Taft, Lincoln County, Tennessee Property Taxes

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

Median Taft, TN effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Taft, TN home value: $136,550
Median annual Taft, TN tax bill: $718, $1,682 lower than the national median property tax bill of $2,400.

How are property taxes in Lincoln County calculated?

Property taxes in Taft, 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 Taft’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Taft, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Taft, Lincoln County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.53%

Estimate Property Tax Bill

$724

$672

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

Property Tax Rates Across Taft, Lincoln County, Tennessee

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its budget needs for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play roles in setting these rates and budgets, this is essentially how the process unfolds each year. In Taft, located in Lincoln County, Tennessee, the effective property tax rate can be compared to other cities in the state and the national median property tax rate. Tennessee's median property tax rate is notably lower than the national median of 1.02%. This means residents in Taft and throughout Lincoln County generally experience lower property tax bills compared to many other areas across the country. For homeowners in Taft, this can translate to significant savings, making it an attractive location for those looking to minimize their property tax expenses while enjoying the benefits of local services.

Property Tax Rates Across Taft, Lincoln County, Tennessee

Source: Ownwell

0.53%

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 Taft Tax Rate

0.53%

Median Effective Lincoln County Tax Rate

0.53%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Taft, Lincoln County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38488	0.53%	0.53%	0.53%	0.53%	0.53%

Source: Ownwell

Property Tax Assessment Values Across Taft, Lincoln County, Tennessee

When examining property taxes in Taft, Tennessee, 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 Lincoln 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. Assessment notices: In Lincoln 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 Taft. For example, the median home price in Taft is $136,550, with tax bills ranging significantly across the county. 38488 has the highest median home price at $136,550.

Property Tax Assessment Values Across Taft, Lincoln County, Tennessee

Source: Ownwell

$103,100

$119,825

$136,550

Median Taft Market Value

$136,550

Median Lincoln County Market Value

$117,700

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Taft, Lincoln County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38488	$47,230	$82,050	$136,550	$215,125	$311,910

Source: Ownwell

Property Tax Bills Across Taft, Lincoln County, Tennessee

In Taft, located in Lincoln County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the final tax bill. Homeowners in Taft face a median property tax bill of $718, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, with the 25th percentile at $431 and the 90th percentile reaching $1,641. Factors such as property location, size, and improvements can influence these variations. For homeowners looking to reduce their property tax burden, Ownwell offers expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it to similar properties, Ownwell identifies opportunities for tax reductions. This personalized approach ensures that homeowners pay only their fair share, potentially saving them hundreds of dollars annually on their property taxes.

Property Tax Bills Across Taft, Lincoln County, Tennessee

Source: Ownwell

$542

$639

$736

Median Taft Tax Bill

$718

Median Lincoln County Tax Bill

$686

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Taft, Lincoln County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38488	$248	$431	$718	$1,129	$1,641

Source: Ownwell