Signal Mountain, Hamilton County, Tennessee Property Taxes
Median SIGNAL MOUNTAIN, TN effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median SIGNAL MOUNTAIN, TN home value: $356,800
Median annual SIGNAL MOUNTAIN, TN tax bill: $2,037, $363 lower than the national median property tax bill of $2,400.
How are property taxes in Hamilton calculated?
Property taxes in SIGNAL MOUNTAIN, 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 SIGNAL MOUNTAIN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in SIGNAL MOUNTAIN, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Signal Mountain, Hamilton County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.56%
Estimate Property Tax Bill
$1,998
$1,854
Property Tax Rates Across Signal Mountain, Hamilton County, Tennessee
Local government entities determine property tax rates, which can differ significantly within a state. Each county annually estimates its budget to provide necessary services and divides this by the total value of all taxable property in its area. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Signal Mountain, located in Hamilton County, the effective property tax rate is 0.56%. This rate is notably lower than the national median property tax rate of 1.02%, offering residents a more favorable tax environment. When compared to other cities within Tennessee, Signal Mountain's property tax rate is quite competitive, reflecting the region's commitment to maintaining manageable tax levels for property owners. With the national median property tax bill at $2,400, homeowners in Signal Mountain benefit from a lower financial burden, enhancing the appeal of living in this scenic area.
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 Signal Mountain Tax Rate
0.56%
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 Hamilton County Tax Rate
0.56%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Signal Mountain, Hamilton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37377 | 0.56% | 0.56% | 0.56% | 0.56% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Signal Mountain, Hamilton County, Tennessee
When examining property taxes in Signal Mountain, 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 Hamilton County Assessor's Office 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 Hamilton 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 Signal Mountain.
For example, the median home price in Signal Mountain is $356,800, with tax bills ranging significantly across the county. Zip code 37377 has the highest median home price at $356,800.
Property Tax Assessment Values Across Signal Mountain, Hamilton County, Tennessee
Source: Ownwell
$44,900
$299,425
$553,950
Median Signal Mountain Market Value
$356,800
Median Hamilton County Market Value
$194,600
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Signal Mountain, Hamilton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37377 | $171,000 | $251,500 | $356,800 | $483,275 | $654,200 |
Source: Ownwell
Property Tax Bills Across Signal Mountain, Hamilton County, Tennessee
In Signal Mountain, Hamilton County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. Homeowners in this city face a median property tax bill of $2,037, which is below the national median of $2,400. Factors influencing the tax bill include the property's assessed value and the local tax rate. The tax bill can vary significantly, with some homeowners paying as low as $1,451 while others may pay up to $3,807, depending on their property's valuation and location within the county.
High property taxes can place a significant financial burden on homeowners, especially if their property's assessed value is inaccurately high. Ownwell offers a solution by providing property tax appeal and exemption services. By conducting a thorough analysis of your property's assessed value, Ownwell can identify potential discrepancies and work to lower your tax bill. This service ensures that homeowners only pay their fair share, potentially saving hundreds or even thousands of dollars annually on property taxes.
Property Tax Bills Across Signal Mountain, Hamilton County, Tennessee
Source: Ownwell
$251
$1,690
$3,129
Median Signal Mountain Tax Bill
$2,037
Median Hamilton County Tax Bill
$1,209
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Signal Mountain, Hamilton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37377 | $996 | $1,451 | $2,037 | $2,742 | $3,807 |
Source: Ownwell