Lewisburg, Marshall County, Tennessee Property Taxes
Median Lewisburg, TN effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Lewisburg, TN home value: $185,800
Median annual Lewisburg, TN tax bill: $1,099, $1,301 lower than the national median property tax bill of $2,400.
How are property taxes in Marshall County calculated?
Property taxes in Lewisburg, TN 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 Lewisburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lewisburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lewisburg, Marshall County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.69%
Estimate Property Tax Bill
$1,282
$1,190
Property Tax Rates Across Lewisburg, Marshall County, Tennessee
Local government entities set tax rates, which can vary widely within a state. Why? Each county estimates its required budget annually to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Lewisburg, located in Marshall County, TN, the effective property tax rate stands at 0.69%. This rate is notably lower than the national median property tax rate of 1.02%, offering residents a more affordable tax environment. Compared to other cities in Tennessee, Lewisburg's rate aligns with the state median, providing a consistent tax experience for homeowners. The national median property tax bill is $2,400, and the lower rate in Lewisburg can result in significant savings for property owners. This favorable tax rate can be a compelling factor for potential homeowners considering a move to Lewisburg, offering a balance of affordability and community services.
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 Lewisburg Tax Rate
0.69%
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%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lewisburg, Marshall County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37091 | 0.45% | 0.45% | 0.69% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Lewisburg, Marshall County, Tennessee
When examining property taxes in Lewisburg, TN, 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 Appraisal District 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.
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 Lewisburg. For example, the median home price in Lewisburg is $185,800, with tax bills ranging significantly across the county. Zip code 37091 has the highest median home price at $185,800.
Property Tax Assessment Values Across Lewisburg, Marshall County, Tennessee
Source: Ownwell
$171,200
$298,800
$426,400
Median Lewisburg Market Value
$185,800
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 Lewisburg, Marshall County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37091 | $71,700 | $120,700 | $185,800 | $265,000 | $387,700 |
Source: Ownwell
Property Tax Bills Across Lewisburg, Marshall County, Tennessee
In Lewisburg, located in Marshall County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value typically reflects a percentage of the property's market value, and the local tax rate is then applied to this assessed value. Homeowners in Lewisburg may see a range of property tax bills, with the 25th percentile at $733 and the 75th percentile at $1,563, indicating a variation in tax liabilities. Compared to the national median property tax bill of $2,400, Lewisburg's tax bills can be relatively lower, offering some financial relief to homeowners.
Ownwell can assist homeowners in Lewisburg by providing expert property tax appeal services. By analyzing the assessed value of your property and ensuring it aligns with market conditions, Ownwell can help identify potential over-assessments. This process can lead to significant savings on property tax bills, alleviating the financial burden on homeowners. With Ownwell's guidance, you can ensure your property taxes are fair and accurate.
Median Lewisburg Tax Bill
$1,099
Median Marshall County Tax Bill
$1,145
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Lewisburg, Marshall County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37091 | $430 | $733 | $1,099 | $1,563 | $2,134 |
Source: Ownwell