Southside, Montgomery County, Tennessee Property Taxes
Median Southside, TN effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Southside, TN home value: $177,700
Median annual Southside, TN tax bill: $1,290, $1,110 lower than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Southside, 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 Southside’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Southside, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Southside, Montgomery County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.53%
Estimate Property Tax Bill
$1,673
$1,552
Property Tax Rates Across Southside, Montgomery 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, in a nutshell, this is the annual process.
In Southside, located in Montgomery County, TN, the property tax rate is notably lower than both the state and national medians. With a median property tax rate of 0.75%, Southside stands out as a more affordable option compared to the national median of 1.02%. This lower tax burden can significantly impact homeowners' annual expenses, making Southside an attractive location for potential property buyers or investors. The effective property tax rate in Southside is consistent across the county, offering predictability for residents. Comparing Southside's rate to other cities in Tennessee and across the U.S. highlights its competitive advantage in terms of property tax affordability. For those considering a move or investment, Southside's favorable tax rate is a key factor to consider, promising lower annual property tax bills.
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 Southside Tax Rate
0.53%
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 Montgomery County Tax Rate
0.74%
Median Effective Tennessee Tax Rate
0.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Southside, Montgomery County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37171 | 0.45% | 0.52% | 0.53% | 0.53% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Southside, Montgomery County, Tennessee
When examining property taxes in Southside, 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 Montgomery 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 Montgomery 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 Southside.
For example, the median home price in Southside is $177,700, with tax bills ranging significantly across the county. 37171 has the highest median home price at $177,700.
Property Tax Assessment Values Across Southside, Montgomery County, Tennessee
Source: Ownwell
$241,900
$345,775
$449,650
Median Southside Market Value
$315,600
Median Montgomery County Market Value
$292,700
Median Tennessee Market Value
$213,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Southside, Montgomery County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37171 | $114,760 | $180,250 | $315,600 | $485,600 | $618,370 |
Source: Ownwell
Property Tax Bills Across Southside, Montgomery County, Tennessee
Median Southside Tax Bill
$1,635
Median Montgomery County Tax Bill
$2,110
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$2,400
Property Tax Bills Across Southside, Montgomery County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37171 | $607 | $942 | $1,635 | $2,641 | $3,819 |
Source: Ownwell