College Grove, Rutherford County, Tennessee Property Taxes

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

Median College Grove, TN effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median College Grove, TN home value: $434,150
Median annual College Grove, TN tax bill: $2,398, $2 lower than the national median property tax bill of $2,400.

How are property taxes in Rutherford County calculated?

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

Last Updated March 1, 2025

College Grove, Rutherford County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.47%

Estimate Property Tax Bill

$2,041

$1,894

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

Property Tax Rates Across College Grove, Rutherford 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 College Grove’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S. College Grove, located in Rutherford County, stands out with a median property tax rate of 0.47%. This is significantly lower than the national median property tax rate of 1.02%. For homeowners in College Grove, this means a more affordable property tax bill compared to the national average. While local tax rates are influenced by various factors, the relatively low rates in College Grove can be an appealing aspect for potential homeowners looking to settle in the area.

Property Tax Rates Across College Grove, Rutherford County, Tennessee

Source: Ownwell

0.47%

0.59%

0.71%

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 College Grove Tax Rate

0.47%

Median Effective Rutherford County Tax Rate

0.60%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across College Grove, Rutherford County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37046	0.47%	0.47%	0.47%	0.47%	0.47%

Source: Ownwell

Property Tax Assessment Values Across College Grove, Rutherford County, Tennessee

When examining property taxes in College Grove, 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 Rutherford 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 Rutherford 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 College Grove. For example, the median home price in College Grove is $434,150, with tax bills ranging significantly across the county. Zip code 37046 has the highest median home price at $434,150.

Property Tax Assessment Values Across College Grove, Rutherford County, Tennessee

Source: Ownwell

$266,200

$375,650

$485,100

Median College Grove Market Value

$434,150

Median Rutherford County Market Value

$316,800

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across College Grove, Rutherford County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37046	$216,320	$303,100	$434,150	$666,000	$892,130

Source: Ownwell

Property Tax Bills Across College Grove, Rutherford County, Tennessee

In College Grove, located in Rutherford County, 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 market value of the property. With a median home price of $434,150, homeowners in this area can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,422, while the 75th percentile reaches $3,165, and the 90th percentile climbs to $4,292. Interestingly, the highest and lowest median tax bills both stand at $2,398 in the 37046 zip code, which is just below the national median property tax bill of $2,400. Factors such as home improvements and neighborhood developments can influence these values, impacting homeowners' expenses. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax burdens. By analyzing property assessments and market conditions, Ownwell ensures that homeowners are not overpaying, providing peace of mind and potential savings.

Property Tax Bills Across College Grove, Rutherford County, Tennessee

Source: Ownwell

$1,340

$2,124

$2,907

Median College Grove Tax Bill

$2,398

Median Rutherford County Tax Bill

$1,892

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across College Grove, Rutherford County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37046	$1,048	$1,422	$2,398	$3,165	$4,292

Source: Ownwell