Crandall, Tennessee Property Taxes
The median property tax rate in Crandall, TN is 0.62%, 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 Crandall, the typical annual property tax bill reaches $132, significantly below the national median of $2,690. Property taxes in Crandall are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crandall's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Crandall or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crandall, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Crandall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crandall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crandall 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 Crandall, Tennessee
Property taxes in Crandall, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crandall is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Crandall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crandall 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 Crandall's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 30711 zip code has both the highest and lowest median property tax rate of 0.62%. Understanding how these cities compare with Crandall 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 Crandall Tax Rate
0.62%
Average Polk County Tax Rate
0.63%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crandall, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30711 | 0.61% | 0.62% | 0.62% | 0.62% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Crandall, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Crandall, Tennessee. 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 Polk County 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. Assessment notices in Crandall 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. For instance, the zip code 30711 has the highest and lowest median tax bill at $132. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crandall Assessed Value
$20,950
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 Crandall, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30711 | $6,670 | $12,025 | $20,950 | $29,875 | $35,230 |
Source: Ownwell
Property Tax Bills Across Crandall, Tennessee
In Crandall, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Crandall is $20,950. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners in Crandall, the property tax bill can vary significantly. At the 25th percentile, the tax bill is around $75, while at the 75th percentile, it reaches $188. Those in the 90th percentile see bills as high as $222. Comparatively, the national median property tax rate is 0.99%, but local rates in Crandall might differ, impacting the final amount owed. Understanding these factors helps homeowners anticipate their annual property tax liabilities and plan their finances accordingly.
Average Crandall Tax Bill
$132
Average Polk County Tax Bill
$310
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Crandall, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30711 | $42 | $75 | $132 | $188 | $222 |
Source: Ownwell