Delano, Polk County, Tennessee Property Taxes
The median property tax rate in Delano, TN is 0.63%, which is slightly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Delano at $65,200, the typical annual property tax bill amounts to $421, significantly below the national median of $2,690. Property taxes in Delano 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 Delano'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 Delano or another part of Polk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Delano, Polk County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$411
$381
Ownwell’s Delano Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delano with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delano 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 Delano, Polk County, Tennessee
Property taxes in Delano, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delano is 0.63%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Delano set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delano 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 Delano's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37325 zip code has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Delano 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 Delano 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 Delano, Polk County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37325 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Delano, Polk County, Tennessee
In Delano, 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 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. In Delano, 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 Delano helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Delano is $65,200, with tax bills ranging from $213 at the 25th percentile to $1,265 at the 90th percentile. The highest and lowest median tax bills, both $421, are found in the 37325 zip code.
Property Tax Assessment Values Across Delano, Polk County, Tennessee
Source: Ownwell
$7,200
$36,200
$65,200
Average Delano Assessed Value
$65,200
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 Delano, Polk County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37325 | $16,300 | $33,550 | $65,200 | $130,500 | $196,600 |
Source: Ownwell
Property Tax Bills Across Delano, Polk County, Tennessee
In Delano, Polk County, TN, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The median home price in Delano is $65,200. Tax rates are applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, homeowners in Delano might find themselves paying a tax bill ranging from $213 at the 25th percentile to $826 at the 75th percentile, with the 90th percentile reaching up to $1,265. The highest and lowest median tax bills in the area are both $421, indicating a relatively consistent tax rate across different properties. These property taxes significantly impact homeowners, as they are a recurring expense that must be budgeted for annually. Understanding how these taxes are calculated and what factors influence them can help homeowners better manage their finances and anticipate future tax liabilities.
Average Delano Tax Bill
$421
Average Polk County Tax Bill
$310
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Delano, Polk County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37325 | $102 | $213 | $421 | $826 | $1,265 |
Source: Ownwell