Hampshire, Lewis County, Tennessee Property Taxes

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

Median Hampshire, TN effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%. Median Hampshire, TN home value: $169,350. Median annual Hampshire, TN tax bill: $762, $1,638 lower than the national median property tax bill of $2,400. How are property taxes in Lewis County calculated? Property taxes in Hampshire, 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 Hampshire’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hampshire, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hampshire, Lewis County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.47%

Estimate Property Tax Bill

$796

$739

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

Property Tax Rates Across Hampshire, Lewis County, Tennessee

Local government entities determine tax rates, which can vary significantly across Tennessee. Each county estimates the budget needed to provide essential services and divides this by the total value of all taxable property in its area. This calculation determines the property tax rate. While votes and laws play a role in establishing tax rates and budgets, this is the annual process in a nutshell.

In Hampshire, located in Lewis County, the effective property tax rate is a reflection of this process. When comparing Hampshire's rate to other cities in Tennessee, it stands out due to its relatively low rate. Tennessee's median property tax rate is notably lower than the national median of 1.02%. This makes Tennessee an attractive option for property owners seeking lower tax burdens.

Property owners in Hampshire benefit from these lower rates, which can significantly impact overall housing affordability and long-term financial planning. Understanding how these rates are set and how they compare within the state and nationally can provide valuable insights for current and prospective property owners.

Property Tax Rates Across Hampshire, Lewis County, Tennessee

Source: Ownwell

0.47%

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 Hampshire Tax Rate

0.47%

Median Effective Lewis County Tax Rate

0.47%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hampshire, Lewis County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38461	0.47%	0.47%	0.47%	0.47%	0.47%

Source: Ownwell

Property Tax Assessment Values Across Hampshire, Lewis County, Tennessee

When examining property taxes in Hampshire, 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 Lewis 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 Lewis 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 Hampshire.

For example, the median home price in Hampshire is $169,350, with tax bills ranging significantly across the county. Zip code 38461 has the highest median home price at $169,350.

Property Tax Assessment Values Across Hampshire, Lewis County, Tennessee

Source: Ownwell

$104,300

$136,825

$169,350

Median Hampshire Market Value

$169,350

Median Lewis County Market Value

$107,300

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hampshire, Lewis County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38461	$52,320	$103,800	$169,350	$243,050	$337,470

Source: Ownwell

Property Tax Bills Across Hampshire, Lewis County, Tennessee

In Hampshire, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $169,350, homeowners in Hampshire can expect a property tax bill that varies significantly, ranging from the 25th percentile at $409 to the 90th percentile at $1,541. Despite these variations, the median property tax bill stands at $762, which is significantly lower than the national median property tax bill of $2,400. This lower tax bill can be attributed to the region's relatively modest property values and tax rates. However, even with lower tax bills, homeowners may still find opportunities to reduce their expenses. Ownwell offers valuable assistance by identifying potential savings through property tax appeals and exemptions. By leveraging local expertise and a deep understanding of property tax regulations, Ownwell helps homeowners potentially lower their tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Hampshire, Lewis County, Tennessee

Source: Ownwell

$462

$612

$762

Median Hampshire Tax Bill

$762

Median Lewis County Tax Bill

$476

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Hampshire, Lewis County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38461	$145	$409	$762	$1,106	$1,541

Source: Ownwell