Shady Valley, Johnson County, Tennessee Property Taxes
Median SHADY VALLEY, TN effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median SHADY VALLEY, TN home value: $103,500
Median annual SHADY VALLEY, TN tax bill: $468, $1,932 lower than the national median property tax bill of $2,400.
How are property taxes in Johnson County calculated?
Property taxes in SHADY VALLEY, 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 SHADY VALLEY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in SHADY VALLEY, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Shady Valley, Johnson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.55%
Estimate Property Tax Bill
$617
$572
Property Tax Rates Across Shady Valley, Johnson County, Tennessee
Local government entities set tax rates, which can vary widely within a state. Why? 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.
In Shady Valley, situated in Johnson County, Tennessee, the effective property tax rate is notable. When compared to the national median property tax rate of 1.02%, Shady Valley's rate is relatively low. This can be a significant advantage for property owners in the area, as lower property tax rates can contribute to reduced annual tax bills, potentially enhancing the affordability of homeownership.
For those considering relocation or investment in Tennessee, understanding the local property tax landscape is crucial. With Shady Valley’s effective tax rate, property owners can enjoy the benefits of lower taxes compared to many other regions in the U.S., making it an attractive option for those seeking cost-effective living.
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 Shady Valley Tax Rate
0.55%
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 Johnson County Tax Rate
0.55%
Median Effective Tennessee Tax Rate
0.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Shady Valley, Johnson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37688 | 0.36% | 0.55% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Shady Valley, Johnson County, Tennessee
When examining property taxes in Shady Valley, 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 Johnson 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 Johnson 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 Shady Valley. For example, the median home price in Shady Valley is $103,500, with tax bills ranging significantly across the county. The 37688 zip code has the highest median home price at $103,500.
Property Tax Assessment Values Across Shady Valley, Johnson County, Tennessee
Source: Ownwell
$82,000
$103,775
$125,550
Median Shady Valley Market Value
$112,150
Median Johnson County Market Value
$107,950
Median Tennessee Market Value
$213,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Shady Valley, Johnson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37688 | $37,600 | $65,775 | $112,150 | $173,625 | $289,920 |
Source: Ownwell
Property Tax Bills Across Shady Valley, Johnson County, Tennessee
In Shady Valley, Tennessee, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $103,500, homeowners in Johnson County typically see tax bills ranging from $284 at the 25th percentile to $1,084 at the 90th percentile. The median property tax bill in the area is $468, significantly below the national median of $2,400. This lower tax burden can be advantageous for homeowners, but it also means that any increase can have a noticeable impact on their finances.
Ownwell offers valuable services to help homeowners in Shady Valley potentially reduce their property tax bills. By appealing the assessed value of a property, Ownwell can assist in lowering the tax burden. This process involves a thorough analysis of the property's market value and comparable properties to ensure the assessment is fair and accurate. With Ownwell's expertise, homeowners can achieve significant savings on their property taxes.
Median Shady Valley Tax Bill
$572
Median Johnson County Tax Bill
$561
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$2,400
Property Tax Bills Across Shady Valley, Johnson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37688 | $208 | $351 | $572 | $870 | $1,293 |
Source: Ownwell