Greenbrier, Tennessee Property Taxes
The median property tax rate in Greenbrier, 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 $188,600 in Greenbrier, the typical annual property tax bill amounts to $1,645, which is below the national median of $2,690. Property taxes in Greenbrier 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 Greenbrier'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 Greenbrier 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
Greenbrier, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,509
$1,400
Ownwell’s Greenbrier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenbrier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenbrier 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 Robertson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Greenbrier, Tennessee
Property taxes in Greenbrier, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenbrier is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Greenbrier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenbrier 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 Greenbrier's effective property tax rate to other areas in Tennessee and the national median. For comparison, the 37073 zip code, which encompasses Greenbrier, has a median property tax rate of 0.80%. Understanding how these figures compare with Greenbrier 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 Greenbrier 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 Greenbrier, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37073 | 0.64% | 0.64% | 0.80% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Greenbrier, Tennessee
In Greenbrier, 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. Assessment notices in Greenbrier 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 Greenbrier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 37073, with a median tax bill of $1,645.
Average Greenbrier Assessed Value
$188,600
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 Greenbrier, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37073 | $93,540 | $132,900 | $188,600 | $274,000 | $369,380 |
Source: Ownwell
Property Tax Bills Across Greenbrier, Tennessee
In Greenbrier, located in Robertson County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the annual property tax bill. For instance, if the median home price in Greenbrier is $188,600, the tax bill can vary significantly. Homeowners at the 25th percentile might pay around $1,086 annually, while those at the 75th percentile could see bills as high as $2,262. At the 90th percentile, tax bills can reach up to $2,924. These tax bills are crucial for homeowners as they directly impact their annual housing costs. Compared to the national median property tax rate of 0.99%, Greenbrier's property taxes can be relatively moderate, but they still represent a significant expense that homeowners must budget for each year. Understanding these factors helps homeowners anticipate and manage their financial obligations effectively.
Average Greenbrier Tax Bill
$1,645
Average Robertson County Tax Bill
$1,400
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenbrier, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37073 | $762 | $1,086 | $1,645 | $2,262 | $2,924 |
Source: Ownwell