Stanton, Fayette County, Tennessee Property Taxes
Median Stanton, TN effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, and also lower than the Tennessee state median of 0.64%.
Median Stanton, TN home value: $68,000
Median annual Stanton, TN tax bill: $220, $2,180 lower than the national median property tax bill of $2,400.
How are property taxes in Fayette calculated?
Property taxes in Stanton, 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 Stanton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stanton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stanton, Fayette County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.32%
Estimate Property Tax Bill
$230
$214
Property Tax Rates Across Stanton, Fayette County, Tennessee
Local government entities determine tax rates, leading to significant variations within a state. Each year, counties calculate the necessary budget to fund services and divide it by the total value of taxable property within their boundaries, resulting in the property tax rate. While votes and legislation play roles in setting these rates and budgets, this is the core annual process.
In Stanton, located in Fayette County, Tennessee, the effective property tax rate is 0.32%. This rate is notably lower than the national median property tax rate of 1.02% and also falls below the Tennessee state median. Residents of Stanton benefit from lower property tax bills compared to many other regions across the country. The reduced tax burden can make the area more appealing to homeowners, offering financial relief and potentially contributing to a higher quality of life. By understanding these local tax dynamics, property owners in Stanton can better navigate their financial obligations and explore opportunities for appealing or reducing their property taxes.
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 Stanton 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
1.02%
Property Tax Rates Across Stanton, Fayette County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38069 | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Stanton, Fayette County, Tennessee
When examining property taxes in Stanton, 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 Fayette County Assessor 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 March. 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 Stanton.
For example, the median home price in Stanton is $68,000, with tax bills ranging significantly across the county. Zip code 38069 has the highest median home price at $68,000.
Property Tax Assessment Values Across Stanton, Fayette County, Tennessee
Source: Ownwell
$52,300
$250,625
$448,950
Median Stanton Market Value
$71,900
Median Fayette County Market Value
$169,900
Median Tennessee Market Value
$213,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Stanton, Fayette County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38069 | $14,100 | $28,900 | $71,900 | $96,600 | $151,300 |
Source: Ownwell
Property Tax Bills Across Stanton, Fayette County, Tennessee
In Stanton, located in Fayette County, TN, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. Homeowners in Stanton experience property tax bills that vary significantly, with the 25th percentile bill at $93 and the 75th percentile reaching $313. The median tax bill in the area is $220, which is considerably lower than the national median of $2,400. This lower tax bill can be attributed to the area's relatively modest median home price of $68,000. Despite these lower figures, property taxes can still be a significant expense for homeowners.
Ownwell offers a valuable service by helping homeowners in Stanton potentially lower their property tax bills. By navigating the complexities of property tax appeals and exemptions, Ownwell can identify opportunities for savings, ensuring homeowners are not overpaying. This service can provide peace of mind and financial relief, making property ownership more affordable and manageable for residents in Stanton.
Median Stanton Tax Bill
$232
Median Fayette County Tax Bill
$575
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$2,400
Property Tax Bills Across Stanton, Fayette County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38069 | $46 | $93 | $232 | $312 | $489 |
Source: Ownwell