Birchwood, Meigs County, Tennessee Property Taxes
Median Birchwood, TN effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Birchwood, TN home value: $116,900
Median annual Birchwood, TN tax bill: $512, $1,888 lower than the national median property tax bill of $2,400.
How are property taxes in Meigs calculated?
Property taxes in Birchwood, 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 Birchwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Birchwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Birchwood, Meigs County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.42%
Estimate Property Tax Bill
$491
$456
Property Tax Rates Across Birchwood, Meigs County, Tennessee
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Birchwood’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S. Birchwood, located in Meigs County, has a property tax rate of 0.42%. This is significantly lower than the national median property tax rate of 1.02% and the median property tax bill of $2400. Such a favorable tax environment can be an attractive aspect for property owners considering relocation or investment in the area. The relatively low tax rate can make a significant difference in annual expenses, especially when compared to other regions with higher rates. Understanding these differences can be crucial for property owners seeking to optimize their financial planning and investment strategies.
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 Birchwood Tax Rate
0.42%
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 Meigs County Tax Rate
0.42%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Birchwood, Meigs County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37308 | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Birchwood, Meigs County, Tennessee
When examining property taxes in Birchwood, 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 Meigs County appraisal district 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.
Assessment notices:
In Meigs County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May.
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 Birchwood.
For example, the median home price in Birchwood is $116,900, with tax bills ranging significantly across the county. Zip code 37308 has the highest median home price at $116,900.
Property Tax Assessment Values Across Birchwood, Meigs County, Tennessee
Source: Ownwell
$73,100
$111,375
$149,650
Median Birchwood Market Value
$116,900
Median Meigs County Market Value
$118,500
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Birchwood, Meigs County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37308 | $31,150 | $56,050 | $116,900 | $236,375 | $447,350 |
Source: Ownwell
Property Tax Bills Across Birchwood, Meigs County, Tennessee
Median Birchwood Tax Bill
$512
Median Meigs County Tax Bill
$522
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Birchwood, Meigs County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37308 | $128 | $225 | $512 | $1,035 | $1,971 |
Source: Ownwell