Fayetteville, Maury County, Tennessee Property Taxes

Name: Property Tax Bills Across Fayetteville, Maury County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fayetteville, TN effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%. Median Fayetteville, TN home value: $461,900. Median annual Fayetteville, TN tax bill: $3,159, $759 higher than the national median property tax bill of $2,400.

How are property taxes in Maury calculated?

Property taxes in Fayetteville, 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 Fayetteville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fayetteville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fayetteville, Maury County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$3,141

$2,915

Ownwell’s Fayetteville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fayetteville with just two data points. By entering your property's estimated assessed value, our calculator applies Fayetteville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lincoln County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fayetteville, Maury County, Tennessee

Local government entities set tax rates, which can vary significantly within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This annual process involves votes and laws, but in essence, this is how it works. In Fayetteville, located in Lincoln County, TN, the property tax rate stands at 0.68%, which is below the national median property tax rate of 1.02%. This lower rate can be quite appealing for homeowners, offering a more affordable tax bill compared to the national median property tax bill of $2400. When compared to other cities in Tennessee, Fayetteville's effective property tax rate is competitive, providing a financial advantage for those considering property ownership in the area. Understanding these rates can be crucial for potential homeowners and investors looking to make informed decisions about property investments in Fayetteville and beyond.

Property Tax Rates Across Fayetteville, Maury County, Tennessee

Source: Ownwell

0.48%

0.69%

0.90%

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 Fayetteville Tax Rate

0.68%

Median Effective Maury County Tax Rate

0.66%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fayetteville, Maury County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37334	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Fayetteville, Maury County, Tennessee

When examining property taxes in Fayetteville, 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 Maury 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.

In Maury County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Fayetteville. For example, the median home price in Fayetteville is $461,900, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Fayetteville, Maury County, Tennessee

Source: Ownwell

$26,700

$174,150

$321,600

Median Fayetteville Market Value

$461,900

Median Maury County Market Value

$247,600

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fayetteville, Maury County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37334	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fayetteville, Maury County, Tennessee

In Fayetteville, TN, property tax bills are calculated based on the assessed value of a home, which is derived from a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Unlike the national median property tax bill of $2,400, homeowners in Fayetteville, TN, experience a higher median tax bill of $3,159. This discrepancy can be attributed to the region's property values and local tax rates, which can significantly impact the financial burden on homeowners.

Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value, potentially increasing tax obligations. Homeowners may find themselves paying more than necessary if their property is over-assessed. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing market data and identifying discrepancies in assessments, Ownwell helps homeowners potentially reduce their tax bills. This service not only saves money but also ensures that homeowners pay a fair amount, reflecting the true value of their property.

Property Tax Bills Across Fayetteville, Maury County, Tennessee

Source: Ownwell

$200

$1,078

$1,956

Median Fayetteville Tax Bill

$3,159

Median Maury County Tax Bill

$1,525

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Fayetteville, Maury County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37334	N/A	N/A	N/A	N/A	N/A

Source: Ownwell