Mcnairy County, Tennessee Property Taxes
The median property tax rate in McNairy County is 0.39%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in McNairy County, the typical annual property tax bill reaches $471, far below the national median of $2,690. Property taxes in McNairy County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding McNairy County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Selmer or another part of McNairy County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mcnairy County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$418
$388
Ownwell’s McNairy County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in McNairy County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in McNairy 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 Mcnairy County, Tennessee
Property taxes in McNairy County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in McNairy County is 0.39%, which is lower than the U.S. national median of 0.99%. Local government entities within McNairy County set these rates annually, and they can vary significantly between different areas within the county. Each year, McNairy 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 McNairy County's effective property tax rate with other counties in Tennessee and the national median. For comparison, the city of Adamsville has one of the higher property tax rates in Tennessee at 0.57%. Analyzing how McNairy County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mcnairy County Tax Rate
0.39%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcnairy County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adamsville | 0.39% | 0.39% | 0.57% | 0.57% | 0.57% |
| Bethel Springs | 0.39% | 0.39% | 0.39% | 0.40% | 0.53% |
| Enville | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Finger | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Guys | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Hornsby | 0.39% | 0.39% | 0.39% | 0.39% | 0.40% |
| Michie | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Milledgeville | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Morris Chapel | 0.39% | 0.39% | 0.39% | 0.39% | 0.57% |
| Pocahontas | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Ramer | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Selmer | 0.39% | 0.39% | 0.40% | 0.55% | 0.55% |
| Shiloh | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Stantonville | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Mcnairy County, Tennessee
In McNairy 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 McNairy 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 McNairy 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. For instance, Morris Chapel has the highest median tax bill at $556, while Enville has the lowest at $290. Being aware of these valuation processes in McNairy County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Mcnairy County, Tennessee
Source: Ownwell
$73,550
$107,225
$140,900
Average Mcnairy County Assessed Value
$107,300
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcnairy County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adamsville | $33,660 | $64,700 | $105,000 | $165,500 | $248,760 |
| Bethel Springs | $22,920 | $46,500 | $94,500 | $156,700 | $242,360 |
| Enville | $33,950 | $47,875 | $73,550 | $119,775 | $207,550 |
| Finger | $23,640 | $46,950 | $100,200 | $162,600 | $236,320 |
| Guys | $33,900 | $66,575 | $118,900 | $205,275 | $329,670 |
| Hornsby | $26,700 | $46,600 | $77,400 | $128,450 | $201,050 |
| Michie | $26,120 | $64,800 | $118,600 | $175,200 | $253,080 |
| Milledgeville | $32,720 | $53,800 | $89,900 | $133,150 | $190,560 |
| Morris Chapel | $46,980 | $68,800 | $140,900 | $212,700 | $322,320 |
| Pocahontas | $30,110 | $50,875 | $98,600 | $162,250 | $236,200 |
| Ramer | $34,760 | $67,300 | $112,500 | $167,100 | $241,080 |
| Selmer | $32,950 | $64,000 | $107,800 | $164,650 | $237,450 |
| Shiloh | $38,320 | $67,300 | $139,000 | $200,400 | $311,640 |
| Stantonville | $34,240 | $74,850 | $128,500 | $189,450 | $292,000 |
Source: Ownwell
Property Tax Bills Across Mcnairy County, Tennessee
In McNairy County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in McNairy County is $107,300, and the property tax rate is applied to this assessed value to determine the tax bill. Various factors influence the tax bill, including the property's location within the county. For example, Morris Chapel has the highest median tax bill at $556, while Enville has the lowest at $290. Homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is $264, indicating that a quarter of homeowners pay this amount or less. On the higher end, the 75th percentile tax bill is $727, and the 90th percentile reaches $1076. These figures highlight the range of tax burdens within the county. Compared to the national median property tax rate of 0.99%, McNairy County offers relatively affordable property taxes, which can be a significant factor for homeowners when considering overall living costs.
Average Mcnairy County Tax Bill
$471
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcnairy County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adamsville | $147 | $306 | $509 | $800 | $1,246 |
| Bethel Springs | $92 | $199 | $408 | $643 | $989 |
| Enville | $134 | $189 | $290 | $472 | $819 |
| Finger | $93 | $186 | $395 | $638 | $930 |
| Guys | $135 | $262 | $465 | $809 | $1,324 |
| Hornsby | $106 | $184 | $305 | $506 | $793 |
| Michie | $103 | $256 | $468 | $691 | $988 |
| Milledgeville | $128 | $228 | $350 | $520 | $730 |
| Morris Chapel | $212 | $285 | $556 | $1,007 | $1,271 |
| Pocahontas | $104 | $200 | $389 | $640 | $932 |
| Ramer | $139 | $266 | $444 | $660 | $955 |
| Selmer | $148 | $295 | $510 | $763 | $1,096 |
| Shiloh | $184 | $265 | $548 | $790 | $1,228 |
| Stantonville | $134 | $296 | $509 | $748 | $1,156 |
Source: Ownwell