Montgomery County, Tennessee Property Taxes
The median property tax rate in Montgomery County is 1.05%, which is higher than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $172,800, the typical annual property tax bill in Montgomery County is $1,610, which is lower than the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Montgomery 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 Clarksville or another part of Montgomery County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Montgomery County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,814
$1,684
Ownwell’s Montgomery County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Montgomery County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Montgomery 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 Montgomery County, Tennessee
Property taxes in Montgomery County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Montgomery County is 1.05%, which is higher than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Montgomery County set these rates annually, and they can vary significantly between different areas within the county. Each year, Montgomery 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 Montgomery County's effective property tax rate with other counties in Tennessee and the national median. For comparison, the city of Clarksville has one of the higher property tax rates in Tennessee at 1.05%, while the city of Cumberland City boasts one of the lowest at 0.75%. Analyzing how Montgomery County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Montgomery County Tax Rate
1.05%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
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
In Montgomery 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 Montgomery 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 Montgomery 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. Being aware of these valuation processes in Montgomery County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The city with the highest median tax bill is Adams at $2,040, while Indian Mound has the lowest at $982.
Property Tax Assessment Values Across Montgomery County, Tennessee
Source: Ownwell
$134,500
$205,075
$275,650
Average Montgomery County Assessed Value
$172,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
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 your home. The assessed value is determined by local assessors and typically represents a percentage of your property's market value. For instance, the median home price in Montgomery County is $172,800. Various factors such as property size, location, and improvements influence these assessments. The tax rate is then applied to the assessed value to determine your tax bill. In Montgomery County, property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $1,195, while at the 75th percentile, it rises to $2,102, and at the 90th percentile, it reaches $2,705. This variation can impact homeowners differently based on their property's assessed value. Interestingly, Adams has the highest median tax bill at $2,040, while Indian Mound has the lowest at $982. Compared to the national median property tax rate of 0.99%, Montgomery County's property taxes can be seen as relatively moderate, providing a balanced financial environment for homeowners.
Average Montgomery County Tax Bill
$1,610
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
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