Bradford, Gibson County, Tennessee Property Taxes
Median Bradford, TN effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Bradford, TN home value: $69,800
Median annual Bradford, TN tax bill: $665, $1,735 lower than the national median property tax bill of $2,400.
How are property taxes in Gibson calculated?
Property taxes in Bradford, 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 Bradford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bradford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bradford, Gibson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$524
$486
Property Tax Rates Across Bradford, Gibson County, Tennessee
Local government entities in Tennessee set property tax rates, which can vary widely within the state. Each county, including Gibson, 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 votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process.
In Bradford, located in Gibson County, the effective property tax rate is 0.75%. This rate is notably lower than the national median property tax rate of 1.02%. With a median property tax bill of $2400 nationally, Bradford's lower tax rate can offer significant savings for property owners. When comparing Bradford's rate to other cities in Tennessee, it stands out as competitive, given that the highest and lowest median tax rates in the state are also 0.75%.
Understanding these rates can help property owners make informed decisions about their investments and potential savings through property tax appeals or exemptions.
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 Bradford Tax Rate
0.75%
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 Gibson County Tax Rate
0.76%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bradford, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38316 | 0.75% | 0.75% | 0.75% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Bradford, Gibson County, Tennessee
When examining property taxes in Bradford, 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 Gibson 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 Gibson 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 Bradford. For example, the median home price in Bradford is $69,800, with tax bills ranging significantly across the county. 38316 has the highest median home price at $69,800.
Property Tax Assessment Values Across Bradford, Gibson County, Tennessee
Source: Ownwell
$58,600
$111,950
$165,300
Median Bradford Market Value
$69,800
Median Gibson County Market Value
$77,800
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bradford, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38316 | $28,420 | $44,000 | $69,800 | $113,550 | $187,800 |
Source: Ownwell
Property Tax Bills Across Bradford, Gibson County, Tennessee
Median Bradford Tax Bill
$665
Median Gibson County Tax Bill
$563
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Bradford, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38316 | $242 | $400 | $665 | $1,028 | $1,506 |
Source: Ownwell