Apollo Beach, Tennessee Property Taxes
The median property tax rate in Apollo Beach, TN is 0.63%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $190,550 in Apollo Beach, the typical annual property tax bill amounts to $1,197, significantly less than the national median of $2,690. Property taxes in Apollo Beach are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Apollo Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Apollo Beach or another part of Polk County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Apollo Beach, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,200
$1,114
Ownwell’s Apollo Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Apollo Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Apollo Beach 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 Apollo Beach, Tennessee
Property taxes in Apollo Beach, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Apollo Beach is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Apollo Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Apollo Beach 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 Apollo Beach's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 33572 zip code in Polk County has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these areas compare with Apollo Beach provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Apollo Beach Tax Rate
0.63%
Average Polk County Tax Rate
0.63%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Apollo Beach, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33572 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Apollo Beach, Tennessee
In Apollo Beach, Tennessee, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is 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 Apollo Beach, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Apollo Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both found in the zip code 33572, with a value of $1,197.
Average Apollo Beach Assessed Value
$190,550
Average Polk County Assessed Value
$48,850
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Apollo Beach, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33572 | $46,110 | $100,275 | $190,550 | $280,825 | $334,990 |
Source: Ownwell
Property Tax Bills Across Apollo Beach, Tennessee
In Apollo Beach, located in Polk County, TN, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and is a percentage of the property's market value. The local tax rate, also known as the millage rate, is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For example, the median home price in Apollo Beach is $190,550. Homeowners in the 25th percentile typically see tax bills around $630, while those in the 75th percentile pay approximately $1,764. The 90th percentile tax bill reaches up to $2,104. These property taxes significantly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Comparatively, the national median property tax rate is 0.99%, highlighting how Apollo Beach's rates and bills align with broader trends while reflecting local economic conditions.
Average Apollo Beach Tax Bill
$1,197
Average Polk County Tax Bill
$310
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Apollo Beach, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33572 | $290 | $630 | $1,197 | $1,764 | $2,104 |
Source: Ownwell