Macon County, Tennessee Property Taxes
The median property tax rate in Macon County is 0.60%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Macon County at $73,400, the typical annual property tax bill is $483, significantly below the national median of $2,690. Property taxes in Macon County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Macon County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Lafayette or another part of Macon County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Macon County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$440
$409
Ownwell’s Macon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Macon with just two data points. By entering your property's estimated assessed value, our calculator uses the median tax rate in Macon to provide an estimate of your property tax bill. This tool offers valuable insights into potential tax liabilities. For those interested in more localized trends, you can explore city-specific information by scrolling down. Your property's assessed value is determined by the county and considers any exemptions you may have, ensuring an accurate calculation for your property tax obligations.
Property Tax Rates Across Macon County, Tennessee
Property taxes in Macon County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Macon County is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Macon County set these rates annually, and they can vary significantly between different areas within the county. Each year, Macon 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 Macon County's effective property tax rate with other counties in Tennessee and the national median. For comparison, the city of Red Boiling Springs has one of the higher property tax rates in Tennessee at 0.60%, while the city of Adolphus boasts one of the lowest at 0.60%. Analyzing how Macon County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Macon County Tax Rate
0.60%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macon County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adolphus | N/A | N/A | N/A | N/A | N/A |
| Bethpage | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
| Dixon Springs | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
| Hartsville | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
| Lafayette | 0.60% | 0.60% | 0.60% | 0.79% | 0.79% |
| Pleasant Shade | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
| Red Boiling Springs | 0.60% | 0.60% | 0.60% | 0.96% | 0.96% |
| Westmoreland | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
| Whitleyville | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Macon County, Tennessee
In Macon 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 Macon 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 Macon 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. Lafayette has the highest median tax bill in the county, amounting to $587, while Bethpage has the lowest at $166. Being aware of these valuation processes in Macon County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Macon County Assessed Value
$73,400
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Macon County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adolphus | N/A | N/A | N/A | N/A | N/A |
| Bethpage | $8,500 | $18,525 | $27,550 | $81,475 | $133,600 |
| Dixon Springs | $8,740 | $16,200 | $41,600 | $95,400 | $129,680 |
| Hartsville | $14,820 | $26,150 | $53,650 | $92,700 | $143,110 |
| Lafayette | $20,720 | $48,200 | $87,500 | $132,850 | $197,400 |
| Pleasant Shade | $10,720 | $27,925 | $43,650 | $77,300 | $118,090 |
| Red Boiling Springs | $7,000 | $18,000 | $48,100 | $84,500 | $134,000 |
| Westmoreland | $15,230 | $29,925 | $65,000 | $116,425 | $170,970 |
| Whitleyville | $10,260 | $24,600 | $41,300 | $68,800 | $103,040 |
Source: Ownwell
Property Tax Bills Across Macon County, Tennessee
In Macon County, TN, property tax bills are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the tax bill. For instance, a home with a median price of $73,400 would have its assessed value calculated, and then the local tax rate would be applied to determine the final tax amount. Various factors influence the tax bill, including property location, improvements, and market conditions. Homeowners in Macon County experience a range of tax bills, with the 25th percentile at $216 and the 75th percentile at $793. The highest median tax bill in the county is found in Lafayette at $587, while Bethpage has the lowest at $166. These property taxes can significantly impact homeowners, affecting their annual budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, Macon County's tax rates offer a varied landscape for homeowners.
Average Macon County Tax Bill
$483
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Macon County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adolphus | N/A | N/A | N/A | N/A | N/A |
| Bethpage | $51 | $112 | $166 | $489 | $802 |
| Dixon Springs | $52 | $83 | $250 | $572 | $796 |
| Hartsville | $88 | $157 | $320 | $565 | $872 |
| Lafayette | $127 | $310 | $587 | $871 | $1,275 |
| Pleasant Shade | $64 | $166 | $267 | $468 | $713 |
| Red Boiling Springs | $58 | $125 | $348 | $627 | $935 |
| Westmoreland | $92 | $183 | $391 | $693 | $1,025 |
| Whitleyville | $61 | $146 | $248 | $420 | $628 |
Source: Ownwell