Hermitage, Davidson County, Tennessee Property Taxes

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

Median Hermitage, TN effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Hermitage, TN home value: $267,400
Median annual Hermitage, TN tax bill: $2,532, $132 higher than the national median property tax bill of $2,400.

How are property taxes in Davidson calculated?

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

Last Updated March 1, 2025

Hermitage, Davidson County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$2,540

$2,357

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

Property Tax Rates Across Hermitage, Davidson County, Tennessee

Local government entities are responsible for setting tax rates, which can differ significantly within Tennessee. This variation occurs because each county annually estimates its budget needs to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although there are votes and legislation involved in setting these rates and budgets, this is the fundamental process followed each year.

In Hermitage, located in Davidson County, the effective property tax rate is reflective of the broader trends seen across the state. The median property tax rate in Tennessee is slightly lower than the national average, which is 1.02%. This positions Hermitage as a competitive area in terms of property tax rates when compared to other cities in Tennessee and the U.S.

Understanding these rates is crucial for property owners looking to manage their expenses effectively. By appealing property taxes or seeking exemptions, residents can ensure they are not overpaying and can potentially reduce their annual property tax bills.

Property Tax Rates Across Hermitage, Davidson County, Tennessee

Source: Ownwell

0.95%

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 Hermitage Tax Rate

0.95%

Median Effective Davidson County Tax Rate

0.95%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hermitage, Davidson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37076	0.95%	0.95%	0.95%	0.95%	0.95%

Source: Ownwell

Property Tax Assessment Values Across Hermitage, Davidson County, Tennessee

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

For example, the median home price in Hermitage is $267,400, with tax bills ranging significantly across the county. The 37076 zip code has the highest median home price at $267,400.

Property Tax Assessment Values Across Hermitage, Davidson County, Tennessee

Source: Ownwell

$191,850

$462,575

$733,300

Median Hermitage Market Value

$267,400

Median Davidson County Market Value

$291,900

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hermitage, Davidson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37076	$187,700	$222,000	$267,400	$336,425	$407,090

Source: Ownwell

Property Tax Bills Across Hermitage, Davidson County, Tennessee

In Hermitage, Davidson County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value, and the tax rate is applied to this assessed value to determine the tax bill. Homeowners in Hermitage face a median property tax bill of $2,532, which is slightly above the national median of $2,400. Factors such as the property's location, size, and any improvements can influence the assessed value, thereby impacting the tax bill. With property tax bills ranging from $2,102 at the 25th percentile to $3,855 at the 90th percentile, it's clear that some homeowners may be paying more than necessary. Ownwell assists homeowners by reviewing their property assessments, identifying potential savings, and filing appeals on their behalf. By ensuring accurate assessments, Ownwell helps reduce tax burdens, allowing homeowners to save significantly on their property tax bills.

Property Tax Bills Across Hermitage, Davidson County, Tennessee

Source: Ownwell

$1,817

$4,381

$6,944

Median Hermitage Tax Bill

$2,532

Median Davidson County Tax Bill

$2,764

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Hermitage, Davidson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37076	$1,778	$2,102	$2,532	$3,186	$3,855

Source: Ownwell