Gruetli Laager, Grundy County, Tennessee Property Taxes
Median Gruetli Laager, TN effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Gruetli Laager, TN home value: $79,850
Median annual Gruetli Laager, TN tax bill: $466, $1,934 lower than the national median property tax bill of $2,400.
How are property taxes in Grundy calculated?
Property taxes in Gruetli Laager, 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 Gruetli Laager’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gruetli Laager, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gruetli Laager, Grundy County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$479
$445
Property Tax Rates Across Gruetli Laager, Grundy County, Tennessee
Local government entities determine tax rates, which can fluctuate significantly across a state. The process involves each county estimating its annual budget to maintain services and dividing this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is essentially the yearly procedure.
In the context of Gruetli Laager in Grundy County, Tennessee, the effective property tax rate reflects this process. The city's rate is notable when compared to other cities in Tennessee and against the backdrop of both state and national median property tax rates. Tennessee's median property tax rate is significantly lower than the national median of 1.02%, offering a potential advantage for property owners in the state. This lower rate can be attractive to homeowners, providing some relief in property tax bills compared to the national median bill of $2400. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively.
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 Gruetli Laager Tax Rate
0.60%
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 Grundy County Tax Rate
0.60%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gruetli Laager, Grundy County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37339 | 0.52% | 0.54% | 0.60% | 0.60% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Gruetli Laager, Grundy County, Tennessee
When examining property taxes in Gruetli Laager, 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 Grundy 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 Grundy 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 Gruetli Laager. For example, the median home price in Gruetli Laager is $79,850, with tax bills ranging significantly across the county. Zip code 37339 has the highest median home price at $79,850.
Property Tax Assessment Values Across Gruetli Laager, Grundy County, Tennessee
Source: Ownwell
$47,600
$93,075
$138,550
Median Gruetli Laager Market Value
$79,850
Median Grundy County Market Value
$82,800
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gruetli Laager, Grundy County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37339 | $24,270 | $48,950 | $79,850 | $121,875 | $171,050 |
Source: Ownwell
Property Tax Bills Across Gruetli Laager, Grundy County, Tennessee
Median Gruetli Laager Tax Bill
$466
Median Grundy County Tax Bill
$512
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Gruetli Laager, Grundy County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37339 | $126 | $286 | $466 | $723 | $1,026 |
Source: Ownwell