Springville, Henry County, Tennessee Property Taxes
Median Springville, TN effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Springville, TN home value: $71,750
Median annual Springville, TN tax bill: $340, $2,060 lower than the national median property tax bill of $2,400.
How are property taxes in Henry County calculated?
Property taxes in Springville, 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 Springville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Springville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Springville, Henry County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$337
$313
Property Tax Rates Across Springville, Henry County, Tennessee
Local government entities set tax rates, and these can vary widely within Tennessee. This variation occurs because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Springville’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
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 Springville Tax Rate
0.47%
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 Henry County Tax Rate
0.47%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Springville, Henry County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38256 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Springville, Henry County, Tennessee
When examining property taxes in Springville, 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 Henry 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 Henry 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 Springville. For example, the median home price in Springville is $71,750, with tax bills ranging significantly across the county. Zip code 38256 has the highest median home price at $71,750.
Property Tax Assessment Values Across Springville, Henry County, Tennessee
Source: Ownwell
$69,950
$88,675
$107,400
Median Springville Market Value
$71,750
Median Henry County Market Value
$86,700
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Springville, Henry County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38256 | $23,300 | $39,925 | $71,750 | $127,925 | $220,440 |
Source: Ownwell
Property Tax Bills Across Springville, Henry County, Tennessee
In Springville, located in Henry County, TN, property tax bills are calculated based on a property's assessed value and the local tax rate. The assessed value is determined by the local assessor's office and typically represents a percentage of the property's market value. Homeowners can expect a median property tax bill around $340, which is significantly lower than the national median of $2,400. However, this amount can vary, with tax bills ranging from the 25th percentile at $190 to the 90th percentile at $1,051, depending on the property's assessed value and applicable exemptions.
These tax bills impact homeowners by affecting their annual expenses and potentially influencing property affordability. Ownwell can assist homeowners in Springville by providing property tax appeal services, ensuring that their property is assessed fairly and accurately. By identifying potential savings and applying for eligible exemptions, Ownwell helps reduce the financial burden of property taxes, allowing homeowners to enjoy more significant savings and peace of mind.
Median Springville Tax Bill
$340
Median Henry County Tax Bill
$449
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Springville, Henry County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38256 | $110 | $190 | $340 | $608 | $1,051 |
Source: Ownwell