Humboldt, Gibson County, Tennessee Property Taxes
Median Humboldt, TN effective property tax rate: 0.26%, significantly lower than the national median of 1.02%, and also lower than the Tennessee state median of 0.64%.
Median Humboldt, TN home value: $63,900
Median annual Humboldt, TN tax bill: $215, $2,185 lower than the national median property tax bill of $2,400.
How are property taxes in Gibson calculated?
Property taxes in Humboldt, 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 Humboldt’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Humboldt, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Humboldt, Gibson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.26%
Estimate Property Tax Bill
$166
$154
Property Tax Rates Across Humboldt, Gibson 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 Humboldt’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
In Humboldt, located in Gibson County, property owners benefit from a notably low property tax rate compared to both state and national averages. Tennessee's median property tax rate is already below the national median of 1.02%, but Humboldt's rate is even more favorable. This can translate into significant savings for homeowners and investors in the area. Such a competitive rate can make Humboldt an attractive option for those looking to invest in property or reduce their annual property tax expenses. Understanding these rates can help property owners make informed decisions about buying or maintaining property in Humboldt.
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 Humboldt Tax Rate
0.26%
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 Humboldt, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38343 | 0.26% | 0.26% | 0.26% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Humboldt, Gibson County, Tennessee
When examining property taxes in Humboldt, 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 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.
In Gibson 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 Humboldt.
For example, the median home price in Humboldt is $63,900, with tax bills ranging significantly across the county. Zip code 38343 has the highest median home price at $63,900.
Property Tax Assessment Values Across Humboldt, Gibson County, Tennessee
Source: Ownwell
$58,600
$111,950
$165,300
Median Humboldt Market Value
$63,900
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 Humboldt, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38343 | $23,650 | $35,125 | $63,900 | $108,600 | $191,900 |
Source: Ownwell
Property Tax Bills Across Humboldt, Gibson County, Tennessee
Median Humboldt Tax Bill
$215
Median Gibson County Tax Bill
$563
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Humboldt, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38343 | $65 | $105 | $215 | $548 | $1,182 |
Source: Ownwell