Mount Juliet, Rutherford County, Tennessee Property Taxes
Median Mount Juliet, TN effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the TN state median of 0.64%.
Median Mount Juliet, TN home value: $477,650
Median annual Mount Juliet, TN tax bill: $2,147, $253 lower than the national median property tax bill of $2,400.
How are property taxes in Rutherford County calculated?
Property taxes in Mount Juliet, 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 Mount Juliet’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Juliet, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mount Juliet, Rutherford County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$2,245
$2,083
Property Tax Rates Across Mount Juliet, Rutherford County, Tennessee
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and then divides this by the total value of all taxable property within its jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially how the process unfolds each year.
In Mount Juliet, located in Rutherford County, the effective property tax rate is notably lower than the national median of 1.02%. When compared to other cities within Tennessee, Mount Juliet's rate remains consistent, reflecting the county's approach to taxation. The median property tax rate in Tennessee is also lower than the national average, making it an attractive option for homeowners seeking lower tax obligations.
For those considering property investment or relocation, understanding how local tax rates compare to state and national averages is crucial. Mount Juliet offers a favorable tax environment, which can contribute to long-term savings and financial stability for its residents.
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 Mount Juliet Tax Rate
0.47%
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 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 Mount Juliet, Rutherford County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37122 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Mount Juliet, Rutherford County, Tennessee
When examining property taxes in Mount Juliet, 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 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 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 Mount Juliet. For example, the median home price in Mount Juliet is $477,650, with tax bills ranging significantly across the county. Zip code 37122 has the highest median home price at $477,650.
Property Tax Assessment Values Across Mount Juliet, Rutherford County, Tennessee
Source: Ownwell
$266,200
$375,650
$485,100
Median Mount Juliet Market Value
$477,650
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 Mount Juliet, Rutherford County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37122 | $249,950 | $330,375 | $477,650 | $634,375 | $771,000 |
Source: Ownwell
Property Tax Bills Across Mount Juliet, Rutherford County, Tennessee
In Mount Juliet, Tennessee, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Mount Juliet, the median property tax bill stands at $2,147, which is slightly below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,500 and the 90th percentile reaching $3,608. Factors influencing these variations include the property's location, size, and any applicable exemptions. High property tax bills can be a financial burden, impacting homeowners' budgets and overall cost of living.
Ownwell steps in to assist homeowners by providing expert property tax appeal and exemption services. Our team analyzes your property tax assessment to identify potential inaccuracies or opportunities for exemptions. By successfully appealing your property tax, Ownwell can help reduce your tax bill, easing your financial burden and ensuring you're not overpaying.
Property Tax Bills Across Mount Juliet, Rutherford County, Tennessee
Source: Ownwell
$1,340
$2,124
$2,907
Median Mount Juliet Tax Bill
$2,147
Median Rutherford County Tax Bill
$1,892
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Mount Juliet, Rutherford County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37122 | $1,160 | $1,500 | $2,147 | $2,960 | $3,608 |
Source: Ownwell