Medon, Hardeman County, Tennessee Property Taxes

Name: Property Tax Bills Across Medon, Hardeman County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Medon, TN effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Medon, TN home value: $58,700
Median annual Medon, TN tax bill: $490, $1,910 lower than the national median property tax bill of $2,400.

How are property taxes in Hardeman calculated?

Property taxes in Medon, 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 Medon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Medon, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Medon, Hardeman County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$487

$452

Ownwell’s Medon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Medon with just two data points. By entering your property's estimated assessed value, our calculator applies Medon’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hardeman County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Medon, Hardeman County, Tennessee

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. Each year, counties determine their necessary budgets to fund public services and divide this amount by the total value of all taxable properties within their boundaries. This calculation yields the property tax rate. Although the process involves various votes and legislation, this is essentially how annual property tax rates are determined.

In Medon, located in Hardeman County, Tennessee, the effective property tax rate is 0.83%. This rate is notably lower than the national median property tax rate of 1.02%, making Medon an attractive location for property owners looking to minimize their tax expenses. With the median property tax rate in Tennessee also at 0.83%, Medon aligns well with state averages, offering a balanced tax environment. Comparing Medon's rate to other cities in Tennessee, it remains consistent, providing a stable and predictable tax landscape for its residents. This consistency can be advantageous for homeowners seeking financial predictability in their property-related expenses.

Property Tax Rates Across Medon, Hardeman County, Tennessee

Source: Ownwell

0.77%

0.90%

1.02%

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 Medon Tax Rate

0.83%

Median Effective Hardeman County Tax Rate

0.89%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Medon, Hardeman County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38356	0.69%	0.73%	0.83%	1.05%	1.60%

Source: Ownwell

Property Tax Assessment Values Across Medon, Hardeman County, Tennessee

When examining property taxes in Medon, Tennessee, 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 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. Assessment notices: 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 Medon. For example, the median home price in Medon is $58,700, with tax bills ranging significantly across the county. 38356 has the highest median home price at $58,700.

Property Tax Assessment Values Across Medon, Hardeman County, Tennessee

Source: Ownwell

$53,900

$64,950

$76,000

Median Medon Market Value

$58,700

Median Hardeman County Market Value

$64,600

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Medon, Hardeman County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38356	$13,190	$26,650	$58,700	$107,950	$178,940

Source: Ownwell

Property Tax Bills Across Medon, Hardeman County, Tennessee

In Medon, located in Hardeman County, TN, property tax bills are calculated based on the assessed value of a home. The median home price in Medon is $58,700, which is considerably lower than the national median. The property tax rate applied to this assessed value determines the tax bill. In Medon, property tax bills can vary significantly, with the 25th percentile at $293 and the 90th percentile reaching $1,256. The highest and lowest median tax bill both stand at $490, indicating a consistent rate within certain areas of the city. This variation affects homeowners by impacting their annual expenses, with higher tax bills potentially straining budgets. However, Ownwell provides a valuable service by helping homeowners appeal their property tax assessments and secure exemptions. By leveraging expertise in local tax codes and regulations, Ownwell can assist homeowners in reducing their tax liabilities, ensuring they only pay their fair share. This can lead to significant savings, offering financial relief and peace of mind.

Property Tax Bills Across Medon, Hardeman County, Tennessee

Source: Ownwell

$480

$556

$632

Median Medon Tax Bill

$490

Median Hardeman County Tax Bill

$587

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Medon, Hardeman County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38356	$193	$293	$490	$799	$1,256

Source: Ownwell