Adolphus, Tennessee Property Taxes
The median property tax rate in Adolphus, TN 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 Adolphus, the typical annual property tax bill is $67, significantly below the national median of $2,690. Property taxes in Adolphus 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 Adolphus'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 Adolphus 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
Adolphus, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$67
$62
Ownwell’s Adolphus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adolphus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adolphus 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 Adolphus, Tennessee
Property taxes in Adolphus, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adolphus is 0.60%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Adolphus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adolphus 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 Adolphus's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 42120 has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Adolphus provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adolphus Tax Rate
0.60%
Average Macon County Tax Rate
0.60%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adolphus, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42120 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Adolphus, Tennessee
In Adolphus, 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 Macon County Appraisal District 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 Adolphus, 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 Adolphus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Adolphus is $11,200, with tax bills at the 25th, 75th, and 90th percentiles all being $67.
Average Adolphus Assessed Value
$11,200
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 Adolphus, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42120 | $11,200 | $11,200 | $11,200 | $11,200 | $11,200 |
Source: Ownwell
Property Tax Bills Across Adolphus, Tennessee
In Adolphus, Macon County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, determined by the local assessor's office. For homeowners in this area, the median home price is $11,200, significantly lower than the national median. The property tax rate in Adolphus is then applied to this assessed value to determine the tax bill. For many homeowners, the property tax bill falls within the lower range, with the 25th, 75th, and 90th percentiles all at $67 annually. This consistency suggests a relatively uniform tax rate across different property values. Compared to the national median property tax rate of 0.99%, homeowners in Adolphus experience lower property tax bills, providing some financial relief. However, the low median home price also reflects the economic conditions of the area, which can impact the overall financial health of homeowners. Understanding these factors can help residents better manage their property tax obligations and plan for future expenses.
Average Adolphus Tax Bill
$67
Average Macon County Tax Bill
$483
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Adolphus, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42120 | $67 | $67 | $67 | $67 | $67 |
Source: Ownwell