Pleasant Shade, Smith County, Tennessee Property Taxes
The median property tax rate in Pleasant Shade, TN is 0.43%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Pleasant Shade, the typical annual property tax bill is $597, well below the national median of $2,690. Property taxes in Pleasant Shade 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 Pleasant Shade'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 Pleasant Shade 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
Pleasant Shade, Smith County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$599
$556
Ownwell’s Pleasant Shade Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant Shade with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Shade 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 Pleasant Shade, Smith County, Tennessee
Property taxes in Pleasant Shade, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Shade is 0.43%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Pleasant Shade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant Shade 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 Pleasant Shade's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37145 zip code has the highest median property tax rate of 0.43%, while the 37145 zip code also has the lowest median tax rate of 0.43%. Understanding how these cities compare with Pleasant Shade provides valuable insights into the varying tax landscape across Smith County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasant Shade Tax Rate
0.43%
Average Smith County Tax Rate
0.43%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Shade, Smith County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37145 | 0.43% | 0.43% | 0.43% | 0.43% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Shade, Smith County, Tennessee
In Pleasant Shade, 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 Smith 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 Pleasant Shade, 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 Pleasant Shade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 37145 at $597, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Pleasant Shade, Smith County, Tennessee
Source: Ownwell
$115,000
$149,650
$184,300
Average Pleasant Shade Assessed Value
$139,250
Average Smith County Assessed Value
$164,300
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pleasant Shade, Smith County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37145 | $28,740 | $59,275 | $139,250 | $209,800 | $278,350 |
Source: Ownwell
Property Tax Bills Across Pleasant Shade, Smith County, Tennessee
In Pleasant Shade, Smith County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, if the median home price is $139,250, the assessed value is a fraction of this amount, determined by local assessment ratios. The property tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the home's location, size, and condition. In Pleasant Shade, the tax bill can vary significantly, with the 25th percentile at $256 and the 75th percentile at $905. The highest median tax bill recorded in the area is $597.00, which is still below the national median property tax rate of 0.99%. For homeowners, these taxes fund essential public services such as schools, infrastructure, and emergency services. Understanding how these factors come together helps homeowners anticipate their financial obligations and plan accordingly.
Average Pleasant Shade Tax Bill
$597
Average Smith County Tax Bill
$769
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Shade, Smith County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37145 | $123 | $256 | $597 | $905 | $1,198 |
Source: Ownwell