Sandy Springs, Tennessee Property Taxes
The median property tax rate in Sandy Springs, TN is 0.63%, slightly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $24,200 in Sandy Springs, the typical annual property tax bill is $152, significantly below the national median of $2,690. Property taxes in Sandy Springs are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Sandy Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sandy Springs or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sandy Springs, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$152
$141
Ownwell’s Sandy Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sandy Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sandy Springs 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 Sandy Springs, Tennessee
Property taxes in Sandy Springs, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sandy Springs is 0.63%, lower than the U.S. national median of 0.99%. Local government entities within Sandy Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sandy Springs 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 Sandy Springs' effective property tax rate to other counties in Tennessee and the national median. For comparison, the 30350 zip code has the highest median property tax rate of 0.63%, while the same 30350 zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Sandy Springs 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 Sandy Springs 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 Sandy Springs, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30350 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Sandy Springs, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sandy Springs, 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. In Sandy Springs, 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. For example, the highest median tax bill in Sandy Springs is $152 in the 30350 zip code, while the lowest median tax bill is also $152 in the same zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sandy Springs Assessed Value
$24,200
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 Sandy Springs, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30350 | $24,200 | $24,200 | $24,200 | $24,200 | $24,200 |
Source: Ownwell
Property Tax Bills Across Sandy Springs, Tennessee
In Sandy Springs, TN, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. Various factors influence this value, including the property's location, size, and condition. Once the assessed value is established, the local tax rate, known as the mill rate, is applied. Sandy Springs has a relatively low median property tax bill of $152, which is significantly below the national median property tax rate of 0.99%. This low tax burden can be attributed to the lower median home price of $24,200 in the area. Homeowners in Sandy Springs benefit from this low property tax rate, which makes homeownership more affordable compared to other regions. However, it’s important for homeowners to be aware of their property's assessed value and ensure it is accurate, as this directly impacts their annual tax bill. Regularly reviewing and, if necessary, appealing the assessed value can result in substantial savings.
Average Sandy Springs Tax Bill
$152
Average Polk County Tax Bill
$310
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Sandy Springs, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30350 | $152 | $152 | $152 | $152 | $152 |
Source: Ownwell