Unknown, Williamson County, Tennessee Property Taxes
The median property tax rate in UNKNOWN, TN is 0.68%, slightly higher than the Tennessee state median of 0.64% but still below the national median of 0.99%. With a median home value of $243,700, the typical annual property tax bill in UNKNOWN reaches $1,614, which is significantly lower than the national median of $2,690. Property taxes in UNKNOWN are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding UNKNOWN's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of UNKNOWN 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
Unknown, Williamson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,657
$1,538
Ownwell’s Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Williamson County with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Williamson County 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 Unknown, Williamson County, Tennessee
Property taxes in UNKNOWN, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in UNKNOWN is 0.68%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within UNKNOWN set these rates annually, and they can vary significantly across different neighborhoods. Each year, UNKNOWN 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. Understanding how these cities compare with UNKNOWN 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 Unknown Tax Rate
0.68%
Average Williamson County Tax Rate
0.54%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unknown, Williamson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Unknown, Williamson County, Tennessee
In UNKNOWN, 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 UNKNOWN, 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 UNKNOWN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Williamson County is $243,700, with tax bills ranging from $266 at the 25th percentile to $3,559 at the 90th percentile.
Property Tax Assessment Values Across Unknown, Williamson County, Tennessee
Source: Ownwell
$161,000
$549,800
$938,600
Average Unknown Assessed Value
$243,700
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 Unknown, Williamson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Unknown, Williamson County, Tennessee
In UNKNOWN, located in Williamson County, TN, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the final tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in this region experience a range of property tax bills. For instance, the 25th percentile tax bill is $266, indicating that a quarter of homeowners pay this amount or less. On the higher end, the 75th percentile tax bill is $2,299, while the 90th percentile reaches $3,559. These figures show a significant variation in property tax burdens, reflecting differences in property values and assessments. Compared to the national median property tax rate of 0.99%, homeowners in Williamson County may find their tax bills either lower or higher, depending on their property's assessed value and the specific local tax rate. This variability can have a substantial impact on household budgets and financial planning.
Average Unknown Tax Bill
$1,614
Average Williamson County Tax Bill
$2,616
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Unknown, Williamson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell