Alpine, Tennessee Property Taxes
The median property tax rate in Alpine, TN is 0.49%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $99,050 in Alpine, the typical annual property tax bill amounts to $459, well below the national median of $2,690. Property taxes in Alpine are determined based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Alpine's property tax system, exploring the available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're situated in the heart of Alpine or another part of Overton County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alpine, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$485
Ownwell’s Alpine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alpine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alpine 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 Alpine, Tennessee
Property taxes in Alpine, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alpine is 0.49%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Alpine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alpine 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 Alpine's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 38543 has both the highest and lowest median property tax rate in the area, standing at 0.49%. Understanding how these cities compare with Alpine provides valuable insights into the varying tax landscape across Overton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alpine Tax Rate
0.49%
Average Overton County Tax Rate
0.49%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alpine, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38543 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Alpine, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Alpine, Tennessee. The market value represents 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 local 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 Alpine, 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. For instance, the median home price is $99,050, with tax bills ranging from $222 at the 25th percentile to $1,152 at the 90th percentile. The highest and lowest median tax bills are both $459, found in the zip code 38543. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alpine Assessed Value
$99,050
Average Overton County Assessed Value
$101,600
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alpine, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38543 | $27,460 | $49,875 | $99,050 | $150,100 | $239,480 |
Source: Ownwell
Property Tax Bills Across Alpine, Tennessee
In Alpine, located in Overton County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in the area is $99,050, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, ultimately affecting the tax bill. Homeowners in Alpine typically see a range of property tax bills. The 25th percentile tax bill is around $222, while the 75th percentile reaches $730, and the 90th percentile can go up to $1,152. These figures illustrate the variability in tax burdens depending on property characteristics and assessed values. Compared to the national median property tax rate of 0.99%, Alpine's property tax bills reflect local economic conditions and property values. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners' annual financial obligations.
Average Alpine Tax Bill
$459
Average Overton County Tax Bill
$570
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Alpine, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38543 | $122 | $222 | $459 | $730 | $1,152 |
Source: Ownwell