Spring City, Bledsoe County, Tennessee Property Taxes
Median Spring City, TN effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Spring City, TN home value: $51,350
Median annual Spring City, TN tax bill: $264, $2,136 lower than the national median property tax bill of $2,400.
How are property taxes in Bledsoe calculated?
Property taxes in Spring City, 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 City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Spring City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Spring City, Bledsoe County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.52%
Estimate Property Tax Bill
$267
$248
Property Tax Rates Across Spring City, Bledsoe County, Tennessee
Local government entities determine property tax rates, leading to significant variations within Tennessee. Each year, counties, like Bledsoe, calculate their required budgets to fund services and divide this by the total assessed value of all taxable properties in their area. This process establishes the property tax rate. While votes and legislation play a role, this is the core of the annual procedure.
In Spring City, located in Bledsoe County, the effective property tax rate is 0.52%, which is notably lower than the national median of 1.02%. This makes Spring City an attractive location for property owners seeking lower tax burdens. Across Tennessee, property tax rates can vary, but Spring City stands out for its affordability. When compared to the national median property tax bill of $2,400, residents in Spring City benefit from significantly lower property taxes. Understanding these differences can help property owners make informed decisions about where to buy or maintain properties.
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 City Tax Rate
0.52%
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 Bledsoe County Tax Rate
0.52%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Spring City, Bledsoe County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37381 | 0.51% | 0.52% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Spring City, Bledsoe County, Tennessee
When examining property taxes in Spring City, 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 Bledsoe 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 Bledsoe 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 Spring City. For example, the median home price in Spring City is $51,350, with tax bills ranging significantly across the county. Zip code 37381 has the highest median home price at $51,350.
Property Tax Assessment Values Across Spring City, Bledsoe County, Tennessee
Source: Ownwell
$51,350
$120,950
$190,550
Median Spring City Market Value
$51,350
Median Bledsoe County Market Value
$105,800
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Spring City, Bledsoe County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37381 | $18,990 | $30,900 | $51,350 | $86,275 | $134,730 |
Source: Ownwell
Property Tax Bills Across Spring City, Bledsoe County, Tennessee
Median Spring City Tax Bill
$264
Median Bledsoe County Tax Bill
$577
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Spring City, Bledsoe County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37381 | $94 | $157 | $264 | $447 | $695 |
Source: Ownwell