Columbia, Marshall County, Tennessee Property Taxes
Median Columbia, 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 Columbia, TN home value: $204,400. Median annual Columbia, TN tax bill: $934, $1,466 lower than the national median property tax bill of $2,400.
How are property taxes in Marshall County calculated?
Property taxes in Columbia, 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 Columbia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Columbia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Columbia, Marshall County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.45%
Estimate Property Tax Bill
$920
$854
Ownwell’s Columbia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Columbia with just two data points. By entering your property's estimated assessed value, our calculator applies Columbia’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. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Columbia, Marshall County, Tennessee
Local government entities set tax rates, which can vary widely within a state. 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, this is the annual process in a nutshell.
Below, you can compare Columbia’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S. Columbia, located in Marshall County, has an effective property tax rate of 0.45%, which is significantly lower than the national median property tax rate of 1.02%. This means that homeowners in Columbia enjoy a lower tax burden compared to many other parts of the country.
The property tax rate in Columbia is consistent across the city, with both the highest and lowest median tax rates being 0.45% in the 38401 zip code. This uniformity provides residents with predictability in their annual property tax bills, contributing to a stable financial environment for property owners.
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 Columbia Tax Rate
0.45%
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 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 Columbia, Marshall County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38401 | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Columbia, Marshall County, Tennessee
When examining property taxes in Columbia, 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 Columbia.
For example, the median home price in Columbia is $204,400, with tax bills ranging significantly across the county. Zip code 38401 has the highest median home price at $204,400.
Property Tax Assessment Values Across Columbia, Marshall County, Tennessee
Source: Ownwell
$171,200
$298,800
$426,400
Median Columbia Market Value
$204,400
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 Columbia, Marshall County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38401 | $80,800 | $145,550 | $204,400 | $270,750 | $425,500 |
Source: Ownwell
Property Tax Bills Across Columbia, Marshall County, Tennessee
In Columbia, 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 then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include property size, location, and any applicable exemptions. Homeowners in Columbia face a median property tax bill of $934, which is significantly lower than the national median of $2,400. However, for those in the upper percentile, tax bills can reach up to $1,913, reflecting variations in property values and assessments.
Homeowners can find these tax bills burdensome, especially if their property's assessed value is inaccurately high. Ownwell assists homeowners by reviewing assessments and identifying opportunities for appeals or exemptions, potentially lowering their tax bills. By leveraging local expertise and data-driven insights, Ownwell ensures homeowners pay only their fair share, providing peace of mind and financial relief in a landscape where property taxes can vary widely.
Median Columbia Tax Bill
$934
Median Marshall County Tax Bill
$1,145
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Columbia, Marshall County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38401 | $405 | $666 | $934 | $1,230 | $1,913 |
Source: Ownwell