Whiteside, Marion County, Tennessee Property Taxes
The median property tax rate in Whiteside, 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 Whiteside at $34,600, the typical annual property tax bill is $152, far below the national median of $2,690. Property taxes in Whiteside are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Whiteside'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 Whiteside 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
Whiteside, Marion County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$152
$141
Ownwell’s Whiteside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whiteside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whiteside 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 Whiteside, Marion County, Tennessee
Property taxes in Whiteside, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whiteside is 0.44%, which is significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Whiteside set these rates annually, and they can vary across different neighborhoods. Each year, Whiteside 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 Whiteside's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37396 has the highest median property tax rate of 0.44%, while the lowest median tax rate is also 0.44% in the same zip code. Understanding how these cities compare with Whiteside 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 Whiteside 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 Whiteside, Marion County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37396 | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Whiteside, Marion County, Tennessee
In Whiteside, 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 Marion County Assessor's Office 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 Whiteside, 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 Whiteside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 37396, with a value of $152.00, which is significantly lower than the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Whiteside, Marion County, Tennessee
Source: Ownwell
$20,750
$138,500
$256,250
Average Whiteside Assessed Value
$34,600
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 Whiteside, Marion County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37396 | $6,720 | $12,600 | $34,600 | $82,200 | $119,240 |
Source: Ownwell
Property Tax Bills Across Whiteside, Marion County, Tennessee
In Whiteside, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For example, with a median home price of $34,600, the assessed value forms the basis for the tax calculation. The tax rate, set by local government authorities, is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including property location, size, and any applicable exemptions. The tax bills in Whiteside show significant variation, with the 25th percentile at $56 and the 90th percentile reaching $525. For homeowners, understanding these calculations is crucial as property taxes can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, Whiteside's tax bills reflect a diverse range, influenced by the local tax rate and home values. This variation underscores the importance of accurate property assessments and the potential benefits of appealing assessed values to ensure fair taxation.
Average Whiteside Tax Bill
$152
Average Marion County Tax Bill
$420
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Whiteside, Marion County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37396 | $29 | $56 | $152 | $362 | $525 |
Source: Ownwell