Liberty, Cannon County, Tennessee Property Taxes

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

Median Liberty, TN effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%. Median Liberty, TN home value: $99,850. Median annual Liberty, TN tax bill: $602, $1,798 lower than the national median property tax bill of $2,400.

How are property taxes in Cannon calculated?

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

Last Updated March 1, 2025

Liberty, Cannon County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$619

$574

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

Property Tax Rates Across Liberty, Cannon County, Tennessee

Local government entities determine tax rates, and these can differ significantly within a state. Each year, counties calculate their budget needs to maintain services and divide this by the total value of taxable property within their area, resulting in the property tax rate. This annual process incorporates votes and laws to establish tax rates and budgets. In Liberty, located in Cannon County, Tennessee, the effective property tax rate stands at 0.62%. This figure is notably lower than the national median property tax rate of 1.02%. When comparing Liberty’s rate to other cities in Tennessee and across the U.S., it becomes evident that property owners in Liberty benefit from relatively low property taxes. The lower tax rate can be attractive for homeowners and potential buyers seeking affordability in property taxation. Understanding how these rates are set and their implications can empower property owners to make informed decisions about their investments and financial planning.

Property Tax Rates Across Liberty, Cannon County, Tennessee

Source: Ownwell

0.61%

0.62%

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 Liberty Tax Rate

0.62%

Median Effective Cannon County Tax Rate

0.62%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Liberty, Cannon County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37095	0.61%	0.61%	0.61%	0.62%	0.62%

Source: Ownwell

Property Tax Assessment Values Across Liberty, Cannon County, Tennessee

When examining property taxes in Liberty, 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 Cannon 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 Cannon County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Liberty.

For example, the median home price in Liberty is $99,850, with tax bills ranging significantly across the county. Zip code 37095 has the highest median home price at $99,850.

Property Tax Assessment Values Across Liberty, Cannon County, Tennessee

Source: Ownwell

$99,850

$137,825

$175,800

Median Liberty Market Value

$99,850

Median Cannon County Market Value

$129,400

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Liberty, Cannon County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37095	$35,850	$59,200	$99,850	$152,650	$214,900

Source: Ownwell

Property Tax Bills Across Liberty, Cannon County, Tennessee

In Liberty, located within Cannon County, TN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, and the tax rate is set by local government authorities. Homeowners in Liberty face a median property tax bill that is significantly lower than the national median of $2,400. With a range from the 25th percentile tax bill of $362 to the 90th percentile at $1,324, the financial impact on homeowners varies widely. Factors influencing these bills include changes in property values and local government budget requirements. Despite the relatively low median tax bill of $602 in the 37095 zip code, there is still potential for savings. Ownwell can assist homeowners by reviewing their property assessments, identifying any discrepancies, and filing appeals if necessary. This service can help ensure that homeowners are not overpaying and can potentially reduce their property tax bills, providing significant savings over time.

Property Tax Bills Across Liberty, Cannon County, Tennessee

Source: Ownwell

$602

$842

$1,081

Median Liberty Tax Bill

$602

Median Cannon County Tax Bill

$846

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Liberty, Cannon County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37095	$219	$362	$602	$932	$1,324

Source: Ownwell