Hermitage, Wilson County, Tennessee Property Taxes
Median Hermitage, TN effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Hermitage, TN home value: $296,800
Median annual Hermitage, TN tax bill: $1,433, $967 lower than the national median property tax bill of $2,400.
How are property taxes in Wilson calculated?
Property taxes in Hermitage, 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 Hermitage’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hermitage, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hermitage, Wilson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.48%
Estimate Property Tax Bill
$1,427
$1,324
Property Tax Rates Across Hermitage, Wilson County, Tennessee
Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Hermitage’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
Hermitage in Wilson County, Tennessee, offers a property tax landscape that is quite favorable when compared to national figures. With a median property tax rate of 0.48%, Hermitage sits well below the national median of 1.02%. This lower tax rate can be an attractive feature for homeowners looking to optimize their property expenses. While the national median property tax bill stands at $2400, residents in Hermitage benefit from a significantly lower burden, making it an appealing location for those mindful of property tax costs.
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 Hermitage Tax Rate
0.48%
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 Wilson County Tax Rate
0.48%
Median Effective Tennessee Tax Rate
0.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hermitage, Wilson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37076 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Hermitage, Wilson County, Tennessee
When examining property taxes in Hermitage, Tennessee, 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 Wilson County Appraisal District 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 Wilson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Hermitage.
For example, the median home price in Hermitage is $296,800, with tax bills ranging significantly across the county. Zip code 37076 has the highest median home price at $296,800.
Property Tax Assessment Values Across Hermitage, Wilson County, Tennessee
Source: Ownwell
$113,300
$228,700
$344,100
Median Hermitage Market Value
$297,200
Median Wilson County Market Value
$290,900
Median Tennessee Market Value
$213,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hermitage, Wilson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37076 | $117,110 | $238,125 | $297,200 | $347,000 | $410,360 |
Source: Ownwell
Property Tax Bills Across Hermitage, Wilson County, Tennessee
In Hermitage, 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, determined by Wilson County, is applied to this assessed value to calculate the annual tax bill. Local factors such as school district funding and municipal services influence the tax rate, affecting how much homeowners pay. In Hermitage, the median property tax bill is $1,433, which is significantly lower than the national median of $2,400. However, tax bills can range from $1,149 at the 25th percentile to $1,965 at the 90th percentile, indicating variability based on property values and local tax rates.
Ownwell assists homeowners by offering property tax appeal services. By analyzing property assessments and market data, Ownwell identifies opportunities for tax reductions, potentially lowering tax bills. This service is particularly beneficial for those who believe their property has been over-assessed, ensuring they only pay their fair share. Through proactive management and expert guidance, Ownwell helps maximize savings on property taxes.
Median Hermitage Tax Bill
$1,416
Median Wilson County Tax Bill
$1,448
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$2,400
Property Tax Bills Across Hermitage, Wilson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37076 | $559 | $1,130 | $1,416 | $1,654 | $1,958 |
Source: Ownwell