Hilham, Overton County, Tennessee Property Taxes

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

Median Hilham, TN effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%. Median Hilham, TN home value: $87,900. Median annual Hilham, TN tax bill: $441, $1,959 lower than the national median property tax bill of $2,400. How are property taxes in Overton County calculated? Property taxes in Hilham, 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 Hilham’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hilham, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hilham, Overton County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.49%

Estimate Property Tax Bill

$431

$400

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

Property Tax Rates Across Hilham, Overton 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 Hilham’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.

Hilham, situated in Overton County, has a median property tax rate of 0.49%, which is significantly below the national median of 1.02%. This lower rate can be attractive to property owners seeking to reduce their annual expenses. In contrast, the national median property tax bill is $2400, making Hilham an appealing option for those looking to save on property taxes. As property tax rates are a crucial factor in homeownership costs, Hilham’s competitive rate stands out in the broader landscape.

Property Tax Rates Across Hilham, Overton County, Tennessee

Source: Ownwell

0.49%

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 Hilham Tax Rate

0.49%

Median Effective Overton County Tax Rate

0.49%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hilham, Overton County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38568	0.49%	0.49%	0.49%	0.49%	0.49%

Source: Ownwell

Property Tax Assessment Values Across Hilham, Overton County, Tennessee

When examining property taxes in Hilham, 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 Overton 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 Overton 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 Hilham. For example, the median home price in Hilham is $87,900, with tax bills ranging significantly across the county. The 38568 zip code has the highest median home price at $87,900.

Property Tax Assessment Values Across Hilham, Overton County, Tennessee

Source: Ownwell

$62,250

$96,075

$129,900

Median Hilham Market Value

$87,900

Median Overton County Market Value

$101,600

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hilham, Overton County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38568	$24,080	$47,400	$87,900	$146,200	$217,220

Source: Ownwell

Property Tax Bills Across Hilham, Overton County, Tennessee

In Hilham, Tennessee, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, and in Tennessee, this is typically 25% for residential properties. Homeowners in Hilham, located in Overton County, experience a range in their property tax bills, with the 25th percentile paying around $237 and the 90th percentile reaching up to $1,088. The median tax bill is $441, which is significantly lower than the national median of $2,400. This can be attributed to the relatively low median home price of $87,900 in the area. Despite the lower tax bills, homeowners still seek ways to reduce their expenses. Ownwell offers expert property tax appeal services to ensure homeowners are not overpaying. By analyzing property assessments and identifying discrepancies, Ownwell can help secure potential savings, providing peace of mind and financial relief for property owners in Hilham.

Property Tax Bills Across Hilham, Overton County, Tennessee

Source: Ownwell

$268

$459

$650

Median Hilham Tax Bill

$441

Median Overton County Tax Bill

$570

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Hilham, Overton County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38568	$115	$237	$441	$727	$1,088

Source: Ownwell