Trousdale County, Tennessee Property Taxes
The median property tax rate in Trousdale County is 0.49%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Trousdale County at $186,500, the typical annual property tax bill is approximately $1,010, far below the national median of $2,690. Property taxes in Trousdale County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Trousdale County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Hartsville or another part of Trousdale County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Trousdale County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$914
$848
Ownwell’s Trousdale County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Trousdale County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Trousdale County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Trousdale County, Tennessee
Property taxes in Trousdale County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Trousdale County is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within Trousdale County set these rates annually, and they can vary significantly between different areas within the county. Each year, Trousdale County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Trousdale County's effective property tax rate with other areas and the national median. For comparison, the city of Hartsville has one of the higher property tax rates in Tennessee at 0.49%, while the city of Castalian Springs boasts one of the lowest at 0.49%. Analyzing how Trousdale County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Trousdale County Tax Rate
0.49%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trousdale County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bethpage | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Castalian Springs | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Dixon Springs | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Hartsville | 0.49% | 0.49% | 0.49% | 0.65% | 0.65% |
| Lebanon | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Trousdale County, Tennessee
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Trousdale County. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Trousdale County Appraisal District. The assessed value, however, 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. Assessment notices in Trousdale County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Trousdale County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Castalian Springs has the highest median tax bill at $1,316, while Dixon Springs has the lowest at $878.
Property Tax Assessment Values Across Trousdale County, Tennessee
Source: Ownwell
$163,350
$214,925
$266,500
Average Trousdale County Assessed Value
$186,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Trousdale County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bethpage | $85,680 | $134,200 | $218,400 | $321,800 | $433,060 |
| Castalian Springs | $115,840 | $175,400 | $266,500 | $334,400 | $448,840 |
| Dixon Springs | $92,830 | $133,275 | $163,350 | $251,100 | $375,000 |
| Hartsville | $70,440 | $114,800 | $173,500 | $260,900 | $366,620 |
| Lebanon | $87,600 | $127,850 | $203,000 | $302,175 | $417,750 |
Source: Ownwell
Property Tax Bills Across Trousdale County, Tennessee
In Trousdale County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. Homeowners in Trousdale County experience varying tax bills depending on their property's assessed value and the local tax rate. For instance, the median home price in the county is $186,500, and the tax bills can range significantly. At the lower end, the 25th percentile tax bill is around $672, while the 75th percentile reaches approximately $1,494. The 90th percentile tax bill can go up to $2,054, reflecting the diversity in property values and tax burdens. Among the cities in Trousdale County, Castalian Springs has the highest median tax bill at $1,316, whereas Dixon Springs has the lowest at $878. These property tax bills impact homeowners by influencing their annual housing costs, making it crucial for them to understand how their tax liabilities are calculated.
Average Trousdale County Tax Bill
$1,010
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Trousdale County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bethpage | $420 | $680 | $1,086 | $1,567 | $2,105 |
| Castalian Springs | $585 | $879 | $1,316 | $1,659 | $2,250 |
| Dixon Springs | $456 | $658 | $878 | $1,305 | $1,858 |
| Hartsville | $376 | $652 | $966 | $1,429 | $1,999 |
| Lebanon | $432 | $658 | $1,056 | $1,518 | $2,114 |
Source: Ownwell