Fairview, Cheatham County, Tennessee Property Taxes
Median Fairview, TN effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Fairview, TN home value: $237,500
Median annual Fairview, TN tax bill: $1,595, $805 lower than the national median property tax bill of $2,400.
How are property taxes in Cheatham calculated?
Property taxes in Fairview, 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 Fairview’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fairview, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fairview, Cheatham County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$1,591
$1,477
Property Tax Rates Across Fairview, Cheatham County, Tennessee
Local government entities determine property tax rates, and these can differ significantly within Tennessee. Each county calculates its necessary budget to provide essential services and then divides that amount by the total assessed value of all taxable properties within its boundaries. This results in the property tax rate. While setting these rates involves votes and legislation, this is the fundamental annual process.
In Fairview, located in Cheatham County, the effective property tax rate is notably different from other cities in Tennessee. Comparing Fairview's rate to the state median and the national average of 1.02% can provide valuable insights for property owners. Understanding these differences is crucial for homeowners aiming to manage their property tax liabilities effectively.
While Fairview's property tax rate may offer some advantages, it's important for property owners to remain informed about potential changes in tax rates and local budgets. By staying updated, property owners can make informed decisions and potentially benefit from appealing their property tax assessments or seeking exemptions.
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 Fairview Tax Rate
0.67%
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 Cheatham County Tax Rate
0.67%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fairview, Cheatham County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37062 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Fairview, Cheatham County, Tennessee
When examining property taxes in Fairview, 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 Cheatham County Assessor's Office 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 Cheatham 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 Fairview. For example, the median home price in Fairview is $237,500, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Fairview, Cheatham County, Tennessee
Source: Ownwell
$174,000
$212,525
$251,050
Median Fairview Market Value
$237,500
Median Cheatham County Market Value
$201,100
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fairview, Cheatham County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37062 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Fairview, Cheatham County, Tennessee
In Fairview, Tennessee, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Fairview can expect a median property tax bill that is significantly lower than the national median of $2,400, with the 25th percentile at $1,365 and the 75th percentile at $2,645. While this may seem manageable, the tax burden can still be substantial, especially for those at the 90th percentile, facing a bill of $3,495.
Several factors influence the property tax bill, including changes in property value, local tax rates, and applicable exemptions. Rising home values can lead to higher tax bills, impacting homeowners' finances. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners in Fairview identify potential savings. Our team works to ensure that your property is fairly assessed, potentially reducing your tax liability and easing the financial burden on your household.
Median Fairview Tax Bill
$1,595
Median Cheatham County Tax Bill
$1,378
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Fairview, Cheatham County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37062 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell