Soddy Daisy, Hamilton County, Tennessee Property Taxes
Median Soddy Daisy, TN effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%. Median Soddy Daisy, TN home value: $195,700. Median annual Soddy Daisy, TN tax bill: $1,233, $1,167 lower than the national median property tax bill of $2,400.
How are property taxes in Hamilton calculated?
Property taxes in Soddy Daisy, 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 Soddy Daisy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Soddy Daisy, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Soddy Daisy, Hamilton County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.57%
Estimate Property Tax Bill
$1,115
$1,035
Property Tax Rates Across Soddy Daisy, Hamilton County, Tennessee
Local government entities are responsible for setting tax rates, and these can vary significantly within a state. This variation is due to each county's annual process of estimating the budget required to provide essential services. The county then divides this budget by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this calculation forms the core of the annual process.
In Soddy Daisy, located in Hamilton County, the effective property tax rate stands out when compared to other cities in Tennessee. The median property tax rate in Tennessee is notably lower than the national median of 1.02%. This makes Soddy Daisy an attractive option for homeowners seeking lower property tax burdens. The effective tax rate here is a reflection of the county's budgetary needs balanced against the total assessed property value, which can offer residents some financial relief compared to the national average.
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 Soddy Daisy Tax Rate
0.57%
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 Soddy Daisy, Hamilton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37379 | 0.56% | 0.56% | 0.57% | 0.84% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Soddy Daisy, Hamilton County, Tennessee
When examining property taxes in Soddy Daisy, 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 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 Soddy Daisy.
For example, the median home price in Soddy Daisy is $195,700, with tax bills ranging significantly across the county. Zip code 37379 has the highest median home price at $195,700.
Property Tax Assessment Values Across Soddy Daisy, Hamilton County, Tennessee
Source: Ownwell
$44,900
$299,425
$553,950
Median Soddy Daisy Market Value
$195,700
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 Soddy Daisy, Hamilton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37379 | $69,200 | $116,300 | $195,700 | $284,400 | $424,580 |
Source: Ownwell
Property Tax Bills Across Soddy Daisy, Hamilton County, Tennessee
In Soddy Daisy, located in Hamilton County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $195,700. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as location, home size, and improvements can influence the assessed value, thus affecting the tax bill. Homeowners in Soddy Daisy can expect a median property tax bill of around $1,233, which is notably lower than the national median of $2,400. However, tax bills can vary significantly, ranging from $810 at the 25th percentile to $2,647 at the 90th percentile.
Ownwell helps homeowners by reviewing their property assessments to ensure accuracy and identifying potential savings. By filing appeals and seeking exemptions, Ownwell can reduce the financial burden of property taxes, helping homeowners save money and gain peace of mind.
Median Soddy Daisy Tax Bill
$1,233
Median Hamilton County Tax Bill
$1,209
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Soddy Daisy, Hamilton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37379 | $468 | $810 | $1,233 | $1,871 | $2,647 |
Source: Ownwell