Estill Springs, Franklin County, Tennessee Property Taxes
Median Estill Springs, TN effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Estill Springs, TN home value: $210,300
Median annual Estill Springs, TN tax bill: $1,110, $1,290 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in Estill 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 Estill Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Estill Springs, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Estill Springs, Franklin County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$988
$917
Property Tax Rates Across Estill Springs, Franklin County, Tennessee
Local government entities in Tennessee set tax rates, which can vary widely within the state. Each year, Franklin 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 for the area. While votes and laws are part of setting tax rates and budgets, this is the fundamental annual process.
In Estill Springs, located in Franklin County, the effective property tax rate stands at 0.47%. This rate is consistent with both the highest and lowest median tax rates within the county, indicating a uniformity in property tax rates across the region. Compared to the national median property tax rate of 1.02%, Estill Springs enjoys a considerably lower rate. This can be appealing for property owners seeking more affordable tax liabilities. By offering a lower tax rate than many other regions across the country, Estill Springs presents an attractive option for homeowners and investors alike.
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 Estill Springs Tax Rate
0.47%
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 Franklin County Tax Rate
0.47%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Estill Springs, Franklin County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37330 | 0.47% | 0.47% | 0.47% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Estill Springs, Franklin County, Tennessee
When examining property taxes in Estill 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 Franklin 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 Franklin 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 Estill Springs. For example, the median home price in Estill Springs is $210,300, with tax bills ranging significantly across the county. The zip code 37330 has the highest median home price at $210,300.
Property Tax Assessment Values Across Estill Springs, Franklin County, Tennessee
Source: Ownwell
$105,300
$279,250
$453,200
Median Estill Springs Market Value
$210,300
Median Franklin County Market Value
$205,400
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Estill Springs, Franklin County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37330 | $78,070 | $147,900 | $210,300 | $314,850 | $586,810 |
Source: Ownwell
Property Tax Bills Across Estill Springs, Franklin County, Tennessee
Median Estill Springs Tax Bill
$1,110
Median Franklin County Tax Bill
$1,112
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Estill Springs, Franklin County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37330 | $395 | $776 | $1,110 | $1,610 | $2,923 |
Source: Ownwell