Moore County, Tennessee Property Taxes
The median property tax rate in Moore County is 0.61%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Moore County at $174,300, the typical annual property tax bill is $1,024, significantly below the national median of $2,690. Property taxes in Moore County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Moore 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 Lynchburg or another part of Moore County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moore County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,063
$987
Ownwell’s Moore County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Moore County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Moore 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 Moore County, Tennessee
Property taxes in Moore County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Moore County is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Moore County set these rates annually, and they can vary significantly between different areas within the county. Each year, Moore 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 Moore County's effective property tax rate with other counties and the national median. For comparison, the city of Petersburg has one of the higher property tax rates in Tennessee at 0.61%, while the city of Normandy boasts one of the lowest at 0.60%. Analyzing how Moore County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Moore County Tax Rate
0.61%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moore County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belvidere | 0.60% | 0.60% | 0.61% | 0.61% | 0.61% |
| Fayetteville | 0.59% | 0.60% | 0.60% | 0.61% | 0.61% |
| Lynchburg | 0.60% | 0.60% | 0.61% | 0.61% | 0.61% |
| Mulberry | 0.60% | 0.60% | 0.61% | 0.61% | 0.61% |
| Normandy | 0.58% | 0.60% | 0.60% | 0.61% | 0.61% |
| Petersburg | 0.60% | 0.60% | 0.61% | 0.61% | 0.61% |
| Shelbyville | 0.60% | 0.60% | 0.61% | 0.61% | 0.61% |
| Tullahoma | 0.60% | 0.60% | 0.60% | 0.61% | 0.61% |
| Wartrace | 0.60% | 0.60% | 0.60% | 0.61% | 0.61% |
| Winchester | 0.60% | 0.60% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Moore County, Tennessee
In Moore 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 Moore 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 Moore 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. For instance, Belvidere has the highest median tax bill at $1,456, while Petersburg has the lowest at $835. Being aware of these valuation processes in Moore County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Moore County, Tennessee
Source: Ownwell
$134,800
$187,700
$240,600
Average Moore County Assessed Value
$174,300
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moore County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belvidere | $82,680 | $115,700 | $240,600 | $360,100 | $455,960 |
| Fayetteville | $80,720 | $114,050 | $175,000 | $258,400 | $364,880 |
| Lynchburg | $68,680 | $112,950 | $165,800 | $286,350 | $455,880 |
| Mulberry | $67,260 | $90,300 | $149,000 | $277,450 | $369,040 |
| Normandy | $42,640 | $121,325 | $223,650 | $370,425 | $509,440 |
| Petersburg | $58,590 | $89,625 | $134,800 | $212,400 | $325,260 |
| Shelbyville | $53,560 | $101,325 | $174,700 | $240,850 | $371,480 |
| Tullahoma | $72,720 | $119,000 | $179,000 | $264,900 | $374,240 |
| Wartrace | $84,360 | $162,050 | $232,100 | $308,250 | $455,820 |
| Winchester | $75,730 | $114,900 | $171,750 | $306,525 | $443,420 |
Source: Ownwell
Property Tax Bills Across Moore County, Tennessee
In Moore County, TN, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value of your property. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. Factors that influence your tax bill include the market value of your home, the assessment ratio, and the local tax rate set by the county. For homeowners in Moore County, the median home price stands at $174,300. Property tax bills can vary significantly, with the 25th percentile paying around $647 and the 75th percentile paying about $1,679. Those in the 90th percentile face a tax bill of approximately $2,553. The highest median tax bill in the county is found in Belvidere at $1,456, while the lowest is in Petersburg at $835. Compared to the national median property tax rate of 0.99%, Moore County offers a range of tax burdens that can significantly impact homeowners' finances.
Average Moore County Tax Bill
$1,024
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Moore County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belvidere | $502 | $696 | $1,456 | $2,212 | $2,833 |
| Fayetteville | $261 | $620 | $996 | $1,464 | $2,186 |
| Lynchburg | $286 | $646 | $977 | $1,714 | $2,777 |
| Mulberry | $266 | $533 | $948 | $1,700 | $2,224 |
| Normandy | $119 | $760 | $1,353 | $2,272 | $3,239 |
| Petersburg | $363 | $536 | $835 | $1,292 | $1,924 |
| Shelbyville | $305 | $510 | $1,028 | $1,576 | $2,259 |
| Tullahoma | $378 | $698 | $1,056 | $1,593 | $2,258 |
| Wartrace | $394 | $917 | $1,366 | $1,804 | $2,898 |
| Winchester | $453 | $673 | $1,012 | $1,846 | $2,683 |
Source: Ownwell