Hudson, Tennessee Property Taxes
The median property tax rate in Hudson, TN is 0.63%, slightly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Hudson at $13,600, the typical annual property tax bill is around $85, which is significantly less than the national median of $2,690. Property taxes in Hudson are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hudson'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 Hudson 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
Hudson, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$86
$80
Ownwell’s Hudson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hudson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hudson 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 Hudson, Tennessee
Property taxes in Hudson, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hudson is 0.71%, lower than both the Tennessee state median of 0.71% and the U.S. national median of 0.99%. Local government entities within Hudson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hudson 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 Hudson's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37604 zip code has the highest median property tax rate of 0.71%, while the 37604 zip code has the lowest median tax rate of 0.71%. Understanding how these cities compare with Hudson provides valuable insights into the varying tax landscape across 47139, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hudson 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 Hudson, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34669 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Hudson, Tennessee
In Hudson, 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 Hudson, 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 Hudson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hudson is $13,600, with tax bills ranging from $67 at the 25th percentile to $91 at the 90th percentile.
Average Hudson Assessed Value
$13,600
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 Hudson, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34669 | $10,160 | $10,700 | $13,600 | $13,900 | $14,560 |
Source: Ownwell
Property Tax Bills Across Hudson, Tennessee
In Hudson, TN, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Homeowners in Hudson pay property taxes according to this assessed value, multiplied by the local tax rate set by Polk County. Several factors influence the final tax bill, including property size, location, and any improvements made to the property. For instance, the median home price in Hudson is $13,600, and property tax bills can range significantly. At the 25th percentile, homeowners might pay around $67, while those at the 75th percentile could see bills closer to $87. The top 10% of property tax bills can reach up to $91. Compared to the national median property tax rate of 0.99%, Hudson offers relatively affordable property tax rates, which can be a financial relief for homeowners. Understanding how these taxes are calculated helps residents anticipate their annual expenses and plan their finances accordingly.
Average Hudson Tax Bill
$85
Average Polk County Tax Bill
$310
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Hudson, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34669 | $64 | $67 | $85 | $87 | $91 |
Source: Ownwell