Joelton, Tennessee Property Taxes
The median property tax rate in Joelton, TN is 0.64%, which is lower than the national median of 0.99% and matches the Tennessee state median of 0.64%. With the median home value in Joelton at $261,500, the typical annual property tax bill amounts to $1,572, significantly under the national median of $2,690. Property taxes in Joelton are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Joelton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Joelton 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
Joelton, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,674
Ownwell’s Joelton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Joelton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Joelton 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 Joelton, Tennessee
Property taxes in Joelton, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Joelton is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Joelton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Joelton 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 Joelton's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37080 zip code has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Joelton 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 Joelton 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 Joelton, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37080 | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Joelton, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Joelton, 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 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 Joelton, 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 Joelton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Joelton is $1,572 in the 37080 zip code, while the lowest median tax bill is also $1,572 in the same zip code. This consistency can help homeowners anticipate their tax obligations more accurately.
Average Joelton Assessed Value
$261,500
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 Joelton, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37080 | $146,720 | $217,400 | $261,500 | $306,000 | $410,070 |
Source: Ownwell
Property Tax Bills Across Joelton, Tennessee
In Joelton, located in Robertson County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Joelton is $261,500. Homeowners can expect their tax bills to vary depending on their property's assessed value and the local tax rate. For instance, the 25th percentile tax bill is around $1,400, while the 75th percentile reaches $1,965, and the 90th percentile can go up to $2,641. Compared to the national median property tax rate of 0.99%, Joelton's tax rates are relatively moderate. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the tax bill. Homeowners in Joelton should be aware that these taxes fund essential public services like schools, emergency services, and infrastructure. By understanding how their property tax bill is determined, residents can better anticipate their annual expenses and plan accordingly.
Average Joelton Tax Bill
$1,572
Average Robertson County Tax Bill
$1,400
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Joelton, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37080 | $945 | $1,400 | $1,572 | $1,965 | $2,641 |
Source: Ownwell