Lascassas, Tennessee Property Taxes
The median property tax rate in Lascassas, TN is 0.47%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Lascassas at $422,850, the typical annual property tax bill amounts to $1,990, which is below the national median of $2,690. Property taxes in Lascassas are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Lascassas’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 Lascassas 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
Lascassas, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Lascassas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lascassas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lascassas 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 Rutherford County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Lascassas, Tennessee
Property taxes in Lascassas, Tennessee, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Lascassas is 0.47%, which is lower than the U.S. national median of 0.99%. Local government entities within Lascassas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lascassas 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 Lascassas' effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 37085 has both the highest and lowest median property tax rate of 0.47%. Understanding how these areas compare with Lascassas 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 Lascassas Tax Rate
0.47%
Average Rutherford County Tax Rate
0.60%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lascassas, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37085 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Lascassas, Tennessee
In Lascassas, 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 Lascassas, 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 Lascassas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Lascassas is $1990.00, found in the 37085 zip code. The lowest median tax bill is also $1990.00 in the same zip code.
Average Lascassas Assessed Value
$422,850
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 Lascassas, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37085 | $273,760 | $326,200 | $422,850 | $519,700 | $660,210 |
Source: Ownwell
Property Tax Bills Across Lascassas, Tennessee
In Lascassas, property tax bills are calculated based on the assessed value of a home, which is determined by the Rutherford County Assessor's office. The assessed value is typically a percentage of the property's market value. For instance, if the median home price in Lascassas is $422,850, the assessed value is a fraction of this amount. The property tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Lascassas can expect their tax bills to vary. For example, the tax bill at the 25th percentile is $1,527, while at the 75th percentile, it is $2,426. The 90th percentile tax bill reaches $3,074, reflecting the range of property values and corresponding tax obligations. This system ensures that property taxes are proportionate to the property's value, impacting homeowners by requiring higher payments for more valuable properties. Comparatively, the national median property tax rate is 0.99%, providing a benchmark for understanding local tax rates.
Average Lascassas Tax Bill
$1,990
Average Rutherford County Tax Bill
$1,892
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Lascassas, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37085 | $1,281 | $1,527 | $1,990 | $2,426 | $3,074 |
Source: Ownwell