Stantonville, Tennessee Property Taxes
The median property tax rate in Stantonville, TN is 0.39%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Stantonville at $128,500, the typical annual property tax bill reaches $509, significantly below the national median of $2,690. Property taxes in Stantonville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stantonville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Stantonville 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
Stantonville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$501
$465
Ownwell’s Stantonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stantonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stantonville 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 Stantonville, Tennessee
Property taxes in Stantonville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stantonville is 0.39%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Stantonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stantonville 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. The data below compares Stantonville's effective property tax rate to other regions in Tennessee and the national median. Understanding how Stantonville compares with other regions provides valuable insights into the varying tax landscape across McNairy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stantonville 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 Stantonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38379 | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Stantonville, Tennessee
In Stantonville, 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 Stantonville, 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. 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 Stantonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 38379 has the highest median tax bill at $509, which is also the lowest median tax bill in the area.
Average Stantonville Assessed Value
$128,500
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 Stantonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38379 | $34,240 | $74,850 | $128,500 | $189,450 | $292,000 |
Source: Ownwell
Property Tax Bills Across Stantonville, Tennessee
In Stantonville, 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 Stantonville is $128,500. Homeowners can expect their tax bills to fall within a range, with the 25th percentile at $296 and the 75th percentile at $748. For those in the 90th percentile, tax bills can reach up to $1,156. These figures indicate that Stantonville's property tax rates are relatively modest compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. This system ensures that homeowners contribute to community services like schools, public safety, and infrastructure based on the value of their property. Understanding how these elements interplay can help homeowners in Stantonville better anticipate their annual property tax obligations and manage their finances accordingly.
Average Stantonville Tax Bill
$509
Average Mcnairy County Tax Bill
$471
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Stantonville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38379 | $134 | $296 | $509 | $748 | $1,156 |
Source: Ownwell