Eagleville, Marshall County, Tennessee Property Taxes
The median property tax rate in Eagleville, TN is 0.45%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Eagleville at $426,400, the typical annual property tax bill reaches $1,939, which is significantly below the national median of $2,690. Property taxes in Eagleville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eagleville'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 Eagleville 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
Eagleville, Marshall County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$1,919
$1,781
Ownwell’s Eagleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eagleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eagleville 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 Eagleville, Marshall County, Tennessee
Property taxes in Eagleville, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagleville is 0.45%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Eagleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagleville 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 Eagleville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37060 has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Eagleville provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eagleville Tax Rate
0.45%
Average Marshall County Tax Rate
0.45%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagleville, Marshall County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37060 | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Eagleville, Marshall County, Tennessee
In Eagleville, 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 Marshall 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 Eagleville, 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 Eagleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1939, found in zip code 37060.
Property Tax Assessment Values Across Eagleville, Marshall County, Tennessee
Source: Ownwell
$171,200
$298,800
$426,400
Average Eagleville Assessed Value
$426,400
Average Marshall County Assessed Value
$204,200
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eagleville, Marshall County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37060 | $203,220 | $303,300 | $426,400 | $489,300 | $540,120 |
Source: Ownwell
Property Tax Bills Across Eagleville, Marshall County, Tennessee
In Eagleville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the condition of the property, recent sales of comparable homes, and any improvements made to the property. For homeowners in Eagleville, property taxes can vary significantly. For instance, the 25th percentile tax bill is $1,379, while the 75th percentile reaches $2,225, and the 90th percentile hits $2,455. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. While the national median property tax rate stands at 0.99%, the specific rates and assessed values in Eagleville can lead to a varying financial burden for homeowners, affecting their overall cost of living and investment in their properties.
Average Eagleville Tax Bill
$1,939
Average Marshall County Tax Bill
$1,145
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagleville, Marshall County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37060 | $924 | $1,379 | $1,939 | $2,225 | $2,455 |
Source: Ownwell