Bartlett, Shelby County, Tennessee Property Taxes
The median property tax rate in Bartlett, TN is 1.28%, significantly higher than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Bartlett at $226,500, the typical annual property tax bill reaches $2,902, exceeding the national median of $2,690. Property taxes in Bartlett 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 Bartlett'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 Bartlett 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
Bartlett, Shelby County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$2,899
$2,690
Ownwell’s Bartlett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bartlett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bartlett 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 Bartlett, Shelby County, Tennessee
Property taxes in Bartlett, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bartlett is 1.28%, higher than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Bartlett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bartlett 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 Bartlett's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 38002 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Bartlett 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 Bartlett Tax Rate
1.28%
Average Shelby County Tax Rate
1.52%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bartlett, Shelby County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38002 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
| 38133 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
| 38134 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
| 38135 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Bartlett, Shelby County, Tennessee
In Bartlett, 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 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 Bartlett, 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 Bartlett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bartlett stands at $226,500. The highest median tax bill is $3,564 in the 38002 zip code, while the lowest median tax bill is $2,313 in the 38134 zip code. By understanding these figures, property owners can better anticipate their tax obligations and explore potential savings.
Property Tax Assessment Values Across Bartlett, Shelby County, Tennessee
Source: Ownwell
$34,300
$261,525
$488,750
Average Bartlett Assessed Value
$226,500
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 Bartlett, Shelby County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38002 | $215,070 | $244,400 | $278,750 | $328,500 | $363,630 |
| 38133 | $171,200 | $203,800 | $259,700 | $318,950 | $390,640 |
| 38134 | $142,800 | $161,000 | $180,000 | $206,800 | $233,340 |
| 38135 | $162,520 | $191,000 | $229,500 | $276,300 | $315,300 |
Source: Ownwell
Property Tax Bills Across Bartlett, Shelby County, Tennessee
In Bartlett, located in Shelby County, TN, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. Homeowners in Bartlett see a range of property tax bills, with the 25th percentile paying around $2,335, while those in the 75th percentile face bills closer to $3,601. The highest median tax bill in the area reaches $3,564 in the 38002 zip code, whereas the lowest stands at $2,313 in the 38134 zip code. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions. For instance, a home with a median market price of $226,500 will have a tax bill that reflects both the assessed value and the local tax rate. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby enhancing community quality of life. Compared to the national median property tax rate of 0.99%, Bartlett's property taxes can vary widely, affecting homeowners differently based on their specific circumstances.
Average Bartlett Tax Bill
$2,902
Average Shelby County Tax Bill
$1,907
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Bartlett, Shelby County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38002 | $2,739 | $3,126 | $3,564 | $4,205 | $4,650 |
| 38133 | $2,205 | $2,614 | $3,329 | $4,082 | $4,999 |
| 38134 | $1,859 | $2,076 | $2,313 | $2,655 | $2,996 |
| 38135 | $2,079 | $2,443 | $2,938 | $3,538 | $4,044 |
Source: Ownwell