Property Taxes in Somerville, Tennessee
Median Somerville, Tennessee effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, and lower than the Tennessee state median of 0.54%.
Median Somerville, Tennessee home value: $88,900
Median annual Somerville, Tennessee tax bill: $281, $2,119 lower than the national median property tax bill of $2,400.
How are property taxes in Fayette calculated?
Property taxes in Somerville, Tennessee 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 Somerville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Somerville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Somerville Property Tax Calculator Work?
Use this Somerville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Somerville's median effective tax rate of 0.32% — based on actual property records in Fayette County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Somerville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Somerville: rates range from 0.32% in 38068 to 0.32% in 38068, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Somerville.
About Somerville Property Taxes
About Property Taxes in Somerville, Fayette, Tennessee
Somerville's median effective property tax rate of 0.32% is lower than the Tennessee state median of 0.54% and lower than the national median of 1.02%. This rate reflects the Fayette County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Somerville. Homeowners in the 38068 ZIP code carry a median effective rate of 0.32%, while those in the same ZIP code pay 0.32%. This reflects how school district boundaries and local assessment districts are drawn across Fayette County. Understanding which part of Somerville you live in can make a meaningful difference to your annual tax bill.
Somerville homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the May 31, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Somerville, Fayette County, Tennessee
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide 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 Somerville's effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
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 Somerville Tax Rate
0.32%
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 Fayette County Tax Rate
0.32%
Median Effective Tennessee Tax Rate
0.54%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Somerville, Fayette County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38068 | 0.30% | 0.32% | 0.32% | 0.32% | 0.32% |
| 38060 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Somerville, Fayette County, Tennessee
When examining property taxes in Somerville, 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 Fayette 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.
Assessment notices:
In Fayette County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Somerville.
For example, the median home price in Somerville is $88,900, with tax bills ranging significantly across the county. 38068 has the highest median home price at $88,900.
Property Tax Assessment Values Across Somerville, Fayette County, Tennessee
Source: Ownwell
$52,300
$250,625
$448,950
Median Somerville Market Value
$88,900
Median Fayette County Market Value
$169,900
Median Tennessee Market Value
$213,900
Median United States Market Value
$274,101
Property Tax Assessment Values Across Somerville, Fayette County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38068 | $19,800 | $44,825 | $88,900 | $195,450 | $294,100 |
| 38060 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Somerville, Fayette County, Tennessee
Property tax bills in Somerville are based on the assessed value of a home, not its market listing price. Local taxing authorities apply the property tax rate to that assessed value to determine the annual bill, so changes in valuation can directly affect what a homeowner owes. For a home with a median price of $88,900, the bill can vary widely depending on the assessment and any local tax rates that apply.
In Fayette County, the typical property tax bill is relatively modest compared with the national median property tax bill of $2,400. In Somerville, the 25th percentile tax bill is $146, the 75th percentile is $616, and the 90th percentile is $963. That range shows how much bills can differ from one homeowner to another based on property characteristics and assessment outcomes.
For homeowners, this means a higher assessed value can lead to a larger tax bill, even if the home has not been sold.
Median Somerville Tax Bill
$281
Median Fayette County Tax Bill
$575
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$3,209
Property Tax Bills Across Somerville, Fayette County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38068 | $63 | $146 | $281 | $616 | $963 |
| 38060 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 31 |
Links | |
|---|---|
| Fayette Tax Assessor | |
| Website | assessment.cot.tn.gov |