Bolivar, Hardeman County, Tennessee Property Taxes
Median Bolivar, TN effective property tax rate: 1.02%, matching the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Bolivar, TN home value: $64,200
Median annual Bolivar, TN tax bill: $632, $1,768 lower than the national median property tax bill of $2,400.
How are property taxes in Hardeman County calculated?
Property taxes in Bolivar, 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 Bolivar’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bolivar, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bolivar, Hardeman County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.45%
Estimate Property Tax Bill
$488
$452
Property Tax Rates Across Bolivar, Hardeman County, Tennessee
Local government entities set property tax rates, which can differ significantly across a state. Each year, counties determine the necessary budget to provide public services and divide that by the total assessed value of all taxable properties in their area. This process establishes the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the general annual procedure.
In Bolivar, located in Hardeman County, TN, the effective property tax rate can be compared to other cities in Tennessee and the national median. Bolivar's tax rate is aligned with both the state and national median, which is 1.02%. This makes it neither the highest nor the lowest in the region. With the national median property tax bill at $2,400, Bolivar residents experience a tax rate that reflects the national average. Understanding these rates can help property owners make informed decisions about their investments and potential savings through property tax appeals and exemptions.
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 Bolivar Tax Rate
0.45%
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 Hardeman County Tax Rate
0.45%
Median Effective Tennessee Tax Rate
0.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bolivar, Hardeman County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38008 | 0.32% | 0.45% | 0.45% | 0.45% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Bolivar, Hardeman County, Tennessee
When examining property taxes in Bolivar, 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 Hardeman 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 Hardeman 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 Bolivar. For example, the median home price in Bolivar is $64,200, with tax bills ranging significantly across the county. 38008 has the highest median home price at $64,200.
Property Tax Assessment Values Across Bolivar, Hardeman County, Tennessee
Source: Ownwell
$90,700
$113,575
$136,450
Median Bolivar Market Value
$108,350
Median Hardeman County Market Value
$111,200
Median Tennessee Market Value
$213,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bolivar, Hardeman County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38008 | $33,550 | $68,425 | $108,350 | $171,375 | $285,200 |
Source: Ownwell
Property Tax Bills Across Bolivar, Hardeman County, Tennessee
Median Bolivar Tax Bill
$503
Median Hardeman County Tax Bill
$508
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$2,400
Property Tax Bills Across Bolivar, Hardeman County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38008 | $129 | $299 | $503 | $863 | $1,387 |
Source: Ownwell