Ten Mile, Meigs County, Tennessee Property Taxes
Median Ten Mile, TN effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Ten Mile, TN home value: $149,650
Median annual Ten Mile, TN tax bill: $640, $1,760 lower than the national median property tax bill of $2,400.
How are property taxes in Meigs calculated?
Property taxes in Ten Mile, 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 Ten Mile’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ten Mile, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ten Mile, Meigs County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.42%
Estimate Property Tax Bill
$629
$583
Property Tax Rates Across Ten Mile, Meigs County, Tennessee
Local government entities determine tax rates, which can vary significantly across a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially how the process works annually.
In Ten Mile, located in Meigs County, Tennessee, the effective property tax rate stands at 0.42%, which is notably lower than the national median of 1.02%. This indicates a relatively low tax burden for property owners in this area compared to the national level. When comparing Ten Mile to other cities within Tennessee, the property tax rate remains consistent, as it is both the highest and lowest within the region. This uniformity highlights a stable tax environment for residents. The lower tax rate can be appealing to potential property buyers and investors seeking to minimize their tax liabilities while benefiting from local services.
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 Ten Mile Tax Rate
0.42%
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 Meigs County Tax Rate
0.42%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ten Mile, Meigs County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37880 | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Ten Mile, Meigs County, Tennessee
When examining property taxes in Ten Mile, 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 Meigs County Tax 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 Meigs 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 Ten Mile. For example, the median home price in Ten Mile is $149,650, with tax bills ranging significantly across the county. Zip code 37880 has the highest median home price at $149,650.
Property Tax Assessment Values Across Ten Mile, Meigs County, Tennessee
Source: Ownwell
$73,100
$111,375
$149,650
Median Ten Mile Market Value
$149,650
Median Meigs County Market Value
$118,500
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ten Mile, Meigs County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37880 | $24,310 | $58,675 | $149,650 | $285,575 | $449,500 |
Source: Ownwell
Property Tax Bills Across Ten Mile, Meigs County, Tennessee
In Ten Mile, Meigs County, TN, property tax bills are determined 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 calculate the tax bill. Factors influencing this include the home's location, size, and any improvements made. Homeowners in Ten Mile face a median property tax bill of $640, which is significantly lower than the national median of $2,400. However, it is important for homeowners to ensure their property's assessed value is accurate, as over-assessment can lead to higher tax bills.
Ownwell assists homeowners by providing property tax appeal services, ensuring that their property is not over-assessed. By reviewing and appealing incorrect assessments, Ownwell helps homeowners potentially lower their tax bills. This service is particularly beneficial in areas like Ten Mile, where even a modest reduction in assessed value can result in meaningful savings for homeowners.
Median Ten Mile Tax Bill
$640
Median Meigs County Tax Bill
$522
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Ten Mile, Meigs County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37880 | $105 | $250 | $640 | $1,222 | $1,951 |
Source: Ownwell