Cedar Hill, Tennessee Property Taxes
The median property tax rate in Cedar Hill, TN is 0.64%, which aligns with the Tennessee state median but is significantly lower than the national median of 0.99%. With a median home value of $180,500, the typical annual property tax bill in Cedar Hill is around $1,168, considerably below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, generally lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Cedar Hill'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 Cedar Hill 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
Cedar Hill, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,155
Ownwell’s Cedar Hill Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cedar Hill using just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Cedar Hill to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, offering peace of mind and financial clarity. For those interested in more granular insights, scroll down to discover trends at the neighborhood level. Your property’s assessed value, determined by Robertson County, is used for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Cedar Hill, Tennessee
Property taxes in Cedar Hill, Tennessee are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Cedar Hill is 0.64%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Cedar Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar Hill 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 Cedar Hill's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37032 zip code has the highest median property tax rate of 0.64%, while the 37032 zip code also has the lowest median tax rate of 0.64%. Understanding how these areas compare with Cedar Hill 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 Cedar Hill 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 Cedar Hill, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37032 | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Hill, Tennessee
In Cedar Hill, 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 local authorities 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 Cedar Hill, 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. The median home price in Cedar Hill is $180,500, with tax bills ranging from $784 at the 25th percentile to $2,438 at the 90th percentile. The zip code with both the highest and lowest median tax bills is 37032, with a median tax bill of $1,168. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cedar Hill Assessed Value
$180,500
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 Cedar Hill, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37032 | $80,370 | $121,225 | $180,500 | $278,000 | $378,850 |
Source: Ownwell
Property Tax Bills Across Cedar Hill, Tennessee
In Cedar Hill, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, a home with a median price of $180,500 would have its assessed value determined by local assessment rates. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as local tax rates, property value, and any applicable exemptions play a significant role in determining the final amount. Homeowners in Cedar Hill can expect their property tax bills to vary widely. For instance, tax bills at the 25th percentile are around $784, while those at the 75th percentile reach up to $1,793. At the 90th percentile, tax bills can be as high as $2,438. Compared to the national median property tax rate of 0.99%, Cedar Hill's tax rates offer a glimpse into the local economic landscape, affecting homeowners' annual financial obligations. The highest and lowest median tax bills in Cedar Hill's zip code 37032 both stand at $1,168, indicating a relatively consistent tax burden within that area.
Average Cedar Hill Tax Bill
$1,168
Average Robertson County Tax Bill
$1,400
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Hill, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37032 | $525 | $784 | $1,168 | $1,793 | $2,438 |
Source: Ownwell