Guild, Marion County, Tennessee Property Taxes
The median property tax rate in Guild, TN is 0.44%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Guild at $45,700, the typical annual property tax bill comes to $200, well below the national median of $2,690. Property taxes in Guild are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Guild'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 Guild or another part of Marion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Guild, Marion County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$201
$187
Ownwell’s Guild Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guild with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guild 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 Guild, Marion County, Tennessee
Property taxes in Guild, Tennessee, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Guild is 0.44%, which is lower than the U.S. national median of 0.99%. Local government entities within Guild set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guild 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 Guild's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37340 zip code has both the highest and lowest median property tax rate of 0.44%. Understanding how these cities compare with Guild provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Guild Tax Rate
0.44%
Average Marion County Tax Rate
0.44%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guild, Marion County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37340 | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Guild, Marion County, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Guild, Tennessee. 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 Marion 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 Guild, 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 Guild helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 37340 in Marion County has both the highest and lowest median tax bills, each at $200.
Property Tax Assessment Values Across Guild, Marion County, Tennessee
Source: Ownwell
$20,750
$138,500
$256,250
Average Guild Assessed Value
$45,700
Average Marion County Assessed Value
$88,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Guild, Marion County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37340 | $12,300 | $22,300 | $45,700 | $103,100 | $179,700 |
Source: Ownwell
Property Tax Bills Across Guild, Marion County, Tennessee
Property tax bills in Guild, located in Marion County, TN, are determined by assessing the market value of a property and applying the local tax rate. The median home price in Guild is $45,700, and property taxes are calculated based on this assessed value. Homeowners in Guild experience a range of property tax bills, with the 25th percentile at $98 and the 75th percentile at $454. For those at the 90th percentile, the tax bill can reach up to $791. These figures indicate that Guild's property tax rates are relatively modest compared to the national median property tax rate of 0.99%. However, the impact on homeowners can vary significantly based on their property’s assessed value and specific circumstances. For instance, properties in the zip code 37340 have a median tax bill of $200, highlighting some consistency in tax assessments within the area. Understanding these factors can help homeowners in Guild better anticipate their annual property tax obligations and plan their finances accordingly.
Average Guild Tax Bill
$200
Average Marion County Tax Bill
$420
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Guild, Marion County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37340 | $54 | $98 | $200 | $454 | $791 |
Source: Ownwell