Gadsden, Crockett County, Tennessee Property Taxes
Median Gadsden, TN effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Gadsden, TN home value: $108,300
Median annual Gadsden, TN tax bill: $604, $1,796 lower than the national median property tax bill of $2,400.
How are property taxes in Crockett County calculated?
Property taxes in Gadsden, 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 Gadsden’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gadsden, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gadsden, Crockett County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.56%
Estimate Property Tax Bill
$606
$563
Property Tax Rates Across Gadsden, Crockett County, Tennessee
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Gadsden’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
Gadsden, located in Crockett County, Tennessee, has an effective property tax rate of 0.56%. This rate is notably lower than the national median of 1.02%. Across Tennessee, property tax rates can differ significantly from one locality to another, but Gadsden's rate is among the lowest in the state. The median property tax bill in Gadsden is also considerably less than the national median of $2400. This makes Gadsden an attractive option for property owners looking to minimize their tax burden while enjoying the benefits of local services.
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 Gadsden Tax Rate
0.56%
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 Crockett County Tax Rate
0.56%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gadsden, Crockett County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38337 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Gadsden, Crockett County, Tennessee
When examining property taxes in Gadsden, 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 Crockett 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.
In Crockett 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 Gadsden. For example, the median home price in Gadsden is $108,300, with tax bills ranging significantly across the county. Zip code 38337 has the highest median home price at $108,300.
Property Tax Assessment Values Across Gadsden, Crockett County, Tennessee
Source: Ownwell
$96,250
$111,575
$126,900
Median Gadsden Market Value
$108,300
Median Crockett County Market Value
$110,100
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gadsden, Crockett County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38337 | $41,220 | $70,900 | $108,300 | $188,075 | $288,670 |
Source: Ownwell
Property Tax Bills Across Gadsden, Crockett County, Tennessee
Median Gadsden Tax Bill
$604
Median Crockett County Tax Bill
$616
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Gadsden, Crockett County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38337 | $228 | $394 | $604 | $1,054 | $1,604 |
Source: Ownwell