Lyles, Hickman County, Tennessee Property Taxes
Median Lyles, 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 Lyles, TN home value: $104,300
Median annual Lyles, TN tax bill: $583, $1,817 lower than the national median property tax bill of $2,400.
How are property taxes in Hickman County calculated?
Property taxes in Lyles, 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 Lyles’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lyles, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lyles, Hickman County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.58%
Estimate Property Tax Bill
$605
$561
Property Tax Rates Across Lyles, Hickman County, Tennessee
Local government entities set tax rates, which can vary widely within a state. 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 Lyles’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
Lyles, located in Hickman County, boasts a property tax rate that aligns with the county's median rate of 0.58%. This rate is significantly lower than the national median property tax rate of 1.02%. The lower tax rate in Lyles makes it an attractive option for property owners seeking to minimize their annual tax burden. Despite being lower than the national average, the rate is consistent across Hickman County, indicating a stable tax environment for residents. This stability can be appealing for potential homeowners and investors looking to settle in Tennessee.
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 Lyles Tax Rate
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 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 Lyles, Hickman County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37098 | 0.54% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Lyles, Hickman County, Tennessee
When examining property taxes in Lyles, 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 Tax Assessor 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 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 Lyles.
For example, the median home price in Lyles is $104,300, with tax bills ranging significantly across the county. 37098 has the highest median home price at $104,300.
Property Tax Assessment Values Across Lyles, Hickman County, Tennessee
Source: Ownwell
$1,800
$88,000
$174,200
Median Lyles Market Value
$104,300
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 Lyles, Hickman County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37098 | $23,900 | $46,400 | $104,300 | $176,700 | $261,180 |
Source: Ownwell
Property Tax Bills Across Lyles, Hickman County, Tennessee
Median Lyles Tax Bill
$583
Median Hickman County Tax Bill
$379
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Lyles, Hickman County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37098 | $135 | $266 | $583 | $967 | $1,366 |
Source: Ownwell