Sequatchie County Property Taxes
The median property tax rate in Sequatchie County is 0.80%, which is higher than the Tennessee state median of 0.64%, yet still below the national median of 0.99%. With a median home value of $109,600, the typical annual property tax bill in Sequatchie County is around $939, significantly less than the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Sequatchie County's property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Dunlap or another part of Sequatchie County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sequatchie County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$877
Ownwell’s Sequatchie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sequatchie with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sequatchie to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Sequatchie County, Tennessee
Property taxes in Sequatchie County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sequatchie County is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Sequatchie County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sequatchie County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of McMinnville has one of the higher property tax rates in Tennessee at 0.85%, while the city of Spencer boasts one of the lowest at 0.64%. Analyzing how Sequatchie County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sequatchie County Tax Rate
0.80%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sequatchie County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dunlap | 0.70% | 0.75% | 0.84% | 1.02% | 1.13% |
| Graysville | 0.67% | 0.71% | 0.75% | 0.80% | 0.84% |
| Mcminnville | 0.74% | 0.82% | 0.85% | 1.04% | 1.18% |
| Palmer | 0.64% | 0.71% | 0.78% | 0.83% | 0.87% |
| Signal Mountain | 0.70% | 0.73% | 0.77% | 0.83% | 0.89% |
| Signal Mtn | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
| Soddy Daisy | 0.66% | 0.70% | 0.74% | 0.77% | 0.81% |
| Spencer | 0.55% | 0.62% | 0.64% | 0.66% | 0.70% |
| Whitwell | 0.67% | 0.72% | 0.76% | 0.82% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Sequatchie County, Tennessee
In Sequatchie County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Sequatchie County Appraisal District. The assessed value, however, 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. Assessment notices in Sequatchie County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Spencer has the highest median tax bill at $1,834, while Signal Mtn has the lowest at $278. Being aware of these valuation processes in Sequatchie County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Sequatchie County, Tennessee
Source: Ownwell
$35,700
$148,600
$261,500
Average Sequatchie County Assessed Value
$109,600
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sequatchie County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dunlap | $39,000 | $66,900 | $104,600 | $173,700 | $276,400 |
| Graysville | $63,830 | $92,300 | $133,000 | $212,025 | $300,770 |
| Mcminnville | $34,680 | $39,900 | $68,100 | $77,700 | $132,900 |
| Palmer | $24,340 | $47,600 | $75,500 | $95,500 | $128,380 |
| Signal Mountain | $46,400 | $79,800 | $139,800 | $278,400 | $414,800 |
| Signal Mtn | $35,700 | $35,700 | $35,700 | $35,700 | $35,700 |
| Soddy Daisy | $57,540 | $91,000 | $126,400 | $187,800 | $248,640 |
| Spencer | $160,500 | $239,850 | $261,500 | $300,650 | $911,720 |
| Whitwell | $28,220 | $57,450 | $99,700 | $154,750 | $229,740 |
Source: Ownwell
Property Tax Bills Across Sequatchie County, Tennessee
In Sequatchie County, TN, property tax bills are determined by assessing the market value of a property and then applying the local tax rate. The assessed value is a percentage of the market value, and this figure is then multiplied by the tax rate set by local authorities to calculate the annual tax bill. Key factors influencing the tax bill include the property's location, size, and condition. For instance, a home in Spencer, where the highest median tax bill is $1,834, will likely have a higher assessed value compared to a home in Signal Mtn, which has the lowest median tax bill at $278. Homeowners in Sequatchie County can expect their property tax bills to vary widely. The 25th percentile tax bill is $624, while the 75th percentile reaches $1,492, and the 90th percentile climbs to $2,319. These variations reflect differences in property values and local tax rates. Compared to the national median property tax rate of 0.99%, property taxes in Sequatchie County can be relatively moderate, offering some financial relief to homeowners.
Average Sequatchie County Tax Bill
$939
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Sequatchie County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dunlap | $333 | $630 | $942 | $1,462 | $2,185 |
| Graysville | $465 | $724 | $1,017 | $1,570 | $2,248 |
| Mcminnville | $319 | $414 | $659 | $866 | $1,054 |
| Palmer | $186 | $408 | $529 | $720 | $1,007 |
| Signal Mountain | $365 | $627 | $1,057 | $2,191 | $3,353 |
| Signal Mtn | $278 | $278 | $278 | $278 | $278 |
| Soddy Daisy | $386 | $673 | $951 | $1,322 | $1,693 |
| Spencer | $1,578 | $1,727 | $1,834 | $1,995 | $5,461 |
| Whitwell | $219 | $463 | $770 | $1,167 | $1,781 |
Source: Ownwell