Murfreesboro, Williamson County, Tennessee Property Taxes
Median Murfreesboro, TN effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Murfreesboro, TN home value: $227,200
Median annual Murfreesboro, TN tax bill: $1,545, $855 lower than the national median property tax bill of $2,400.
How are property taxes in Williamson County calculated?
Property taxes in Murfreesboro, 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 Murfreesboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Murfreesboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Murfreesboro, Williamson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$1,545
$1,434
Property Tax Rates Across Murfreesboro, Williamson County, Tennessee
Local government entities in Murfreesboro, located in Rutherford County, TN, set property tax rates that can differ significantly within the state. This variability is due to each county's annual budgetary needs. Counties estimate the budget required to maintain essential services and then divide this by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. While the process involves votes and laws, this is essentially how it works each year.
Comparing Murfreesboro's effective property tax rate with other cities in Tennessee, it's clear that rates can vary. The median property tax rate in Tennessee is 0.68%, which is lower than the national median of 1.02%. This means that property owners in Murfreesboro potentially benefit from a more favorable tax environment compared to many other parts of the country. With the national median property tax bill at $2,400, Murfreesboro residents might find their tax bills more manageable, making the city an attractive option for property owners seeking lower tax rates.
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 Murfreesboro Tax Rate
0.68%
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 Williamson County Tax Rate
0.54%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Murfreesboro, Williamson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37129 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Murfreesboro, Williamson County, Tennessee
When examining property taxes in Murfreesboro, 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 Williamson 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 Williamson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Murfreesboro. For example, the median home price in Murfreesboro is $227,200, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Murfreesboro, Williamson County, Tennessee
Source: Ownwell
$161,000
$549,800
$938,600
Median Murfreesboro Market Value
$227,200
Median Williamson County Market Value
$492,600
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Murfreesboro, Williamson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37129 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Murfreesboro, Williamson County, Tennessee
In Murfreesboro, property tax bills are calculated based on the assessed value of a home, which is a fraction of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. With a median home price of $227,200, homeowners in Murfreesboro often see tax bills around $1,545, which is below the national median of $2,400. This is due in part to Tennessee's relatively low property tax rates. However, factors such as changes in property values and local budget requirements can affect tax bills, potentially increasing the financial burden on homeowners.
Ownwell provides a valuable service to Murfreesboro homeowners by offering property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help reduce tax liabilities. This not only ensures fairness but also provides significant savings for homeowners. With expert guidance, homeowners can navigate the complexities of property taxes, ensuring they only pay what is necessary, keeping more money in their pockets.
Median Murfreesboro Tax Bill
$1,545
Median Williamson County Tax Bill
$2,616
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Murfreesboro, Williamson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37129 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell