Montgomery County, Tennessee Property Taxes

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

Median Montgomery County effective property tax rate: 1.05%, significantly higher than the national median of 1.02%.
Median Montgomery County home value: $172,800
Median annual Montgomery County tax bill: $1,610, $790 lower than the national median property tax bill of $2,400.

How are property taxes in Montgomery County calculated?

Property taxes in Montgomery County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Clarksville or another part of Montgomery County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Montgomery County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$1,814

$1,684

Ownwell’s Montgomery County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Montgomery County with just two data points. By entering your property's estimated assessed value, our calculator applies Montgomery County’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 more 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 Montgomery County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Montgomery County, Tennessee

Local government entities set property tax rates, which can vary significantly within a state. Each county annually estimates its budget requirements to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Montgomery County, Tennessee, the effective property tax rate stands at 1.05%, which is slightly above the national median of 1.02%. Within the county, Clarksville has the highest median tax rate at 1.05%, while Cumberland City boasts the lowest at 0.75%. By comparing these rates, you can see how Montgomery County's property tax rate aligns with other counties in Tennessee and contrasts with the U.S. median. Understanding these rates can help property owners make informed decisions about property tax appeals and exemptions, potentially leading to significant savings.

Property Tax Rates Across Montgomery County, Tennessee

Source: Ownwell

0.75%

0.90%

1.05%

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 Montgomery County Tax Rate

1.05%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Montgomery County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Adams	0.75%	0.75%	0.75%	0.75%	0.75%
Ashland City	0.51%	0.75%	0.75%	0.75%	0.89%
Cedar Hill	0.75%	0.75%	0.75%	0.75%	0.75%
Chapmansboro	0.73%	0.75%	0.75%	0.75%	0.75%
Clarksville	0.75%	0.75%	1.05%	1.06%	1.06%
Cumberland City	0.42%	0.74%	0.75%	0.75%	0.75%
Cumberland Furnace	0.67%	0.75%	0.75%	0.75%	0.75%
Cunningham	0.70%	0.75%	0.75%	0.75%	0.75%
Erin	0.39%	0.75%	0.75%	0.75%	0.75%
Indian Mound	0.75%	0.75%	0.75%	0.75%	0.75%
Palmyra	0.61%	0.75%	0.75%	0.75%	0.75%
Southside	0.71%	0.75%	0.75%	0.75%	0.75%
Woodlawn	0.75%	0.75%	0.75%	0.75%	0.75%

Source: Ownwell

Property Tax Assessment Values Across Montgomery County, Tennessee

When examining property taxes in Montgomery County, 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 Montgomery County Assessor of Property 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 Montgomery 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 Montgomery County. For example, the median tax bill in Montgomery County is $1,195, with tax bills ranging significantly across the county. Adams has the highest median home price at $275,650.

Property Tax Assessment Values Across Montgomery County, Tennessee

Source: Ownwell

$134,500

$205,075

$275,650

Median Montgomery County Market Value

$172,800

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Montgomery County, Tennessee

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Adams	$167,100	$226,550	$275,650	$348,525	$482,550
Ashland City	$80,000	$116,700	$221,800	$374,600	$534,598
Cedar Hill	$144,570	$177,375	$255,050	$321,191	$392,510
Chapmansboro	$90,430	$142,075	$216,300	$259,050	$386,980
Clarksville	$97,600	$126,900	$171,300	$229,600	$297,600
Cumberland City	$83,220	$153,325	$221,350	$319,500	$467,339
Cumberland Furnace	$59,650	$91,475	$164,900	$248,800	$324,550
Cunningham	$68,800	$111,600	$171,850	$255,850	$340,046
Erin	$71,000	$145,150	$198,300	$252,550	$292,800
Indian Mound	$61,480	$93,450	$134,500	$243,100	$344,265
Palmyra	$65,000	$98,500	$173,750	$263,725	$357,100
Southside	$61,250	$99,300	$177,700	$281,400	$367,210
Woodlawn	$78,620	$126,000	$167,350	$226,075	$324,791

Source: Ownwell

Property Tax Bills Across Montgomery County, Tennessee

In Montgomery County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. Homeowners in Montgomery County experience a range of tax bills, with the 25th percentile paying around $1,195 and the 75th percentile paying approximately $2,102. The 90th percentile of homeowners faces tax bills as high as $2,705. These figures reflect how property taxes can vary significantly across the county, impacting homeowners differently depending on their property’s assessed value. For instance, homeowners in Adams experience the highest median tax bill at $2,040, while those in Indian Mound see the lowest at $982. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Montgomery County offers a relatively affordable property tax environment. Understanding these factors is crucial for homeowners as they manage their financial responsibilities and plan for future expenses.

Property Tax Bills Across Montgomery County, Tennessee

Source: Ownwell

$982

$1,511

$2,040

Median Montgomery County Tax Bill

$1,610

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Montgomery County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Adams	$1,198	$1,685	$2,040	$2,581	$3,452
Ashland City	$583	$872	$1,503	$2,709	$3,916
Cedar Hill	$1,080	$1,278	$1,866	$2,062	$2,635
Chapmansboro	$676	$1,062	$1,570	$1,850	$2,893
Clarksville	$902	$1,218	$1,621	$2,106	$2,703
Cumberland City	$562	$1,008	$1,531	$2,032	$2,767
Cumberland Furnace	$440	$661	$1,176	$1,798	$2,299
Cunningham	$507	$799	$1,252	$1,826	$2,433
Erin	$531	$662	$1,439	$1,888	$2,189
Indian Mound	$453	$698	$982	$1,698	$2,455
Palmyra	$474	$708	$1,208	$1,890	$2,565
Southside	$449	$694	$1,290	$2,059	$2,710
Woodlawn	$567	$938	$1,239	$1,670	$2,308

Source: Ownwell