Mount Pleasant, Lewis County, Tennessee Property Taxes
Median MOUNT PLEASANT, 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 MOUNT PLEASANT, TN home value: $121,850
Median annual MOUNT PLEASANT, TN tax bill: $520, $1,880 lower than the national median property tax bill of $2,400.
How are property taxes in Lewis County calculated?
Property taxes in MOUNT PLEASANT, 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 MOUNT PLEASANT’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MOUNT PLEASANT, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mount Pleasant, Lewis County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$573
$531
Property Tax Rates Across Mount Pleasant, Lewis County, Tennessee
Local government entities determine property tax rates, which can significantly differ within a state. This variation occurs because each county annually calculates its budget requirements to deliver services and divides this by the total assessed value of all taxable properties within its jurisdiction. This process results in the property tax rate. Although setting tax rates and budgets involves votes and legislation, this annual procedure essentially determines the rates.
In Mount Pleasant, located in Lewis County, Tennessee, property owners experience a median property tax rate of 0.47%. This rate is notably lower than the national median property tax rate of 1.02%. As a result, residents of Mount Pleasant benefit from a more affordable property tax burden compared to many other areas across the United States.
By comparing Mount Pleasant's effective property tax rate to other cities in Tennessee and the national median, it's clear that the region offers a favorable property tax environment. This can be an attractive factor for potential homeowners and investors considering the area, as lower property taxes can significantly impact the overall cost of homeownership and investment returns.
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 Mount Pleasant Tax Rate
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 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 Mount Pleasant, Lewis County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38474 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Mount Pleasant, Lewis County, Tennessee
When examining property taxes in Mount Pleasant, 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 Mount Pleasant. For example, the median home price in Mount Pleasant is $121,850, with tax bills ranging significantly across the county. Zip code 38474 has the highest median home price at $121,850.
Property Tax Assessment Values Across Mount Pleasant, Lewis County, Tennessee
Source: Ownwell
$104,300
$136,825
$169,350
Median Mount Pleasant Market Value
$121,850
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 Mount Pleasant, Lewis County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38474 | $39,430 | $89,075 | $121,850 | $200,475 | $252,960 |
Source: Ownwell
Property Tax Bills Across Mount Pleasant, Lewis County, Tennessee
In Mount Pleasant, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Mount Pleasant face a median property tax bill of $520, which is significantly lower than the national median of $2,400. However, even in areas with lower tax bills, ensuring accurate assessments is crucial to avoid overpaying.
Ownwell helps homeowners by offering expert property tax appeal services. By analyzing property data and identifying discrepancies in assessments, Ownwell can assist homeowners in potentially reducing their tax bills. This service is particularly beneficial for those who feel their property's assessed value does not accurately reflect its true market value, ensuring that homeowners only pay their fair share in taxes.
Median Mount Pleasant Tax Bill
$520
Median Lewis County Tax Bill
$476
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Mount Pleasant, Lewis County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38474 | $78 | $303 | $520 | $831 | $1,171 |
Source: Ownwell