Enville, Tennessee Property Taxes
The median property tax rate in Enville, TN is 0.39%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $73,550 in Enville, the typical annual property tax bill is $290, well below the national median of $2,690. Property taxes in Enville are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Enville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Enville or another part of McNairy County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Enville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$287
$266
Ownwell’s Enville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enville 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 Enville, Tennessee
Property taxes in Enville, Tennessee, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Enville is 0.39%, significantly lower than both the Tennessee state median of 0.68% and the U.S. national median of 0.99%. Local government entities within Enville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enville 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. Understanding how Enville's effective property tax rate compares to other areas in McNairy County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enville Tax Rate
0.39%
Average Mcnairy County Tax Rate
0.39%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38332 | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Enville, Tennessee
In Enville, 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 McNairy 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 Enville, 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. For instance, the highest median tax bill in Enville is $290 in the zip code 38332, while the lowest is also $290 in the same zip code. 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 Enville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Enville Assessed Value
$73,550
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 Enville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38332 | $33,950 | $47,875 | $73,550 | $119,775 | $207,550 |
Source: Ownwell
Property Tax Bills Across Enville, Tennessee
In Enville, McNairy County, TN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Enville is $73,550. Property taxes are determined by multiplying the assessed value by the local tax rate, which is influenced by various factors, including the property's location, size, and market value. For example, in Enville, the 25th percentile tax bill is $189, while the 75th percentile tax bill is $472, and the 90th percentile tax bill can reach up to $819. Homeowners in Enville experience property tax rates that can vary significantly, impacting their annual financial obligations. The highest and lowest median tax bills in the area are both $290, reflecting the consistency within certain zip codes like 38332. Compared to the national median property tax rate of 0.99%, Enville's property tax rates are relatively moderate, offering some relief to homeowners in this region. Understanding these factors can help homeowners better anticipate and manage their property tax expenses.
Average Enville Tax Bill
$290
Average Mcnairy County Tax Bill
$471
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Enville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38332 | $134 | $189 | $290 | $472 | $819 |
Source: Ownwell