Mt Juliet, Rutherford County, Tennessee Property Taxes
Median MT JULIET, 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 MT JULIET, TN home value: $249,800
Median annual MT JULIET, TN tax bill: $1,172, $1,228 lower than the national median property tax bill of $2,400.
How are property taxes in Rutherford calculated?
Property taxes in MT 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 MT JULIET’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MT JULIET, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mt 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
$1,174
$1,089
Property Tax Rates Across Mt Juliet, Rutherford County, Tennessee
Local government entities set tax rates, which can vary significantly within Tennessee. Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process, though influenced by votes and laws, forms the core of annual tax rate determination.
In Mt. Juliet, located in Wilson County, the effective property tax rate is a reflection of this process. When compared to other cities in Tennessee, Mt. Juliet's tax rate offers a unique perspective on local taxation. The median property tax rate in Tennessee is notably lower than the national median, making it an attractive location for property owners seeking lower tax burdens.
Contrasting Mt. Juliet's tax rate with the national median highlights the variability in property tax rates across the country. With the national median property tax rate at 1.02%, many Tennessee residents find themselves benefiting from a more favorable tax environment. Understanding these differences can help property owners make informed decisions about where to invest or settle, considering both the financial implications and the quality of services provided by local governments.
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 Mt 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 Mt Juliet, Rutherford County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37122 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Mt Juliet, Rutherford County, Tennessee
When examining property taxes in MT 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 March. 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 MT JULIET. For example, the median home price in MT JULIET is $249,800, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Mt Juliet, Rutherford County, Tennessee
Source: Ownwell
$266,200
$375,650
$485,100
Median Mt Juliet Market Value
$249,800
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 Mt Juliet, Rutherford County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37122 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Mt Juliet, Rutherford County, Tennessee
In Mt. Juliet, located in Rutherford County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by the local assessor. Homeowners in Mt. Juliet typically face property tax bills ranging from $936 to $2,301, with the 75th percentile bill being $1,878. This is considerably lower than the national median property tax bill of $2,400, providing some financial relief to local homeowners. However, discrepancies can occur if properties are over-assessed, leading to higher tax bills.
Ownwell offers a solution by providing property tax appeal services. By reviewing your property's assessment, Ownwell can identify inaccuracies and file appeals on your behalf, potentially lowering your tax bill. With expertise in local property tax regulations, Ownwell ensures that homeowners in Mt. Juliet receive fair assessments, maximizing savings. This service not only helps reduce financial burdens but also ensures that you are not overpaying on your property taxes.
Median Mt Juliet Tax Bill
$1,172
Median Rutherford County Tax Bill
$1,892
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Mt Juliet, Rutherford County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37122 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell