Sunbright, Scott County, Tennessee Property Taxes
The median property tax rate in Sunbright, TN is 0.62%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $68,300 in Sunbright, the typical annual property tax bill is around $407, significantly below the national median of $2,690. Property taxes in Sunbright are calculated based on the tax assessed value, generally lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Sunbright'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 Sunbright or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sunbright, Scott County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$423
$393
Ownwell’s SUNBRIGHT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SUNBRIGHT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SUNBRIGHT 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 Sunbright, Scott County, Tennessee
Property taxes in Sunbright, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sunbright is 0.62%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Sunbright set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sunbright 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 Sunbright's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37872 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Sunbright provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sunbright Tax Rate
0.62%
Average Scott County Tax Rate
0.62%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sunbright, Scott County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37872 | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Sunbright, Scott County, Tennessee
In Sunbright, 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 local authorities 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 Sunbright, 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 Sunbright helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the region are both $407 in the zip code 37872, reflecting a consistent tax environment.
Property Tax Assessment Values Across Sunbright, Scott County, Tennessee
Source: Ownwell
$58,200
$99,000
$139,800
Average Sunbright Assessed Value
$68,300
Average Scott County Assessed Value
$69,000
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sunbright, Scott County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37872 | $14,660 | $23,875 | $68,300 | $124,475 | $171,150 |
Source: Ownwell
Property Tax Bills Across Sunbright, Scott County, Tennessee
In Sunbright, Tennessee, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners in this region, the median home price is $68,300. The tax rate in Sunbright is determined by local government and applied to the assessed value to calculate the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Sunbright can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $151, while the 75th percentile tax bill reaches $767. For those at the higher end, the 90th percentile tax bill can be as much as $1,055. Comparatively, the highest and lowest median tax bills in the county are both $407, reflecting some consistency within the area. These property taxes fund essential local services, such as schools and public safety, directly affecting the quality of life for residents.
Average Sunbright Tax Bill
$407
Average Scott County Tax Bill
$471
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Sunbright, Scott County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37872 | $90 | $151 | $407 | $767 | $1,055 |
Source: Ownwell