South Pittsburg, Marion County, Tennessee Property Taxes
The median property tax rate in South Pittsburg, TN is 0.51%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in South Pittsburg at $69,500, the typical annual property tax bill is $363, well below the national median of $2,690. Property taxes in South Pittsburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding South Pittsburg'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 South Pittsburg 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
South Pittsburg, Marion County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$354
$329
Ownwell’s South Pittsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Pittsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Pittsburg 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 Marion County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across South Pittsburg, Marion County, Tennessee
Property taxes in South Pittsburg, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Pittsburg is 0.51%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within South Pittsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Pittsburg 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 South Pittsburg's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37380 zip code has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with South Pittsburg 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 South Pittsburg Tax Rate
0.51%
Average Marion County Tax Rate
0.44%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Pittsburg, Marion County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37380 | 0.44% | 0.44% | 0.51% | 0.62% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across South Pittsburg, Marion County, Tennessee
In South Pittsburg, 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 local 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 South Pittsburg, 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 South Pittsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $69,500, with tax bills ranging from $120 at the 25th percentile to $1,218 at the 90th percentile. The highest and lowest median tax bills, both $363, are found in the 37380 zip code.
Property Tax Assessment Values Across South Pittsburg, Marion County, Tennessee
Source: Ownwell
$20,750
$138,500
$256,250
Average South Pittsburg Assessed Value
$69,500
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 South Pittsburg, Marion County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37380 | $12,500 | $24,400 | $69,500 | $144,225 | $232,330 |
Source: Ownwell
Property Tax Bills Across South Pittsburg, Marion County, Tennessee
In South Pittsburg, located in Marion County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by county assessors. Homeowners in South Pittsburg experience a range of tax bills, with the 25th percentile at $120 and the 75th percentile reaching $777. For those at the 90th percentile, the tax bill can go up to $1,218. The median home price in South Pittsburg is $69,500, which significantly influences the tax calculation. Compared to the national median property tax rate of 0.99%, South Pittsburg's tax rates offer a relatively moderate burden on homeowners. Factors such as property location, improvements, and market conditions play crucial roles in determining the final tax bill. Understanding these elements helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average South Pittsburg Tax Bill
$363
Average Marion County Tax Bill
$420
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across South Pittsburg, Marion County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37380 | $62 | $120 | $363 | $777 | $1,218 |
Source: Ownwell