Centerville, Hickman County, Tennessee Property Taxes

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

Median Centerville, TN effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Centerville, TN home value: $104,900
Median annual Centerville, TN tax bill: $682, $1,718 lower than the national median property tax bill of $2,400.

How are property taxes in Hickman County calculated?

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

Last Updated March 1, 2025

Centerville, Hickman County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.58%

Estimate Property Tax Bill

$608

$565

Ownwell’s Centerville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Centerville with just two data points. By entering your property's estimated assessed value, our calculator applies Centerville’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 Hickman County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Centerville, Hickman County, Tennessee

Local government entities are responsible for setting property tax rates, which can differ significantly across a state. This variation occurs because each county annually estimates the budget needed to provide essential services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and legislation play roles in determining these rates and budgets, this calculation forms the core of the annual process.

In Centerville, located in Hickman County, the effective property tax rate is notably lower than both the state and national medians. The median property tax rate in Tennessee is significantly below the national median of 1.02%. This makes Centerville an attractive location for property owners seeking lower tax burdens. The effective tax rate in Centerville is reflective of the broader trend in Tennessee, where property tax rates are among the lowest in the country. This can be a significant advantage for homeowners looking to maximize their investment and reduce annual expenses. Comparing Centerville's property tax rate to other cities in Tennessee and the U.S. can provide valuable insights for potential property buyers and current homeowners alike.

Property Tax Rates Across Centerville, Hickman County, Tennessee

Source: Ownwell

0.54%

0.56%

0.58%

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 Centerville Tax Rate

0.58%

Median Effective Hickman County Tax Rate

0.58%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Centerville, Hickman County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37033	0.50%	0.58%	0.58%	0.82%	0.82%

Source: Ownwell

Property Tax Assessment Values Across Centerville, Hickman County, Tennessee

When examining property taxes in Centerville, 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 Hickman 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. Assessment notices: In Hickman 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 Centerville. For example, the median home price in Centerville is $104,900, with tax bills ranging significantly across the county. 37033 has the highest median home price at $104,900.

Property Tax Assessment Values Across Centerville, Hickman County, Tennessee

Source: Ownwell

$1,800

$88,000

$174,200

Median Centerville Market Value

$104,900

Median Hickman County Market Value

$65,800

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Centerville, Hickman County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37033	$14,900	$36,300	$104,900	$181,100	$279,920

Source: Ownwell

Property Tax Bills Across Centerville, Hickman County, Tennessee

In Centerville, located in Hickman County, TN, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors such as property location, size, and improvements can influence the assessed value, impacting the final tax bill. In Centerville, the median property tax bill is $682, significantly lower than the national median of $2,400. Homeowners in the 25th percentile pay around $227, while those in the 90th percentile see bills as high as $1,750. Despite these lower rates, homeowners can still benefit from appealing their property taxes. Ownwell offers expert services to help homeowners navigate the appeal process, potentially lowering their tax burden. With a deep understanding of local tax codes and valuation methods, Ownwell can assist in identifying discrepancies in assessments, ensuring homeowners pay only their fair share.

Property Tax Bills Across Centerville, Hickman County, Tennessee

Source: Ownwell

$10

$436

$862

Median Centerville Tax Bill

$682

Median Hickman County Tax Bill

$379

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Centerville, Hickman County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37033	$97	$227	$682	$1,212	$1,750

Source: Ownwell