Maury County Property Taxes
The median property tax rate in Maury County is 0.66%, slightly higher than the Tennessee state median of 0.64% but lower than the national median of 0.99%. With a median home value of $247,600, the typical annual property tax bill in Maury County is $1,525, which is considerably below the national median of $2,690. Property taxes here are based on the assessed value, which is often less than the actual market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Maury County's property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Columbia or another part of Maury County, having a thorough knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maury County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,634
Ownwell’s Maury County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Maury County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Maury County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Maury County, Tennessee
Property taxes in Maury County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Maury County is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Maury County set these rates annually, and they can vary significantly between different areas within the county. Each year, Maury County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Maury County's effective property tax rate with other counties and the national median. For comparison, the city of Mount Pleasant has one of the higher property tax rates in Tennessee at 0.90%, while the city of Lynnville boasts one of the lowest at 0.48%. Analyzing how Maury County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Maury County Tax Rate
0.66%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maury County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brentwood | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| Columbia | 0.48% | 0.48% | 0.68% | 0.68% | 0.68% |
| Culleoka | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Duck River | 0.42% | 0.47% | 0.48% | 0.48% | 0.48% |
| Fayetteville | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| Franklin | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
| Hampshire | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Lewisburg | 0.47% | 0.48% | 0.48% | 0.48% | 0.48% |
| Lynnville | 0.18% | 0.47% | 0.48% | 0.48% | 0.48% |
| Mount Pleasant | 0.48% | 0.48% | 0.90% | 0.90% | 0.90% |
| Mt Pleasant | 0.48% | 0.48% | 0.48% | 0.90% | 0.90% |
| Nashville | 0.50% | 0.53% | 0.58% | 0.63% | 0.66% |
| Primm Springs | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Santa Fe | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Shelbyville | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Spring Hill | 0.48% | 0.54% | 0.66% | 0.66% | 0.66% |
| Summertown | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Unionville | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Williamsport | 0.46% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Maury County, Tennessee
In Maury County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Maury County Appraisal District. The assessed value, however, 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. Assessment notices in Maury County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Maury County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Franklin has the highest median tax bill at $3,320, while Mt. Pleasant has the lowest at $201.
Average Maury County Assessed Value
$247,600
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maury County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brentwood | $194,100 | $194,100 | $194,100 | $194,100 | $194,100 |
| Columbia | $91,700 | $169,000 | $238,500 | $328,900 | $455,800 |
| Culleoka | $57,400 | $124,900 | $209,950 | $304,575 | $439,400 |
| Duck River | $146,830 | $197,950 | $200,700 | $221,825 | $391,970 |
| Fayetteville | $461,900 | $461,900 | $461,900 | $461,900 | $461,900 |
| Franklin | $501,400 | $501,400 | $501,400 | $501,400 | $501,400 |
| Hampshire | $49,400 | $108,300 | $204,800 | $313,800 | $486,800 |
| Lewisburg | $69,350 | $157,100 | $221,100 | $327,675 | $525,600 |
| Lynnville | $29,120 | $50,200 | $179,100 | $417,500 | $538,060 |
| Mount Pleasant | $43,300 | $83,700 | $138,300 | $212,900 | $328,800 |
| Mt Pleasant | $15,560 | $21,650 | $35,800 | $57,400 | $106,920 |
| Nashville | $171,330 | $172,425 | $174,250 | $176,075 | $177,170 |
| Primm Springs | $43,280 | $95,275 | $167,800 | $275,025 | $384,210 |
| Santa Fe | $50,000 | $120,725 | $215,000 | $324,300 | $456,010 |
| Shelbyville | $450,300 | $450,300 | $450,300 | $450,300 | $450,300 |
| Spring Hill | $178,590 | $251,600 | $321,600 | $397,700 | $474,020 |
| Summertown | $35,000 | $109,500 | $206,700 | $228,100 | $302,350 |
| Unionville | $395,100 | $395,100 | $395,100 | $395,100 | $395,100 |
| Williamsport | $47,800 | $108,825 | $201,300 | $304,200 | $494,770 |
Source: Ownwell
Property Tax Bills Across Maury County, Tennessee
In Maury County, TN, property tax bills are determined based on the assessed value of a home, which is a percentage of the property's market value. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as the property's location, size, and condition play a significant role in determining its market value, which in turn affects the assessed value and the resulting tax bill. For instance, homeowners in Maury County experience a range of property tax bills. The 25th percentile tax bill is $996, while the 75th percentile tax bill is $2079. At the 90th percentile, tax bills can reach up to $2689. These figures indicate that property taxes can vary widely even within the same county. Comparatively, the highest median tax bill in the region is $3320 in Franklin, while the lowest is just $201 in Mt. Pleasant. This variation underscores the importance of understanding local property assessments and tax rates, as they significantly impact homeowners' annual expenses.
Average Maury County Tax Bill
$1,525
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Maury County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brentwood | $1,327 | $1,327 | $1,327 | $1,327 | $1,327 |
| Columbia | $557 | $1,035 | $1,519 | $2,010 | $2,606 |
| Culleoka | $274 | $584 | $982 | $1,387 | $1,981 |
| Duck River | $674 | $936 | $958 | $1,060 | $1,565 |
| Fayetteville | $3,159 | $3,159 | $3,159 | $3,159 | $3,159 |
| Franklin | $3,320 | $3,320 | $3,320 | $3,320 | $3,320 |
| Hampshire | $232 | $501 | $943 | $1,420 | $2,126 |
| Lewisburg | $273 | $612 | $1,020 | $1,435 | $2,274 |
| Lynnville | $139 | $240 | $743 | $998 | $1,511 |
| Mount Pleasant | $251 | $532 | $952 | $1,472 | $2,130 |
| Mt Pleasant | $94 | $142 | $201 | $331 | $538 |
| Nashville | $855 | $915 | $1,016 | $1,116 | $1,176 |
| Primm Springs | $207 | $440 | $776 | $1,263 | $1,634 |
| Santa Fe | $249 | $567 | $996 | $1,422 | $2,042 |
| Shelbyville | $2,150 | $2,150 | $2,150 | $2,150 | $2,150 |
| Spring Hill | $1,137 | $1,496 | $1,956 | $2,502 | $3,008 |
| Summertown | $167 | $421 | $981 | $1,069 | $1,444 |
| Unionville | $1,887 | $1,887 | $1,887 | $1,887 | $1,887 |
| Williamsport | $234 | $517 | $913 | $1,369 | $2,014 |
Source: Ownwell