Flintville, Lincoln County, Tennessee Property Taxes
The median property tax rate in Flintville, TN is 0.53%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Flintville at $111,800, the typical annual property tax bill reaches $593, well below the national median of $2,690. Property taxes in Flintville 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 Flintville'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 Flintville or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Flintville, Lincoln County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$593
$550
Ownwell’s Flintville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flintville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flintville 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 Lincoln County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Flintville, Lincoln County, Tennessee
Property taxes in Flintville, Tennessee, play a crucial role in supporting essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flintville is 0.53%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Flintville set these rates annually, and they can vary across different neighborhoods. Each year, Flintville 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 Flintville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37335 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Flintville provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flintville Tax Rate
0.53%
Average Lincoln County Tax Rate
0.53%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flintville, Lincoln County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37335 | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Flintville, Lincoln County, Tennessee
In Flintville, 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 the Lincoln County Assessor 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 Flintville, 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 Flintville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Flintville is 37335, with a tax bill of $593.00. Conversely, the lowest median tax bill is also found in zip code 37335, reflecting the same amount of $593.00.
Property Tax Assessment Values Across Flintville, Lincoln County, Tennessee
Source: Ownwell
$103,100
$119,825
$136,550
Average Flintville Assessed Value
$111,800
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 Flintville, Lincoln County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37335 | $38,900 | $70,700 | $111,800 | $168,400 | $245,940 |
Source: Ownwell
Property Tax Bills Across Flintville, Lincoln County, Tennessee
Property tax bills in Flintville, located in Lincoln County, TN, are determined by a combination of the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value. In Flintville, homeowners can expect their property tax bills to vary significantly based on these assessments. For instance, the 25th percentile tax bill is around $371, while the 75th percentile reaches up to $890, and the 90th percentile can be as high as $1,294. Given the median home price in Flintville is $111,800, these tax bills can be a substantial annual expense for homeowners. The highest and lowest median tax bills both stand at $593, which highlights the variability in tax amounts within the same area. This variability underscores the importance of accurate property assessments and the impact they have on homeowners' finances. Compared to the national median property tax rate of 0.99%, Flintville's rates can offer some relief, but the overall tax bill still depends heavily on individual property assessments.
Average Flintville Tax Bill
$593
Average Lincoln County Tax Bill
$686
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Flintville, Lincoln County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37335 | $203 | $371 | $593 | $890 | $1,294 |
Source: Ownwell