Silver Point, Putnam County, Tennessee Property Taxes

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

Median Silver Point, 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 Silver Point, TN home value: $119,800
Median annual Silver Point, TN tax bill: $744, $1,656 lower than the national median property tax bill of $2,400.

How are property taxes in Putnam County calculated?

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

Last Updated March 1, 2025

Silver Point, Putnam County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$743

$689

Ownwell’s Silver Point Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Silver Point with just two data points.

By entering your property's estimated assessed value, our calculator applies Silver Point’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 Putnam County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Silver Point, Putnam County, Tennessee

Local government entities set tax rates, which can vary widely within a state. Why? 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 Silver Point’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 Silver Point, Putnam County, Tennessee

Source: Ownwell

0.62%

0.72%

0.82%

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 Silver Point Tax Rate

0.62%

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 Silver Point, Putnam County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38582	0.62%	0.62%	0.62%	0.62%	0.62%

Source: Ownwell

Property Tax Assessment Values Across Silver Point, Putnam County, Tennessee

When examining property taxes in Silver Point, 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 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 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 Silver Point. For example, the median home price in Silver Point is $119,800, with tax bills ranging significantly across the county. Zip code 38582 has the highest median home price at $119,800.

Property Tax Assessment Values Across Silver Point, Putnam County, Tennessee

Source: Ownwell

$97,450

$142,975

$188,500

Median Silver Point Market Value

$119,800

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 Silver Point, Putnam County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38582	$24,940	$60,350	$119,800	$202,850	$301,740

Source: Ownwell

Property Tax Bills Across Silver Point, Putnam County, Tennessee

In Silver Point, located in Putnam County, TN, property tax bills are determined by the assessed value of a home, which is a percentage of the market value set by the county assessor. Homeowners in Silver Point experience a median property tax bill of $744, which is significantly lower than the national median of $2,400. This lower tax burden can be attributed to the area's relatively modest median home price of $119,800. While the 25th percentile of tax bills is $372, it can rise to $1,867 at the 90th percentile, indicating a range of tax liabilities depending on the property's assessed value and applicable tax rate. Despite these variations, many homeowners might still be overpaying due to incorrect assessments. That's where Ownwell comes in. By providing expert property tax appeal services, Ownwell helps homeowners challenge inaccurate assessments, potentially lowering their tax bills. With Ownwell's assistance, Silver Point homeowners can ensure they are not paying more than their fair share in property taxes.

Property Tax Bills Across Silver Point, Putnam County, Tennessee

Source: Ownwell

$602

$950

$1,298

Median Silver Point Tax Bill

$744

Median Putnam County Tax Bill

$1,204

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Silver Point, Putnam County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38582	$154	$372	$744	$1,256	$1,867

Source: Ownwell