Hohenwald, Hickman County, Tennessee Property Taxes
Median Hohenwald, 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 Hohenwald, TN home value: $130,450. Median annual Hohenwald, TN tax bill: $592, $1,808 lower than the national median property tax bill of $2,400.
How are property taxes in Hickman County calculated?
Property taxes in Hohenwald, 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 Hohenwald’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hohenwald, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hohenwald, Hickman County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.48%
Estimate Property Tax Bill
$695
$645
Property Tax Rates Across Hohenwald, Hickman County, Tennessee
Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides that figure by the total assessed value of all taxable properties within its jurisdiction. This process yields the property tax rate. While the setting of tax rates and budgets involves votes and legislation, this is essentially the annual procedure.
In Hohenwald, located in Lewis County, Tennessee, the effective property tax rate offers a unique perspective compared to other cities in the state. Tennessee's median property tax rate is notably lower than the national median of 1.02%, making it an attractive state for property owners. Residents in Hohenwald benefit from this lower tax rate, which can result in significant savings when compared to the national median property tax bill of $2,400. This favorable tax environment can be a compelling factor for those considering property investment or relocation within the state. By examining Hohenwald's effective property tax rate alongside other cities in Tennessee and national figures, potential homeowners can make informed decisions about their property investments.
Our median effective property tax rate (tax bill Ă· 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 Hohenwald Tax Rate
0.48%
Our median effective property tax rate (tax bill Ă· 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 Hickman County Tax Rate
0.58%
Median Effective Tennessee Tax Rate
0.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hohenwald, Hickman County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38462 | 0.22% | 0.40% | 0.48% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Hohenwald, Hickman County, Tennessee
When examining property taxes in Hohenwald, 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 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 Hickman County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Hohenwald. For example, the median home price in Hohenwald is $130,450, with tax bills ranging significantly across the county. 38462 has the highest median home price at $130,450.
Property Tax Assessment Values Across Hohenwald, Hickman County, Tennessee
Source: Ownwell
$1,800
$91,800
$181,800
Median Hohenwald Market Value
$144,800
Median Hickman County Market Value
$69,400
Median Tennessee Market Value
$213,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hohenwald, Hickman County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38462 | $44,540 | $86,875 | $144,800 | $290,525 | $466,290 |
Source: Ownwell
Property Tax Bills Across Hohenwald, Hickman County, Tennessee
Median Hohenwald Tax Bill
$744
Median Hickman County Tax Bill
$393
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$2,400
Property Tax Bills Across Hohenwald, Hickman County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38462 | $139 | $225 | $744 | $1,371 | $2,317 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Hickman Tax Assessor | |
| Website | hickman.capturecama.com |