Millington, Tipton County, Tennessee Property Taxes

Name: Property Tax Bills Across Millington, Tipton County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Millington, TN effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Millington, TN home value: $142,950
Median annual Millington, TN tax bill: $734, $1,666 lower than the national median property tax bill of $2,400.

How are property taxes in Tipton calculated?

Property taxes in Millington, 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 Millington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Millington, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Millington, Tipton County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.51%

Estimate Property Tax Bill

$729

$677

Ownwell’s Millington Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Millington with just two data points.

By entering your property's estimated assessed value, our calculator applies Millington’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Tipton County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Millington, Tipton 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 services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Millington in Tipton County, Tennessee, has an effective property tax rate that stands out when compared to other cities in the state. Tennessee's median property tax rate is notably lower than the national median of 1.02%. This places Millington's property tax rate in a favorable position for property owners, offering a more affordable tax environment compared to many other regions in the United States. Such favorable tax conditions can make Millington an attractive location for both current residents and potential property buyers looking for lower property tax burdens.

Property Tax Rates Across Millington, Tipton County, Tennessee

Source: Ownwell

0.51%

0.66%

0.80%

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 Millington Tax Rate

0.51%

Median Effective Tipton County Tax Rate

0.51%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Millington, Tipton County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38053	0.51%	0.51%	0.51%	0.51%	0.77%

Source: Ownwell

Property Tax Assessment Values Across Millington, Tipton County, Tennessee

When examining property taxes in Millington, 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 Tipton County Assessor's Office 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 Tipton 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 Millington.

For example, the median home price in Millington is $142,950, with tax bills ranging significantly across the county. Zip code 38053 has the highest median home price at $142,950.

Property Tax Assessment Values Across Millington, Tipton County, Tennessee

Source: Ownwell

$83,900

$147,700

$211,500

Median Millington Market Value

$142,950

Median Tipton County Market Value

$143,800

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Millington, Tipton County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38053	$18,900	$77,175	$142,950	$194,450	$253,920

Source: Ownwell

Property Tax Bills Across Millington, Tipton County, Tennessee

In Millington, Tipton County, TN, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include changes in the property’s assessed value and adjustments in local tax rates. For Millington homeowners, the median property tax bill is $734, significantly lower than the national median of $2,400, reflecting a more affordable tax burden in the area. However, tax bills can vary, with the 25th percentile at $398 and the 90th percentile reaching $1,467, indicating a range of tax liabilities based on property values and locations within the city. Ownwell assists homeowners in reducing their property tax bills by identifying potential inaccuracies in assessments and filing appeals. By leveraging expertise in property tax laws and local market conditions, Ownwell can help ensure homeowners pay only their fair share, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Millington, Tipton County, Tennessee

Source: Ownwell

$495

$1,037

$1,578

Median Millington Tax Bill

$734

Median Tipton County Tax Bill

$880

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Millington, Tipton County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38053	$103	$398	$734	$1,112	$1,467

Source: Ownwell