Chapel Hill, Marshall County, Tennessee Property Taxes

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

Median Chapel Hill, TN effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Chapel Hill, TN home value: $270,900
Median annual Chapel Hill, TN tax bill: $1,368, $1,032 lower than the national median property tax bill of $2,400.

How are property taxes in Marshall calculated?

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

Last Updated March 1, 2025

Chapel Hill, Marshall County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.45%

Estimate Property Tax Bill

$1,219

$1,131

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

Property Tax Rates Across Chapel Hill, Marshall County, Tennessee

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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. Chapel Hill in Marshall County, TN, has an effective property tax rate of 0.45%, which is significantly lower than the national median property tax rate of 1.02%. This low rate can be particularly appealing to property owners, as it translates to more affordable property tax bills compared to the national median of $2,400. Such a favorable tax environment may contribute to Chapel Hill's attractiveness for both current residents and prospective property buyers. Understanding these differences in tax rates can be crucial for homeowners and investors when making decisions about property purchases or relocations.

Property Tax Rates Across Chapel Hill, Marshall County, Tennessee

Source: Ownwell

0.45%

0.57%

0.69%

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 Chapel Hill Tax Rate

0.45%

Median Effective Marshall County Tax Rate

0.45%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chapel Hill, Marshall County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37034	0.45%	0.45%	0.45%	0.48%	0.68%

Source: Ownwell

Property Tax Assessment Values Across Chapel Hill, Marshall County, Tennessee

When examining property taxes in Chapel Hill, 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 Marshall 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 Marshall 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 Chapel Hill. For example, the median home price in Chapel Hill is $270,900, with tax bills ranging significantly across the county. Zip code 37034 has the highest median home price at $270,900.

Property Tax Assessment Values Across Chapel Hill, Marshall County, Tennessee

Source: Ownwell

$171,200

$298,800

$426,400

Median Chapel Hill Market Value

$270,900

Median Marshall County Market Value

$204,200

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chapel Hill, Marshall County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37034	$139,300	$200,875	$270,900	$353,525	$438,800

Source: Ownwell

Property Tax Bills Across Chapel Hill, Marshall County, Tennessee

In Chapel Hill, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as the property's location, size, and condition can influence its assessed value. In Chapel Hill, homeowners experience a median property tax bill of $1,368, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,043 and the 90th percentile reaching $2,204, indicating a range of tax burdens that homeowners may face.

Ownwell assists homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners challenge overvaluations and secure potential savings. This service ensures that homeowners pay only their fair share, potentially lowering their annual tax burden and providing financial relief in a region where tax bills can vary widely.

Property Tax Bills Across Chapel Hill, Marshall County, Tennessee

Source: Ownwell

$761

$1,350

$1,939

Median Chapel Hill Tax Bill

$1,368

Median Marshall County Tax Bill

$1,145

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Chapel Hill, Marshall County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37034	$742	$1,043	$1,368	$1,726	$2,204

Source: Ownwell