Murfreesboro, Rutherford County, Tennessee Property Taxes

Name: Property Tax Bills Across Murfreesboro, Rutherford County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Murfreesboro, TN effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Murfreesboro, TN home value: $327,200
Median annual Murfreesboro, TN tax bill: $2,041, $359 lower than the national median property tax bill of $2,400.

How are property taxes in Rutherford calculated?

Property taxes in Murfreesboro, TN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Murfreesboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Murfreesboro, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Murfreesboro, Rutherford County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.71%

Estimate Property Tax Bill

$2,323

$2,156

Ownwell’s Murfreesboro Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Murfreesboro with just two data points. By entering your property's estimated assessed value, our calculator applies Murfreesboro’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Rutherford County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Murfreesboro, Rutherford County, Tennessee

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Murfreesboro’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.

Murfreesboro, located in Rutherford County, has a median property tax rate that aligns closely with the highest in its county. With a median rate of 0.71%, it is significantly lower than the national median of 1.02%. This means property owners in Murfreesboro enjoy relatively lower property tax bills compared to the national average. The tax rate in Murfreesboro is also higher than some areas within the county, where rates can dip as low as 0.47%. Understanding these rates can empower property owners to make informed decisions and potentially reduce their tax burden through appeals or exemptions.

Property Tax Rates Across Murfreesboro, Rutherford County, Tennessee

Source: Ownwell

0.47%

0.59%

0.71%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Murfreesboro Tax Rate

0.71%

Median Effective Rutherford County Tax Rate

0.60%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Murfreesboro, Rutherford County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37127	0.47%	0.47%	0.47%	0.71%	0.71%
37128	0.47%	0.47%	0.71%	0.71%	0.71%
37129	0.47%	0.47%	0.47%	0.71%	0.71%
37130	0.47%	0.52%	0.71%	0.71%	0.71%

Source: Ownwell

Property Tax Assessment Values Across Murfreesboro, Rutherford County, Tennessee

When examining property taxes in Murfreesboro, TN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Rutherford County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Rutherford County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Murfreesboro. For example, the median home price in Murfreesboro is $327,200, with tax bills ranging significantly across the county. Zip code 37128 has the highest median home price at $342,950.

Property Tax Assessment Values Across Murfreesboro, Rutherford County, Tennessee

Source: Ownwell

$266,200

$375,650

$485,100

Median Murfreesboro Market Value

$327,200

Median Rutherford County Market Value

$316,800

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Murfreesboro, Rutherford County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37127	$224,320	$267,050	$333,600	$401,800	$489,080
37128	$241,400	$277,700	$342,950	$427,400	$514,500
37129	$222,800	$266,300	$333,400	$434,300	$544,400
37130	$179,000	$224,700	$282,000	$393,300	$546,000

Source: Ownwell

Property Tax Bills Across Murfreesboro, Rutherford County, Tennessee

In Murfreesboro, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Various factors, such as property location and market conditions, can influence the assessed value. Homeowners in Rutherford County typically experience tax bills that vary significantly, with the 25th percentile tax bill at $1,546 and the 90th percentile reaching up to $3,364. The highest median tax bill in the area is $2,203 in the 37128 zip code, while the lowest is $1,828 in the 37127 zip code. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Murfreesboro homeowners may find their tax obligations relatively moderate. Ownwell offers valuable assistance by identifying potential savings through property tax appeals and exemptions, helping homeowners reduce their tax burdens and ensure they are not overpaying.

Property Tax Bills Across Murfreesboro, Rutherford County, Tennessee

Source: Ownwell

$1,340

$2,124

$2,907

Median Murfreesboro Tax Bill

$2,041

Median Rutherford County Tax Bill

$1,892

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Murfreesboro, Rutherford County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37127	$1,176	$1,471	$1,828	$2,536	$3,118
37128	$1,431	$1,790	$2,203	$2,771	$3,336
37129	$1,152	$1,415	$1,950	$2,699	$3,330
37130	$1,116	$1,419	$1,868	$2,660	$3,683

Source: Ownwell