Arrington, Williamson County, Tennessee Property Taxes
The median property tax rate in Arrington, TN is 0.47%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Arrington at $668,350, the typical annual property tax bill reaches $3,190, exceeding the national median of $2,690. Property taxes in Arrington 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 Arrington'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 Arrington 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
Arrington, Williamson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$3,141
$2,915
Ownwell’s Arrington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arrington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arrington 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 Arrington, Williamson County, Tennessee
Property taxes in Arrington, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arrington is 0.47%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Arrington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arrington 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 Arrington's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37014 zip code has the highest median property tax rate of 0.47%, while the same zip code also has the lowest median tax rate of 0.47%. Understanding how these areas compare with Arrington provides valuable insights into the varying tax landscape across Williamson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arrington Tax Rate
0.47%
Average Williamson County Tax Rate
0.54%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arrington, Williamson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37014 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Arrington, Williamson County, Tennessee
In Arrington, 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 Williamson 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 Arrington, 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 Arrington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 37014, both at $3,190.
Property Tax Assessment Values Across Arrington, Williamson County, Tennessee
Source: Ownwell
$161,000
$549,800
$938,600
Average Arrington Assessed Value
$668,350
Average Williamson County Assessed Value
$492,600
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arrington, Williamson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37014 | $182,500 | $457,850 | $668,350 | $843,875 | $1,016,500 |
Source: Ownwell
Property Tax Bills Across Arrington, Williamson County, Tennessee
In Arrington, Williamson County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $668,350, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $2,402, while those in the 75th percentile may see bills as high as $4,034. The 90th percentile tax bill reaches up to $4,779. Several factors influence these amounts, including property location, home size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax rates in Arrington can be seen as relatively moderate, yet they still represent a substantial expense for homeowners. Understanding these variables helps homeowners budget effectively and consider potential savings through exemptions or appeals.
Average Arrington Tax Bill
$3,190
Average Williamson County Tax Bill
$2,616
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Arrington, Williamson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37014 | $981 | $2,402 | $3,190 | $4,034 | $4,779 |
Source: Ownwell