Shelbyville, Maury County, Tennessee Property Taxes

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

Median Shelbyville, 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 Shelbyville, TN home value: $450,300. Median annual Shelbyville, TN tax bill: $2,150, $250 lower than the national median property tax bill of $2,400.

How are property taxes in Maury County calculated?

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

Last Updated March 1, 2025

Shelbyville, Maury County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.48%

Estimate Property Tax Bill

$2,161

$2,006

Ownwell’s Shelbyville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shelbyville with just two data points. By entering your property's estimated assessed value, our calculator applies Shelbyville’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 47119. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Shelbyville, Maury County, Tennessee

Local government entities set tax rates, which can vary widely within a state. 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 Shelbyville’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S. Shelbyville, located in Bedford County, has a property tax rate that is notably lower than the national median property tax rate of 1.02%. This can result in significant savings for homeowners, especially when compared to the national median property tax bill of $2,400. Understanding how these rates are determined and how they compare can empower property owners to make informed decisions about their investments.

Property Tax Rates Across Shelbyville, Maury County, Tennessee

Source: Ownwell

0.48%

0.69%

0.90%

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 Shelbyville Tax Rate

0.48%

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 Shelbyville, Maury County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37160	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Shelbyville, Maury County, Tennessee

When examining property taxes in Shelbyville, 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 Maury County Assessor 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 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 Shelbyville. For example, the median home price in Shelbyville is $450,300, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Shelbyville, Maury County, Tennessee

Source: Ownwell

$26,700

$174,150

$321,600

Median Shelbyville Market Value

$450,300

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 Shelbyville, Maury County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37160	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Shelbyville, Maury County, Tennessee

In Shelbyville, located in Maury County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the home's market value. The property tax rate is then applied to this assessed value to determine the annual tax bill. In Shelbyville, the median property tax bill stands at $2,150, which is slightly below the national median of $2,400. This indicates a relatively moderate tax burden for homeowners in the area. However, even with these rates, many homeowners may find their property tax bills to be a significant expense. Ownwell can assist homeowners by offering property tax appeal and exemption services, helping to ensure that they are not overpaying on their tax bills. By analyzing local market data and comparable property values, Ownwell can identify discrepancies in assessed values and potentially lower the property tax burden for homeowners, leading to substantial savings.

Property Tax Bills Across Shelbyville, Maury County, Tennessee

Source: Ownwell

$200

$1,078

$1,956

Median Shelbyville Tax Bill

$2,150

Median Maury County Tax Bill

$1,525

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Shelbyville, Maury County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37160	N/A	N/A	N/A	N/A	N/A

Source: Ownwell