Fayetteville, Lincoln County, Tennessee Property Taxes

Name: Property Tax Bills Across Fayetteville, Lincoln County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fayetteville, TN effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Fayetteville, TN home value: $117,000
Median annual Fayetteville, TN tax bill: $712, $1,688 lower than the national median property tax bill of $2,400.

How are property taxes in Lincoln County calculated?

Property taxes in Fayetteville, TN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Fayetteville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fayetteville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fayetteville, Lincoln County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.53%

Estimate Property Tax Bill

$620

$575

Ownwell’s Fayetteville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fayetteville with just two data points. By entering your property's estimated assessed value, our calculator applies Fayetteville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lincoln County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fayetteville, Lincoln County, Tennessee

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget annually to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Fayetteville, located in Lincoln County, Tennessee, the effective property tax rate stands at 0.53%, which is significantly lower than the national median property tax rate of 1.02%. The median property tax rate in Tennessee aligns with Fayetteville's rate, highlighting the state's relatively low property tax burden compared to the national average. This lower rate can be an attractive factor for property owners seeking to manage their expenses effectively.

When comparing Fayetteville's property tax rate to other cities in Tennessee, it is evident that the city offers a favorable environment for property owners. Understanding these rates can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Fayetteville, Lincoln County, Tennessee

Source: Ownwell

0.53%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Fayetteville Tax Rate

0.53%

Median Effective Lincoln County Tax Rate

0.53%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fayetteville, Lincoln County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37334	0.53%	0.53%	0.53%	0.90%	0.90%

Source: Ownwell

Property Tax Assessment Values Across Fayetteville, Lincoln County, Tennessee

When examining property taxes in Fayetteville, TN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lincoln County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Lincoln County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fayetteville.

For example, the median home price in Fayetteville is $117,000, with tax bills ranging significantly across the county. Zip code 37334 has the highest median home price at $117,000.

Property Tax Assessment Values Across Fayetteville, Lincoln County, Tennessee

Source: Ownwell

$103,100

$119,825

$136,550

Median Fayetteville Market Value

$117,000

Median Lincoln County Market Value

$117,700

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fayetteville, Lincoln County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37334	$53,600	$83,450	$117,000	$184,000	$267,620

Source: Ownwell

Property Tax Bills Across Fayetteville, Lincoln County, Tennessee

In Fayetteville, 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. With a median home price of $117,000 in Lincoln County, homeowners face varying tax bills. For instance, the 25th percentile tax bill is $514, while the 75th percentile reaches $1,093. The 90th percentile tax bill can be as high as $1,616, reflecting differences in property values and tax rates. Compared to the national median property tax bill of $2,400, Fayetteville's taxes are relatively moderate. However, they still represent a significant expense for homeowners. Ownwell assists by offering property tax appeal services, potentially lowering these bills. By analyzing individual property assessments and identifying discrepancies, Ownwell can help homeowners reduce their tax burdens, ensuring they only pay their fair share. This service can result in substantial savings, providing financial relief to homeowners.

Property Tax Bills Across Fayetteville, Lincoln County, Tennessee

Source: Ownwell

$542

$639

$736

Median Fayetteville Tax Bill

$712

Median Lincoln County Tax Bill

$686

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Fayetteville, Lincoln County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37334	$348	$514	$712	$1,093	$1,616

Source: Ownwell