Spring Creek, Madison County, Tennessee Property Taxes

Name: Property Tax Bills Across Spring Creek, Madison County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Spring Creek, TN effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Spring Creek, TN home value: $122,650
Median annual Spring Creek, TN tax bill: $574, $1,826 lower than the national median property tax bill of $2,400.

How are property taxes in Madison County calculated?

Property taxes in Spring Creek, 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 Spring Creek’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Spring Creek, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Spring Creek, Madison County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.47%

Estimate Property Tax Bill

$576

$535

Ownwell’s Spring Creek Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Spring Creek with just two data points. By entering your property's estimated assessed value, our calculator applies Spring Creek’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Madison County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Spring Creek, Madison County, Tennessee

Local government entities in Tennessee set tax rates, which can vary widely within the state. Each year, counties estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdictions. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process. In Spring Creek, located in Madison County, the effective property tax rate offers an interesting comparison to other cities in Tennessee, as well as to median rates at both the state and national levels. With a median property tax rate of 0.47%, Spring Creek aligns with the state's highest and lowest median rates, yet remains significantly below the national median of 1.02%. This favorable tax environment can be an attractive factor for property owners considering relocation or investment, as it suggests potential savings compared to other parts of the country.

Property Tax Rates Across Spring Creek, Madison County, Tennessee

Source: Ownwell

0.47%

0.67%

0.87%

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 Spring Creek Tax Rate

0.47%

Median Effective Madison County Tax Rate

0.87%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Spring Creek, Madison County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38378	0.47%	0.47%	0.47%	0.47%	0.47%

Source: Ownwell

Property Tax Assessment Values Across Spring Creek, Madison County, Tennessee

When examining property taxes in Spring Creek, 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 Madison 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. Assessment notices: In Madison 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 Spring Creek. For example, the median home price in Spring Creek is $122,650, with tax bills ranging significantly across the county. 38378 has the highest median home price at $122,650.

Property Tax Assessment Values Across Spring Creek, Madison County, Tennessee

Source: Ownwell

$43,800

$120,300

$196,800

Median Spring Creek Market Value

$122,650

Median Madison County Market Value

$135,000

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Spring Creek, Madison County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38378	$43,220	$67,200	$122,650	$156,350	$209,880

Source: Ownwell

Property Tax Bills Across Spring Creek, Madison County, Tennessee

In Spring Creek, located in Madison County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. Homeowners in Spring Creek typically see a median property tax bill of $574, which is significantly lower than the national median of $2,400. This lower tax bill is partly due to the area's property tax rate, which is below the national median rate of 1.02%. Factors such as home improvements, changes in market conditions, and local government budget requirements can influence the assessed value and, consequently, the tax bill. For homeowners looking to reduce their property tax expenses, Ownwell offers expert services in property tax appeals and exemptions. By analyzing assessment data and identifying discrepancies, Ownwell can help homeowners potentially lower their tax liabilities, ensuring they only pay their fair share and saving them money in the process.

Property Tax Bills Across Spring Creek, Madison County, Tennessee

Source: Ownwell

$205

$835

$1,464

Median Spring Creek Tax Bill

$574

Median Madison County Tax Bill

$848

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Spring Creek, Madison County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38378	$202	$315	$574	$733	$983

Source: Ownwell