Arlington, Shelby County, Tennessee Property Taxes
The median property tax rate in Arlington, Tennessee is 1.17%, considerably higher than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Arlington at $288,400, the typical annual property tax bill reaches $3,256, exceeding the national median of $2,690. Property taxes in Arlington 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 Arlington'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 Arlington 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
Arlington, Shelby County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$3,374
$3,131
Ownwell’s Arlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arlington 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 Arlington, Shelby County, Tennessee
Property taxes in Arlington, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlington is 1.17%, significantly higher than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Arlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arlington 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 Arlington's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38002 zip code has both the highest and lowest median property tax rate of 1.17%. Understanding how these areas compare with Arlington provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arlington Tax Rate
1.17%
Average Shelby County Tax Rate
1.52%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arlington, Shelby County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38002 | 0.85% | 0.85% | 1.17% | 1.17% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Arlington, Shelby County, Tennessee
In Arlington, 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 Shelby County Appraisal District 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 Arlington, 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 Arlington 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 area are both $3,256, found in the 38002 zip code.
Property Tax Assessment Values Across Arlington, Shelby County, Tennessee
Source: Ownwell
$34,300
$261,525
$488,750
Average Arlington Assessed Value
$288,400
Average Shelby County Assessed Value
$147,100
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arlington, Shelby County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38002 | $160,060 | $221,500 | $288,400 | $374,100 | $454,920 |
Source: Ownwell
Property Tax Bills Across Arlington, Shelby County, Tennessee
Property tax bills in Arlington, located in Shelby County, TN, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For homeowners in Arlington, the median home price stands at $288,400. This value is used to estimate the property tax bill, which can vary significantly. Tax bills in Arlington range widely, with the 25th percentile at $2,534 and the 75th percentile at $4,133. At the higher end, the 90th percentile tax bill reaches $4,804. The highest median tax bill in Arlington's zip code 38002 is $3,256, which is above the national median property tax rate of 0.99%. These figures indicate that homeowners in Arlington may face property taxes that are relatively high compared to other regions. The assessed property value and the tax rate directly impact the amount homeowners need to pay, influencing their overall financial planning and homeownership costs.
Average Arlington Tax Bill
$3,256
Average Shelby County Tax Bill
$1,907
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Arlington, Shelby County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38002 | $1,844 | $2,534 | $3,256 | $4,133 | $4,804 |
Source: Ownwell