Decatur, Polk County, Tennessee Property Taxes
Median Decatur, TN effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%. Median Decatur, TN home value: $27,450. Median annual Decatur, TN tax bill: $116, $2,284 lower than the national median property tax bill of $2,400.
How are property taxes in Polk County calculated?
Property taxes in Decatur, 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 Decatur’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Decatur, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Decatur, Polk County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.63%
Estimate Property Tax Bill
$173
$160
Property Tax Rates Across Decatur, Polk County, Tennessee
Local government entities determine property tax rates, which can differ significantly across Tennessee. Each county, including Polk County, calculates its budget needs annually for essential services and divides this amount by the total value of all taxable properties within its boundaries. This process establishes the property tax rate. Although the setting of tax rates and budgets involves votes and legislative measures, this calculation is the core of the process.
In Decatur, located in Polk County, the effective property tax rate provides an interesting comparison to other cities in Tennessee, as well as to state and national figures. Tennessee's median property tax rate stands at 0.63%, which is notably lower than the national median of 1.02%. This positions Tennessee favorably for property owners when compared to many other states. The median property tax bill in Tennessee also tends to be lower than the national median bill of $2,400, offering a financial advantage to property owners in the state. Understanding these figures can help property owners in Decatur and across Tennessee make informed decisions about property taxes and potential appeals.
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 Decatur Tax Rate
0.63%
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 Polk County Tax Rate
0.63%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Decatur, Polk County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30033 | N/A | N/A | N/A | N/A | N/A |
| 37322 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Decatur, Polk County, Tennessee
When examining property taxes in Decatur, 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 Polk 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 Polk 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 Decatur.
For example, the median home price in Decatur is $27,450, with tax bills ranging significantly across the county. 37322 has the highest median home price at $27,450.
Property Tax Assessment Values Across Decatur, Polk County, Tennessee
Source: Ownwell
$7,200
$36,200
$65,200
Median Decatur Market Value
$27,450
Median Polk County Market Value
$48,850
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Decatur, Polk County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30033 | N/A | N/A | N/A | N/A | N/A |
| 37322 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Decatur, Polk County, Tennessee
Property tax bills in Decatur, located in Polk County, Tennessee, are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value to determine the annual tax bill. In Decatur, the property tax bill for the majority of homeowners is notably low, with the 25th, 75th, and 90th percentiles all at $116. This is significantly below the national median property tax bill of $2,400. The low tax bills can be attributed to the relatively low median home price of $27,450 in the area. These factors can influence homeownership decisions, as lower property taxes can make owning a home more affordable.
Ownwell offers valuable assistance to homeowners by providing property tax appeal services. By assessing the accuracy of your property's assessed value and identifying potential exemptions, Ownwell can help ensure that you are not overpaying on your property taxes. This can lead to substantial savings, making homeownership even more economical in Decatur.
Median Decatur Tax Bill
$116
Median Polk County Tax Bill
$310
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Decatur, Polk County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30033 | N/A | N/A | N/A | N/A | N/A |
| 37322 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell