Marshall County, Tennessee Property Taxes
Median Marshall County effective property tax rate: 0.45%, significantly lower than the national median of 1.02%.
Median Marshall County home value: $204,200
Median annual Marshall County tax bill: $1,145, $1,255 lower than the national median property tax bill of $2,400.
How are property taxes in Marshall County calculated?
Property taxes in Marshall County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Lewisburg or another part of Marshall County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Marshall County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.45%
Estimate Property Tax Bill
$919
$853
Property Tax Rates Across Marshall County, Tennessee
Local government entities determine property tax rates, and these can differ significantly across Tennessee. Each year, counties estimate their budgetary needs to fund essential services and divide this by the total assessed value of all taxable properties within their boundaries. This calculation yields the property tax rate. While the process involves various votes and regulations, this is the core of how annual rates are set.
Marshall County's effective property tax rate provides an interesting comparison to other counties in Tennessee and the national median property tax rate of 1.02%. With a median property tax rate of 0.45%, Marshall County residents enjoy rates significantly lower than the national median. In contrast, Lewisburg, within the same state, has the highest median tax rate at 0.69%, showcasing the variability within Tennessee itself. Conversely, Spring Hill matches Marshall County's rate at 0.45%, illustrating that even within a single state, property tax rates can range widely. This variation highlights the importance of understanding local tax rates, as they directly impact property expenses.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Marshall County Tax Rate
0.45%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Marshall County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belfast | 0.45% | 0.45% | 0.45% | 0.45% | 0.47% |
| Chapel Hill | 0.45% | 0.45% | 0.45% | 0.48% | 0.68% |
| College Grove | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
| Columbia | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
| Cornersville | 0.45% | 0.45% | 0.63% | 0.63% | 0.63% |
| Culleoka | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
| Eagleville | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
| Lewisburg | 0.45% | 0.45% | 0.69% | 0.78% | 0.78% |
| Lynnville | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
| Petersburg | 0.45% | 0.45% | 0.45% | 0.46% | 0.61% |
| Spring Hill | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
| Unionville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Marshall County, Tennessee
When examining property taxes in Marshall County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Marshall County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Marshall County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Marshall County.
For example, the median tax bill in Marshall County is $1,126, with tax bills ranging significantly across the county. Eagleville has the highest median home price at $426,400.
Property Tax Assessment Values Across Marshall County, Tennessee
Source: Ownwell
$171,200
$298,800
$426,400
Median Marshall County Market Value
$204,200
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Marshall County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belfast | $42,480 | $99,350 | $171,200 | $260,350 | $347,840 |
| Chapel Hill | $139,300 | $200,875 | $270,900 | $353,525 | $438,800 |
| College Grove | $114,400 | $205,500 | $309,000 | $437,250 | $705,920 |
| Columbia | $80,800 | $145,550 | $204,400 | $270,750 | $425,500 |
| Cornersville | $71,600 | $118,525 | $178,200 | $254,425 | $375,170 |
| Culleoka | $85,800 | $148,600 | $222,000 | $332,100 | $478,700 |
| Eagleville | $203,220 | $303,300 | $426,400 | $489,300 | $540,120 |
| Lewisburg | $71,700 | $120,700 | $185,800 | $265,000 | $387,700 |
| Lynnville | $120,020 | $153,050 | $200,900 | $318,050 | $508,520 |
| Petersburg | $56,400 | $98,200 | $176,400 | $263,700 | $428,900 |
| Spring Hill | $87,640 | $110,300 | $227,800 | $317,900 | $586,040 |
| Unionville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Marshall County, Tennessee
Median Marshall County Tax Bill
$1,145
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Marshall County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belfast | $202 | $455 | $761 | $1,192 | $1,588 |
| Chapel Hill | $742 | $1,043 | $1,368 | $1,726 | $2,204 |
| College Grove | $520 | $934 | $1,380 | $1,931 | $3,155 |
| Columbia | $405 | $666 | $934 | $1,230 | $1,913 |
| Cornersville | $354 | $625 | $1,021 | $1,425 | $1,956 |
| Culleoka | $390 | $681 | $1,009 | $1,481 | $2,113 |
| Eagleville | $924 | $1,379 | $1,939 | $2,225 | $2,455 |
| Lewisburg | $430 | $733 | $1,099 | $1,563 | $2,134 |
| Lynnville | $551 | $696 | $913 | $1,446 | $2,312 |
| Petersburg | $259 | $484 | $854 | $1,221 | $1,922 |
| Spring Hill | $398 | $502 | $1,036 | $1,446 | $2,664 |
| Unionville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell