a property, which is derived from its market value. The median home price in the county is $117,700, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property location and market conditions play a significant role in determining the assessed value. For instance, homeowners in Cornersville experience the lowest median tax bill at $511, while those in Huntland face the highest at $1,030. The tax bill can vary widely, with the 25th percentile at $473 and the 75th percentile at $1,060, indicating a significant range based on property values and assessments. Compared to the national median property tax rate of 0.99%, Lincoln County's rates are relatively moderate, providing some financial relief to homeowners. Understanding these factors can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Lincoln County Tax Bill
$686
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Lincoln County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ardmore | $258 | $492 | $736 | $1,169 | $1,774 |
| Cornersville | N/A | N/A | N/A | N/A | N/A |
| Dellrose | $202 | $396 | $603 | $1,027 | $1,504 |
| Elora | $225 | $391 | $602 | $875 | $1,361 |
| Fayetteville | $348 | $514 | $712 | $1,093 | $1,616 |
| Flintville | $203 | $371 | $593 | $890 | $1,294 |
| Frankewing | $265 | $436 | $690 | $1,110 | $1,658 |
| Huntland | N/A | N/A | N/A | N/A | N/A |
| Kelso | $165 | $281 | $542 | $873 | $1,326 |
| Mulberry | $230 | $370 | $657 | $1,050 | $1,646 |
| Petersburg | $241 | $399 | $595 | $993 | $1,498 |
| Pulaski | N/A | N/A | N/A | N/A | N/A |
| Taft | $248 | $431 | $718 | $1,129 | $1,641 |
Source: Ownwell
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