Goodlettsville, Tennessee Property Taxes
The median property tax rate in Goodlettsville, TN is 0.80%, which is lower than the national median of 0.99% but higher than the Tennessee state median of 0.64%. With a median home value of $183,000 in Goodlettsville, the typical annual property tax bill is around $1,500, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Goodlettsville'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 Goodlettsville 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
Goodlettsville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,464
Ownwell’s Goodlettsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goodlettsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goodlettsville 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 Goodlettsville, Tennessee
Property taxes in Goodlettsville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goodlettsville is 0.80%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Goodlettsville set these rates annually, and they can vary across different neighborhoods. Each year, Goodlettsville 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 Goodlettsville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37072 zip code has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with Goodlettsville 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 Goodlettsville Tax Rate
0.80%
Average Robertson County Tax Rate
0.64%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goodlettsville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37072 | 0.64% | 0.64% | 0.80% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Goodlettsville, Tennessee
In Goodlettsville, 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 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 Goodlettsville, 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 Goodlettsville is $183,000, with tax bills ranging from $1,075 at the 25th percentile to $2,315 at the 90th percentile. The zip code 37072 has both the highest and lowest median tax bills at $1,500. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Goodlettsville, Tennessee
Source: Ownwell
$154,800
$208,150
$261,500
Average Goodlettsville Assessed Value
$183,000
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 Goodlettsville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37072 | $105,140 | $144,000 | $183,000 | $236,300 | $307,800 |
Source: Ownwell
Property Tax Bills Across Goodlettsville, Tennessee
In Goodlettsville, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $183,000, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors that influence the tax bill include the home's location within Robertson County, any applicable exemptions, and the specific tax rate set by local authorities. The tax bill can range significantly, with the 25th percentile at $1,075 and the 75th percentile at $1,845. The highest median tax bill in the area is $1,500, found in the 37072 zip code. For homeowners, understanding these factors is crucial as property taxes can impact overall housing affordability. Comparing these rates to the national median property tax rate of 0.99% can help homeowners gauge their relative tax burden.
Average Goodlettsville Tax Bill
$1,500
Average Robertson County Tax Bill
$1,400
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Goodlettsville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37072 | $730 | $1,075 | $1,500 | $1,845 | $2,315 |
Source: Ownwell