Jonesborough, Tennessee Property Taxes
The median property tax rate in Jonesborough, TN is 0.54%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Jonesborough at $136,800, the typical annual property tax bill reaches $752, significantly below the national median of $2,690. Property taxes in Jonesborough 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 Jonesborough'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 Jonesborough 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
Jonesborough, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Jonesborough Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jonesborough with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jonesborough 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 Jonesborough, Tennessee
Property taxes in Jonesborough, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jonesborough is 0.54%, which is lower than the U.S. national median of 0.99%. Local government entities within Jonesborough set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonesborough 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 Jonesborough's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37659 zip code has the highest median property tax rate of 0.54%, while the 37659 zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Jonesborough provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jonesborough Tax Rate
0.54%
Average Washington County Tax Rate
0.54%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonesborough, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37659 | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Jonesborough, Tennessee
In Jonesborough, 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 Washington 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 Jonesborough, 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 Jonesborough 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 37659, standing at $752.
Average Jonesborough Assessed Value
$136,800
Average Washington County Assessed Value
$131,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jonesborough, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37659 | $28,950 | $72,200 | $136,800 | $201,700 | $295,650 |
Source: Ownwell
Property Tax Bills Across Jonesborough, Tennessee
In Jonesborough, Washington County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in the area is $136,800. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners in Jonesborough can expect property tax bills to vary significantly. The 25th percentile tax bill is around $403, while the 75th percentile tax bill reaches $1116. For those in the 90th percentile, the tax bill can be as high as $1636. The highest median tax bill in the area is $752, which is consistent across the 37659 zip code. Compared to the national median property tax rate of 0.99%, Jonesborough offers relatively affordable property taxes, which can be a significant consideration for current and prospective homeowners. Lower property taxes can make homeownership more accessible and reduce the overall cost of living in the area.
Average Jonesborough Tax Bill
$752
Average Washington County Tax Bill
$882
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesborough, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37659 | $162 | $403 | $752 | $1,116 | $1,636 |
Source: Ownwell