Woodlawn, Montgomery County, Tennessee Property Taxes

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

Median WOODLAWN, 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 WOODLAWN, TN home value: $167,350
Median annual WOODLAWN, TN tax bill: $1,239, $1,161 lower than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Woodlawn, Montgomery County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.53%

Estimate Property Tax Bill

$1,527

$1,417

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

Property Tax Rates Across Woodlawn, Montgomery County, Tennessee

Local government entities set tax rates, which can vary widely within a state. This variation occurs because 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 Woodlawn’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.

Property Tax Rates Across Woodlawn, Montgomery County, Tennessee

Source: Ownwell

0.52%

0.64%

0.75%

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 Woodlawn Tax Rate

0.53%

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 Woodlawn, Montgomery County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37191	0.52%	0.52%	0.53%	0.53%	0.75%

Source: Ownwell

Property Tax Assessment Values Across Woodlawn, Montgomery County, Tennessee

When examining property taxes in Woodlawn, 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 Woodlawn.

For example, the median home price in Woodlawn is $167,350, with tax bills ranging significantly across the county. Zip code 37191 has the highest median home price at $167,350.

Property Tax Assessment Values Across Woodlawn, Montgomery County, Tennessee

Source: Ownwell

$241,900

$345,775

$449,650

Median Woodlawn Market Value

$288,100

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 Woodlawn, Montgomery County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37191	$149,700	$221,200	$288,100	$394,450	$565,728

Source: Ownwell

Property Tax Bills Across Woodlawn, Montgomery County, Tennessee

In Woodlawn, Montgomery County, TN, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $167,350, homeowners in this area face varying tax bills. For instance, the 25th percentile tax bill is $938, while the 75th percentile reaches $1,670, and the 90th percentile climbs to $2,308. Compared to the national median property tax bill of $2,400, Woodlawn's tax bills are relatively moderate. However, they can still be a financial burden. Homeowners can benefit from appealing their property tax assessments to potentially lower their tax obligations. Ownwell offers expert property tax appeal services, analyzing assessments and market data to identify opportunities for savings. By ensuring that homeowners are not overpaying, Ownwell helps to reduce property tax bills and ease the financial load on households.

Property Tax Bills Across Woodlawn, Montgomery County, Tennessee

Source: Ownwell

$1,274

$1,911

$2,548

Median Woodlawn Tax Bill

$1,535

Median Montgomery County Tax Bill

$2,110

Median Tennessee Tax Bill

$1,126

Median United States Tax Bill

$2,400

Property Tax Bills Across Woodlawn, Montgomery County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37191	$781	$1,169	$1,535	$2,138	$3,056

Source: Ownwell