Adams, Tennessee Property Taxes
The median property tax rate in Adams, TN is 0.64%, aligning with the Tennessee state median but notably lower than the national median of 0.99%. With a median home value of $154,800 in Adams, the typical annual property tax bill is approximately $1,032, which is significantly less than the national median of $2,690. Property taxes in Adams are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Adams' property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Adams or another part of the city, gaining insights into the local property tax system is advantageous for managing expenses effectively.
Last Updated June 14, 2024
Adams, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$991
$919
Ownwell’s Adams Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Adams with just two simple data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Adams to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan and budget effectively. For those interested in more granular insights, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions, ensuring a precise calculation.
Property Tax Rates Across Adams, Tennessee
Property taxes in Adams, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adams is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Adams set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adams 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 Adams's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37010 has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Adams provides valuable insights into the varying tax landscape across Robertson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adams Tax Rate
0.64%
Average Robertson County Tax Rate
0.64%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adams, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37010 | 0.64% | 0.64% | 0.64% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Adams, Tennessee
In Adams, 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 Robertson County Assessor 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 Adams, 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 Adams helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both at $1032, are found in the 37010 zip code.
Average Adams Assessed Value
$154,800
Average Robertson County Assessed Value
$178,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adams, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37010 | $62,000 | $95,500 | $154,800 | $254,200 | $412,500 |
Source: Ownwell
Property Tax Bills Across Adams, Tennessee
Property tax bills in Adams, located in Robertson County, TN, are determined by assessing the value of a property and applying the applicable tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $154,800, homeowners in Adams can expect varying tax bills depending on their property's assessed value and specific circumstances. The 25th percentile of tax bills is around $677, while the 75th percentile reaches $1698, and the 90th percentile can go up to $2659. These variations are influenced by factors like property improvements, location, and market trends. Compared to the national median property tax rate of 0.99%, Adams offers relatively affordable property tax rates, making it an attractive option for homeowners. Understanding these factors helps homeowners budget for their tax obligations and plan for future financial needs.
Average Adams Tax Bill
$1,032
Average Robertson County Tax Bill
$1,400
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Adams, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37010 | $431 | $677 | $1,032 | $1,698 | $2,659 |
Source: Ownwell