Bethel Springs, Chester County, Tennessee Property Taxes

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

Median Bethel Springs, 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 Bethel Springs, TN home value: $76,250
Median annual Bethel Springs, TN tax bill: $466, $1,934 lower than the national median property tax bill of $2,400.

How are property taxes in Chester calculated?

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

Last Updated March 1, 2025

Bethel Springs, Chester 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

$473

$439

Ownwell’s Bethel Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bethel Springs with just two data points.

By entering your property's estimated assessed value, our calculator applies Bethel Springs’ 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 Chester County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bethel Springs, Chester County, Tennessee

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Bethel Springs, located in Chester County, the effective property tax rate is 0.62%. This rate is notably lower than the national median property tax rate of 1.02%. Such a lower tax rate can make Bethel Springs an attractive location for property owners seeking to minimize their tax burden. Comparing Bethel Springs to other regions in Tennessee, it becomes evident that the property tax rate here is consistent with the state's trend of maintaining lower rates compared to the national average. This can potentially lead to significant savings for homeowners and investors alike, making it a compelling factor when considering property investments in the area.

Property Tax Rates Across Bethel Springs, Chester County, Tennessee

Source: Ownwell

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 Bethel Springs Tax Rate

0.62%

Median Effective Chester County Tax Rate

0.62%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bethel Springs, Chester County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38315	0.41%	0.62%	0.62%	0.62%	0.62%

Source: Ownwell

Property Tax Assessment Values Across Bethel Springs, Chester County, Tennessee

When examining property taxes in Bethel Springs, 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 Chester 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 Chester 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 Bethel Springs.

For example, the median home price in Bethel Springs is $76,250, with tax bills ranging significantly across the county. Zip code 38315 has the highest median home price at $76,250.

Property Tax Assessment Values Across Bethel Springs, Chester County, Tennessee

Source: Ownwell

$76,250

$109,525

$142,800

Median Bethel Springs Market Value

$76,250

Median Chester County Market Value

$125,450

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bethel Springs, Chester County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38315	$18,840	$44,250	$76,250	$132,925	$262,260

Source: Ownwell

Property Tax Bills Across Bethel Springs, Chester County, Tennessee

In Bethel Springs, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. Homeowners in Chester County can expect a median property tax bill of $466, significantly lower than the national median of $2,400. This lower tax bill reflects the area's more affordable housing market, with a median home price of $76,250. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For homeowners, understanding these factors is crucial as they directly affect annual tax obligations. Ownwell offers a valuable service by helping homeowners navigate the complexities of property tax appeals and exemptions. By leveraging expertise in local tax regulations, Ownwell can identify potential savings and ensure homeowners are not overpaying. This assistance can be particularly beneficial in cases where property values have been assessed higher than the market value, offering a pathway to reduce tax bills and ease the financial burden on homeowners.

Property Tax Bills Across Bethel Springs, Chester County, Tennessee

Source: Ownwell

$466

$667

$868

Median Bethel Springs Tax Bill

$466

Median Chester County Tax Bill

$763

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Bethel Springs, Chester County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38315	$118	$275	$466	$770	$1,225

Source: Ownwell