Cumberland City, Stewart County, Tennessee Property Taxes
Median Cumberland City, TN effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Cumberland City, TN home value: $94,500
Median annual Cumberland City, TN tax bill: $592, $1,808 lower than the national median property tax bill of $2,400.
How are property taxes in Stewart County calculated?
Property taxes in Cumberland City, TN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Cumberland City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cumberland City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cumberland City, Stewart County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$558
$517
Property Tax Rates Across Cumberland City, Stewart County, Tennessee
Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Cumberland City, located in Stewart County, the effective property tax rate stands at 0.59%, which is significantly lower than the national median property tax rate of 1.02%. This makes Cumberland City an attractive location for property owners seeking lower tax burdens. When compared to other cities in Tennessee, Cumberland City's rate is quite competitive, aligning with the state's overall trend of maintaining relatively low property tax rates. This is beneficial for homeowners who wish to maximize their property investment while minimizing their annual tax expenses. By understanding these rates, property owners in Cumberland City can make informed decisions about their real estate investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cumberland City Tax Rate
0.59%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Stewart County Tax Rate
0.59%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cumberland City, Stewart County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37050 | 0.59% | 0.59% | 0.59% | 0.77% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Cumberland City, Stewart County, Tennessee
When examining property taxes in Cumberland City, TN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Stewart County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Stewart County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cumberland City. For example, the median home price in Cumberland City is $94,500, with tax bills ranging significantly across the county. Zip code 37050 has the highest median home price at $94,500.
Property Tax Assessment Values Across Cumberland City, Stewart County, Tennessee
Source: Ownwell
$68,400
$95,500
$122,600
Median Cumberland City Market Value
$94,500
Median Stewart County Market Value
$102,200
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cumberland City, Stewart County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37050 | $26,500 | $52,100 | $94,500 | $151,650 | $226,800 |
Source: Ownwell
Property Tax Bills Across Cumberland City, Stewart County, Tennessee
Median Cumberland City Tax Bill
$592
Median Stewart County Tax Bill
$644
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Cumberland City, Stewart County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37050 | $159 | $367 | $592 | $968 | $1,551 |
Source: Ownwell