Culleoka, Maury County, Tennessee Property Taxes
Median Culleoka, TN effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Culleoka, TN home value: $209,950
Median annual Culleoka, TN tax bill: $982, $1,418 lower than the national median property tax bill of $2,400.
How are property taxes in Maury County calculated?
Property taxes in Culleoka, 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 Culleoka’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Culleoka, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Culleoka, Maury County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.48%
Estimate Property Tax Bill
$1,008
$935
Property Tax Rates Across Culleoka, Maury County, Tennessee
Local government entities determine property tax rates, leading to significant variations within a state. This occurs because each county annually calculates its budget needs for services and divides this by the total assessed value of all taxable properties within its boundaries, resulting in the property tax rate. While votes and legislation influence these rates and budgets, this is essentially the yearly procedure.
In Culleoka, Maury County, Tennessee, the effective property tax rate is notably lower than the national median of 1.02%. This makes Culleoka an attractive location for property owners looking for lower tax burdens. The median property tax rate in Tennessee is also below the national median, highlighting the state's generally favorable tax environment. Culleoka's rate is consistent with the state's trend, providing residents with a financial advantage compared to many other regions in the country.
For property owners, understanding these rates is crucial when considering buying or maintaining property in Culleoka, as it can significantly impact overall expenses. This lower tax rate can lead to savings, making Culleoka a compelling choice for those seeking cost-effective property ownership.
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 Culleoka Tax Rate
0.48%
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 Maury County Tax Rate
0.66%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Culleoka, Maury County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38451 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Culleoka, Maury County, Tennessee
When examining property taxes in Culleoka, 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 Maury County Assessor's Office 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 Maury 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 Culleoka. For example, the median home price in Culleoka is $209,950, with tax bills ranging significantly across the county. Zip code 38451 has the highest median home price at $210,000.
Property Tax Assessment Values Across Culleoka, Maury County, Tennessee
Source: Ownwell
$26,700
$174,150
$321,600
Median Culleoka Market Value
$209,950
Median Maury County Market Value
$247,600
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Culleoka, Maury County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38451 | $57,400 | $124,900 | $210,000 | $304,700 | $439,480 |
Source: Ownwell
Property Tax Bills Across Culleoka, Maury County, Tennessee
Median Culleoka Tax Bill
$982
Median Maury County Tax Bill
$1,525
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Culleoka, Maury County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38451 | $274 | $584 | $982 | $1,387 | $1,981 |
Source: Ownwell
