Ethridge, Lawrence County, Tennessee Property Taxes
Median Ethridge, TN effective property tax rate: 0.50%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Ethridge, TN home value: $142,800
Median annual Ethridge, TN tax bill: $723, $1,677 lower than the national median property tax bill of $2,400.
How are property taxes in Lawrence County calculated?
Property taxes in Ethridge, 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 Ethridge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ethridge, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ethridge, Lawrence County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.5%
Estimate Property Tax Bill
$714
$663
Property Tax Rates Across Ethridge, Lawrence 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 Ethridge’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
Ethridge, located in Lawrence County, Tennessee, has a median property tax rate of 0.50%, which is significantly lower than the national median of 1.02%. This makes Ethridge an attractive location for property owners seeking lower property tax burdens. While Tennessee's median property tax rate is relatively low compared to other states, Ethridge stands out even within Tennessee for its affordability. This low tax rate can be particularly appealing for homeowners looking to maximize their investment and reduce annual expenses. With the highest and lowest median tax rates in Ethridge being the same, residents enjoy consistent and predictable property tax bills, adding to the financial appeal of living in this area.
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 Ethridge Tax Rate
0.50%
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 Lawrence County Tax Rate
0.50%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ethridge, Lawrence County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38456 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Ethridge, Lawrence County, Tennessee
When examining property taxes in Ethridge, 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 Lawrence 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 Lawrence 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 Ethridge. For example, the median home price in Ethridge is $142,800, with tax bills ranging significantly across the county. Zip code 38456 has the highest median home price at $142,800.
Property Tax Assessment Values Across Ethridge, Lawrence County, Tennessee
Source: Ownwell
$88,700
$176,475
$264,250
Median Ethridge Market Value
$142,800
Median Lawrence County Market Value
$151,000
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ethridge, Lawrence County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38456 | $39,480 | $88,800 | $142,800 | $211,300 | $309,240 |
Source: Ownwell
Property Tax Bills Across Ethridge, Lawrence County, Tennessee
Median Ethridge Tax Bill
$723
Median Lawrence County Tax Bill
$875
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Ethridge, Lawrence County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38456 | $201 | $447 | $723 | $1,078 | $1,558 |
Source: Ownwell