Nolensville, Tennessee Property Taxes
The median property tax rate in Nolensville, TN is 0.60%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Nolensville at $485,100, the typical annual property tax bill reaches $2,907, slightly exceeding the national median of $2,690. Property taxes in Nolensville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Nolensville'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 Nolensville 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
Nolensville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$2,911
$2,701
Ownwell’s Nolensville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nolensville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nolensville 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 Nolensville, Tennessee
Property taxes in Nolensville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nolensville is 0.60%, lower than the U.S. national median of 0.99%. Local government entities within Nolensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nolensville 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 Nolensville's effective property tax rate to other areas in Tennessee and the national median. For comparison, the 37135 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these areas compare with Nolensville 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 Nolensville 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 Nolensville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37135 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Nolensville, Tennessee
In Nolensville, 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 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 Nolensville, 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 Nolensville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest and lowest median tax bill in Nolensville is 37135, with a median tax bill of $2,907.
Average Nolensville Assessed Value
$485,100
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 Nolensville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37135 | $351,780 | $414,400 | $485,100 | $543,725 | $602,270 |
Source: Ownwell
Property Tax Bills Across Nolensville, Tennessee
In Nolensville, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners, this means that the tax bill is directly influenced by the property's market price. With a median home price of $485,100, the assessed value is determined by local tax authorities and then multiplied by the local tax rate to calculate the final tax bill. Factors such as property size, location, and any improvements made to the home can also affect the assessed value. Homeowners in Nolensville can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $2,444, while the 75th percentile reaches $3,250. For those in the 90th percentile, the tax bill can be as high as $3,630. Compared to the national median property tax rate of 0.99%, homeowners in Nolensville may find their tax obligations to be relatively moderate, depending on the specific assessed value of their property. This system ensures that property taxes are proportionate to the value of the home, impacting homeowners' annual financial planning.
Average Nolensville Tax Bill
$2,907
Average Rutherford County Tax Bill
$1,892
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Nolensville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37135 | $2,109 | $2,444 | $2,907 | $3,250 | $3,630 |
Source: Ownwell