La Vergne, Tennessee Property Taxes
The median property tax rate in LA VERGNE, TN is 0.60%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in LA VERGNE at $266,200, the typical annual property tax bill is $1,614, well below the national median of $2,690. Property taxes in LA VERGNE are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding LA VERGNE'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 LA VERGNE or another part of Rutherford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Vergne, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,597
$1,482
Ownwell’s LA VERGNE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA VERGNE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA VERGNE 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 La Vergne, Tennessee
Property taxes in LA VERGNE, Tennessee, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in LA VERGNE is 0.60%, which is below the U.S. national median of 0.99%. Local government entities within LA VERGNE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA VERGNE 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 LA VERGNE's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37086 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with LA VERGNE provides valuable insights into the varying tax landscape across Rutherford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Vergne Tax Rate
0.60%
Average Rutherford County Tax Rate
0.60%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Vergne, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37086 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across La Vergne, Tennessee
In LA VERGNE, 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 Rutherford County Property 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 LA VERGNE, 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 LA VERGNE 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 bill in LA VERGNE is 37086, with a median tax bill of $1,614.
Average La Vergne Assessed Value
$266,200
Average Rutherford County Assessed Value
$316,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Vergne, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37086 | $207,500 | $233,300 | $266,200 | $311,900 | $373,420 |
Source: Ownwell
Property Tax Bills Across La Vergne, Tennessee
In La Vergne, located in Rutherford County, TN, property tax bills are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value to determine the annual property tax bill. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Several factors influence the final tax bill, including the property's location, size, and any improvements made. For instance, the median home price in La Vergne is $266,200, which directly impacts the assessed value and, consequently, the tax bill. Homeowners in the 25th percentile can expect a tax bill around $1,410, while those in the 75th percentile might see bills up to $1,890. The highest median tax bill in the area is $1,614, consistent across the zip code 37086. These property taxes fund essential community services such as public schools, infrastructure maintenance, and emergency services, making them a crucial aspect of homeownership in La Vergne.
Average La Vergne Tax Bill
$1,614
Average Rutherford County Tax Bill
$1,892
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across La Vergne, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37086 | $1,242 | $1,410 | $1,614 | $1,890 | $2,252 |
Source: Ownwell