Bethpage, Macon County, Tennessee Property Taxes
The median property tax rate in Bethpage, TN is 0.60%, which is notably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Bethpage at $27,550, the typical annual property tax bill amounts to just $166, significantly less than the national median of $2,690. Property taxes in Bethpage are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Bethpage's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bethpage or another part of Macon County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bethpage, Macon County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$165
$153
Ownwell’s Bethpage Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bethpage with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethpage 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 Bethpage, Macon County, Tennessee
Property taxes in Bethpage, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethpage is 0.60%, significantly lower than the U.S. national median of 0.99%. Local government entities within Bethpage set these rates annually, and they can vary across different neighborhoods. Each year, Bethpage 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 Bethpage's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37022 in Macon County has the same median property tax rate of 0.60%. Understanding how these cities compare with Bethpage 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 Bethpage 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 Bethpage, Macon County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37022 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Bethpage, Macon County, Tennessee
In Bethpage, 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 Bethpage, 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. For example, in the zip code 37022, the highest median tax bill is $166, while the lowest is also $166. 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 Bethpage helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bethpage, Macon County, Tennessee
Source: Ownwell
$27,550
$57,525
$87,500
Average Bethpage Assessed Value
$27,550
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 Bethpage, Macon County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37022 | $8,500 | $18,525 | $27,550 | $81,475 | $133,600 |
Source: Ownwell
Property Tax Bills Across Bethpage, Macon County, Tennessee
In Bethpage, located in Macon County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For homeowners in Bethpage, the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the market value of the property, the local tax rate, and any applicable exemptions or deductions. For example, the median home price in Bethpage is $27,550, resulting in varying tax bills across the board. Homeowners in the 25th percentile see tax bills around $112, while those in the 75th percentile face bills of approximately $489. The 90th percentile tax bill reaches up to $802, reflecting higher-valued properties. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby influencing the overall quality of life in the community.
Average Bethpage Tax Bill
$166
Average Macon County Tax Bill
$483
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethpage, Macon County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37022 | $51 | $112 | $166 | $489 | $802 |
Source: Ownwell