Old Fort, Bradley County, Tennessee Property Taxes

Name: Property Tax Bills Across Old Fort, Bradley County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median OLD FORT, TN effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median OLD FORT, TN home value: $74,500
Median annual OLD FORT, TN tax bill: $334, $2,066 lower than the national median property tax bill of $2,400.

How are property taxes in Bradley calculated?

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

Last Updated March 1, 2025

Old Fort, Bradley County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.45%

Estimate Property Tax Bill

$335

$311

Ownwell’s Old Fort Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Old Fort with just two data points. By entering your property's estimated assessed value, our calculator applies Old Fort’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 Bradley County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Old Fort, Bradley County, Tennessee

Local government entities set tax rates, which can vary widely within a state. This variability is due to the fact that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Old Fort, located in Bradley County, Tennessee, the effective property tax rate is a reflection of this process. Compared to other cities in Tennessee, Old Fort's rate aligns closely with the state's norms. However, it is significantly lower than the national median property tax rate of 1.02%. This lower rate can result in substantial savings for property owners when compared to the national median property tax bill of $2,400.

Understanding these variations can empower property owners in Old Fort to make informed decisions about their investments and financial planning. By appealing or seeking exemptions, property owners can potentially reduce their tax burden even further, maximizing their savings.

Property Tax Rates Across Old Fort, Bradley County, Tennessee

Source: Ownwell

0.44%

0.62%

0.79%

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 Old Fort Tax Rate

0.45%

Median Effective Bradley County Tax Rate

0.45%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Old Fort, Bradley County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37362	0.45%	0.45%	0.45%	0.45%	0.45%

Source: Ownwell

Property Tax Assessment Values Across Old Fort, Bradley County, Tennessee

When examining property taxes in Old Fort, 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 Bradley 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 Bradley County are sent in the spring each year, typically reaching 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 Old Fort. For example, the median home price in Old Fort is $74,500, with tax bills ranging significantly across the county. 37362 has the highest median home price at $74,500.

Property Tax Assessment Values Across Old Fort, Bradley County, Tennessee

Source: Ownwell

$74,500

$138,300

$202,100

Median Old Fort Market Value

$74,500

Median Bradley County Market Value

$153,100

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Old Fort, Bradley County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37362	$23,000	$36,200	$74,500	$170,400	$253,800

Source: Ownwell

Property Tax Bills Across Old Fort, Bradley County, Tennessee

In Old Fort, located within Bradley County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $74,500, the property tax bill can vary significantly. The 25th percentile of tax bills is around $164, while the 75th percentile reaches approximately $754. The highest median tax bill in the area is $334, which is considerably lower than the national median property tax bill of $2,400. These tax rates can have a significant impact on homeowners, influencing affordability and financial planning.

Homeowners in Old Fort can benefit from appealing their property tax assessments to potentially lower their tax bills. Ownwell specializes in property tax appeal and exemption services, providing expert guidance to ensure homeowners pay only their fair share. By analyzing property assessments and market data, Ownwell identifies discrepancies and opportunities for tax reductions, ultimately helping homeowners save money and alleviate financial stress associated with property taxes.

Property Tax Bills Across Old Fort, Bradley County, Tennessee

Source: Ownwell

$334

$823

$1,312

Median Old Fort Tax Bill

$334

Median Bradley County Tax Bill

$797

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Old Fort, Bradley County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37362	$103	$164	$334	$754	$1,141

Source: Ownwell