Signal Mountain, Polk County, Tennessee Property Taxes
Median Signal Mountain, 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 Signal Mountain, TN home value: $243,400. Median annual Signal Mountain, TN tax bill: $1,529, $871 lower than the national median property tax bill of $2,400.
How are property taxes in Polk calculated?
Property taxes in Signal Mountain, 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 Signal Mountain’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Signal Mountain, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Signal Mountain, 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
$1,533
$1,423
Property Tax Rates Across Signal Mountain, Polk County, Tennessee
Local government entities set tax rates, which can vary widely within a state. This variation is due to the annual process where each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this calculation is at the heart of the process.
In Signal Mountain, Hamilton County, TN, the effective property tax rate is notably lower than the national median of 1.02%. This can offer significant savings compared to other areas. The median property tax bill in Signal Mountain is also lower than the national median of $2,400, providing further financial relief to homeowners.
Comparing these figures with other cities in Tennessee and the national averages highlights the potential benefits of owning property in Signal Mountain. With a property tax rate below both the state and national medians, Signal Mountain stands out as an attractive option for property owners looking to minimize their tax burden while enjoying the amenities the area offers.
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 Signal Mountain 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 Signal Mountain, Polk County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37377 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Signal Mountain, Polk County, Tennessee
When examining property taxes in Signal Mountain, 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 Polk 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 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 Signal Mountain. For example, the median home price in Signal Mountain is $243,400, with tax bills ranging significantly across the county. 37377 has the highest median home price at $243,400.
Property Tax Assessment Values Across Signal Mountain, Polk County, Tennessee
Source: Ownwell
$7,200
$36,200
$65,200
Median Signal Mountain Market Value
$243,400
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 Signal Mountain, Polk County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37377 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Signal Mountain, Polk County, Tennessee
In Signal Mountain, TN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by local authorities. Homeowners in Signal Mountain face a property tax bill that can significantly impact their finances. The median home price in the area is $243,400, and the tax bill for many homeowners falls around $1,529, which is below the national median of $2,400. This lower tax bill can be attributed to the area's relatively moderate tax rate compared to the national median property tax rate of 1.02%.
Homeowners can benefit from Ownwell's expertise in reducing their property tax bills. Ownwell provides property tax appeal services that can help ensure that homes are not over-assessed, potentially leading to significant savings. By leveraging local market data and expert analysis, Ownwell can identify opportunities for homeowners to lower their tax obligations, providing financial relief and peace of mind.
Median Signal Mountain Tax Bill
$1,529
Median Polk County Tax Bill
$310
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Signal Mountain, Polk County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37377 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell