Cleveland, Polk County, Tennessee Property Taxes

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

Median Cleveland, TN effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%. Median Cleveland, TN home value: $59,850. Median annual Cleveland, TN tax bill: $377, $2,023 lower than the national median property tax bill of $2,400. How are property taxes in Polk County calculated? Property taxes in Cleveland, TN 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 Cleveland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cleveland, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cleveland, Polk County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.63%

Estimate Property Tax Bill

$377

$350

Ownwell’s Cleveland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cleveland with just two data points.

By entering your property's estimated assessed value, our calculator applies Cleveland’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 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 Polk County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cleveland, Polk County, Tennessee

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Cleveland’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.

Property Tax Rates Across Cleveland, Polk County, Tennessee

Source: Ownwell

0.63%

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 Cleveland Tax Rate

0.63%

Median Effective Polk County Tax Rate

0.63%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cleveland, Polk County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37323	0.63%	0.63%	0.63%	0.63%	0.63%
37311	N/A	N/A	N/A	N/A	N/A
37312	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cleveland, Polk County, Tennessee

When examining property taxes in Cleveland, Tennessee, 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 Polk County Assessor's Office 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.

In Polk County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Cleveland. For example, the median home price in Cleveland is $59,850, with tax bills ranging significantly across the county. Zip code 37323 has the highest median home price at $61,300.

Property Tax Assessment Values Across Cleveland, Polk County, Tennessee

Source: Ownwell

$7,200

$36,200

$65,200

Median Cleveland Market Value

$59,850

Median Polk County Market Value

$48,850

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cleveland, Polk County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37323	$15,300	$27,200	$61,300	$102,200	$185,300
37311	N/A	N/A	N/A	N/A	N/A
37312	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cleveland, Polk County, Tennessee

In Cleveland, 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 annual tax bill. Various factors such as property location, size, and improvements can influence the assessed value. For Cleveland homeowners, the median property tax bill is significantly lower than the national median of $2,400, with the 75th percentile tax bill at $689 and the 90th percentile reaching $1,516. This can be a relief for homeowners but also highlights the importance of ensuring assessments are accurate.

Ownwell assists homeowners by reviewing property assessments to identify potential errors or overvaluations. By appealing incorrect assessments, Ownwell can help reduce tax bills, ensuring homeowners pay only their fair share. This service can be particularly beneficial for those in Cleveland, where even small adjustments to the assessed value can result in substantial savings. Partnering with Ownwell means peace of mind and potentially lower property tax expenses.

Property Tax Bills Across Cleveland, Polk County, Tennessee

Source: Ownwell

$45

$237

$428

Median Cleveland Tax Bill

$377

Median Polk County Tax Bill

$310

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Cleveland, Polk County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37323	$96	$171	$385	$642	$1,164
37311	N/A	N/A	N/A	N/A	N/A
37312	N/A	N/A	N/A	N/A	N/A

Source: Ownwell