Medina, Gibson County, Tennessee Property Taxes
Median Medina, TN effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Medina, TN home value: $165,300
Median annual Medina, TN tax bill: $1,262, $1,138 lower than the national median property tax bill of $2,400.
How are property taxes in Gibson County calculated?
Property taxes in Medina, 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 Medina’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Medina, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Medina, Gibson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$1,256
$1,166
Property Tax Rates Across Medina, Gibson County, Tennessee
Local government entities are responsible for setting property tax rates, which can vary significantly within Tennessee. Each year, counties estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. This process, while influenced by votes and laws, is the core method used to determine property taxes annually.
In Medina, located in Gibson County, the effective property tax rate is a reflection of this calculation. When compared to other cities in Tennessee, Medina's rate aligns with the state's median property tax rate, which is notably lower than the national median property tax rate of 1.02%. This means that homeowners in Medina generally experience a lower property tax burden compared to the national average, making it an attractive location for property owners seeking lower taxes.
Understanding these differences can help property owners make informed decisions about where to buy or invest in real estate. With its favorable tax rate, Medina stands out as a cost-effective option for those looking to minimize their property tax expenses.
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 Medina Tax Rate
0.76%
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 Medina, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38355 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Medina, Gibson County, Tennessee
When examining property taxes in Medina, 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 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 Medina. For example, the median home price in Medina is $165,300, with tax bills ranging significantly across the county. Zip code 38355 has the highest median home price at $165,300.
Property Tax Assessment Values Across Medina, Gibson County, Tennessee
Source: Ownwell
$58,600
$111,950
$165,300
Median Medina Market Value
$165,300
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 Medina, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38355 | $64,740 | $119,400 | $165,300 | $215,000 | $270,420 |
Source: Ownwell
Property Tax Bills Across Medina, Gibson County, Tennessee
Median Medina Tax Bill
$1,262
Median Gibson County Tax Bill
$563
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Medina, Gibson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38355 | $482 | $910 | $1,262 | $1,622 | $2,042 |
Source: Ownwell