Baxter, Putnam County, Tennessee Property Taxes
Median Baxter, TN effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Baxter, TN home value: $145,850
Median annual Baxter, TN tax bill: $997, $1,403 lower than the national median property tax bill of $2,400.
How are property taxes in Putnam County calculated?
Property taxes in Baxter, 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 Baxter’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Baxter, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Baxter, Putnam County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.62%
Estimate Property Tax Bill
$904
$839
Property Tax Rates Across Baxter, Putnam 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 Baxter’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
Baxter, located in Putnam County, has a median property tax rate of 0.62%, which is below the national median of 1.02%. This makes it an attractive location for property owners looking for lower property tax obligations. The consistency in Baxter’s tax rate, which matches both the highest and lowest rates in the area, highlights the stability of property taxation within this region. Comparing Baxter’s rate to the national median property tax bill of $2400, residents in Baxter enjoy a more favorable tax environment, potentially leading to significant savings.
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 Baxter Tax Rate
0.62%
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 Putnam County Tax Rate
0.62%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Baxter, Putnam County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38544 | 0.62% | 0.62% | 0.62% | 0.62% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Baxter, Putnam County, Tennessee
When examining property taxes in Baxter, 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 Putnam 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 Putnam 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 Baxter.
For example, the median home price in Baxter is $145,850, with tax bills ranging significantly across the county. Zip code 38544 has the highest median home price at $145,850.
Property Tax Assessment Values Across Baxter, Putnam County, Tennessee
Source: Ownwell
$97,450
$142,975
$188,500
Median Baxter Market Value
$145,850
Median Putnam County Market Value
$168,050
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Baxter, Putnam County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38544 | $43,700 | $90,200 | $145,850 | $216,750 | $294,870 |
Source: Ownwell
Property Tax Bills Across Baxter, Putnam County, Tennessee
Property tax bills in Baxter, located in Putnam County, Tennessee, are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Baxter experience property tax bills that vary significantly, with the 25th percentile at $620 and the 75th percentile at $1,461. The median tax bill in the area is $997, which is notably below the national median of $2,400, reflecting the relatively lower home values in the region. However, for some homeowners, the tax bill can reach up to $1,955 at the 90th percentile.
Ownwell assists homeowners by offering property tax appeal and exemption services, potentially lowering their tax burden. By analyzing property assessments and market trends, Ownwell identifies opportunities for savings and helps clients navigate the appeal process. This can result in significant reductions in property tax bills, providing financial relief and ensuring homeowners only pay their fair share.
Median Baxter Tax Bill
$997
Median Putnam County Tax Bill
$1,204
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Baxter, Putnam County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38544 | $284 | $620 | $997 | $1,461 | $1,955 |
Source: Ownwell