Taft, Lincoln County, Tennessee Property Taxes
Property Taxes in Taft, Tennessee
Median Taft, Tennessee effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, and lower than the Tennessee state median of 0.54%.
Median Taft, Tennessee home value: $274,150
Median annual Taft, Tennessee tax bill: $1,128, lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln calculated?
Property taxes in Taft, Tennessee 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 April 13, 2026
Taft, Lincoln County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$1,289
$1,196
How Does the Taft Property Tax Calculator Work?
Use this Taft property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Taft's median effective tax rate of 0.47% — based on actual property records in Lincoln County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Taft's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Taft: rates range from 0.47% in 38488 to 0.47% in 38488, primarily due to differences in school district levies and local assessment districts. Taft's median property tax bill of $1,128 is lower than the Tennessee median and $1,272 below the state median property tax bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Taft.
About Taft Property Taxes
About Property Taxes in Taft, Lincoln, Tennessee
Taft’s median effective property tax rate of 0.47% is lower than the Tennessee state median of 0.54% and lower than the national median of 1.02%. This rate reflects the Lincoln County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Taft. Homeowners in the 38488 ZIP code carry a median effective rate of 0.47%, while those in the same ZIP also pay 0.47%. This reflects how school district boundaries and local assessment districts are drawn across Lincoln County. Understanding which part of Taft you live in can make a meaningful difference to your annual tax bill.
Taft homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 31, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Taft, Lincoln County, Tennessee
As noted earlier, 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.
Below, you can compare Taft's effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
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
0.47%
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 Lincoln County Tax Rate
0.47%
Median Effective Tennessee Tax Rate
0.54%
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 | 0.24% | 0.35% | 0.47% | 0.48% | 0.48% |
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 May.
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 $274,150, with tax bills ranging significantly across the county. 38488 has the highest median home price at $274,150.
Property Tax Assessment Values Across Taft, Lincoln County, Tennessee
Source: Ownwell
$193,450
$244,050
$294,650
Median Taft Market Value
$274,150
Median Lincoln County Market Value
$214,800
Median Tennessee Market Value
$213,900
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 | $89,090 | $156,225 | $274,150 | $475,900 | $729,730 |
Source: Ownwell
Property Tax Bills Across Taft, Lincoln County, Tennessee
Property tax bills in Taft are based on the assessed value of a home and the local tax rate set for Lincoln County. The assessed value is the starting point for the calculation, and that figure is then multiplied by the applicable tax rate to determine the annual bill. For homeowners, this means that changes in market value, assessment practices, or local tax rates can all affect what they owe.
With a median home price of $274,150, property taxes can vary widely from one home to another. The 25th percentile tax bill is $711, while the 75th percentile is $1,702 and the 90th percentile reaches $2,436. The median tax bill in the area is $1,128, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. For homeowners, understanding how the bill is calculated can help explain why similar homes may receive different tax bills.
Median Taft Tax Bill
$1,128
Median Lincoln County Tax Bill
$1,032
Median Tennessee Tax Bill
$1,126
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 | $412 | $711 | $1,128 | $1,702 | $2,436 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 31 |
Links | |
|---|---|
| Lincoln Tax Assessor | |
| Website | lincoln.paytntaxes.com |