Smith County, Tennessee Property Taxes

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

Median Smith County effective property tax rate: 0.43%, significantly lower than the national median of 1.02%.
Median Smith County home value: $164,300
Median annual Smith County tax bill: $769, $1,631 lower than the national median property tax bill of $2,400.

How are property taxes in Smith County calculated?

Property taxes in Smith County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Carthage or another part of Smith County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Smith County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.43%

Estimate Property Tax Bill

$706

$656

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

By entering your property's estimated assessed value, our calculator applies Smith County’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 more 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 Smith County.

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

Property Tax Rates Across Smith 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 Smith County's effective property tax rate to other counties in Tennessee or the U.S. median property tax rate.

Property Tax Rates Across Smith County, Tennessee

Source: Ownwell

0.43%

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 Smith County Tax Rate

0.43%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Smith County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Alexandria	0.43%	0.43%	0.43%	0.43%	0.43%
Brush Creek	0.43%	0.43%	0.43%	0.43%	0.61%
Buffalo Valley	0.43%	0.43%	0.43%	0.43%	0.43%
Carthage	0.43%	0.43%	0.43%	0.64%	0.64%
Chestnut Mound	0.43%	0.43%	0.43%	0.43%	0.43%
Dixon Springs	0.43%	0.43%	0.43%	0.43%	0.43%
Elmwood	0.43%	0.43%	0.43%	0.43%	0.43%
Gordonsville	0.43%	0.43%	0.43%	0.58%	0.58%
Hickman	0.43%	0.43%	0.43%	0.43%	0.58%
Lancaster	0.43%	0.43%	0.43%	0.43%	0.43%
Lebanon	0.43%	0.43%	0.43%	0.43%	0.43%
Pleasant Shade	0.43%	0.43%	0.43%	0.43%	0.43%
Riddleton	0.43%	0.43%	0.43%	0.43%	0.43%
Watertown	0.43%	0.43%	0.43%	0.43%	0.43%
Gainesboro	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Smith County, Tennessee

When examining property taxes in Smith County, 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 Smith 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.

Assessment notices: In Smith County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Smith County. For example, the median tax bill in Smith County is $928, with tax bills ranging significantly across the county. Gordonsville has the highest median home price at $184,100.

Property Tax Assessment Values Across Smith County, Tennessee

Source: Ownwell

$115,000

$149,650

$184,300

Median Smith County Market Value

$164,300

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Smith County, Tennessee

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Alexandria	$34,080	$65,500	$161,700	$220,900	$311,960
Brush Creek	$42,690	$108,400	$173,550	$268,050	$396,660
Buffalo Valley	$36,500	$49,550	$115,000	$180,900	$273,800
Carthage	$49,530	$105,300	$172,850	$251,425	$352,380
Chestnut Mound	$28,260	$52,800	$122,700	$204,000	$251,300
Dixon Springs	$27,190	$63,500	$150,500	$218,725	$278,240
Elmwood	$32,760	$68,300	$146,000	$224,400	$312,200
Gordonsville	$45,340	$126,050	$184,100	$252,350	$345,040
Hickman	$34,000	$102,100	$160,000	$231,700	$317,640
Lancaster	$22,860	$70,100	$131,000	$199,300	$265,540
Lebanon	$44,140	$102,950	$169,950	$238,300	$344,220
Pleasant Shade	$28,740	$59,275	$139,250	$209,800	$278,350
Riddleton	$43,600	$90,950	$169,000	$262,250	$341,700
Watertown	$41,460	$79,950	$142,650	$216,875	$308,490
Gainesboro	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Smith County, Tennessee

In Smith County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the location and size of the property, as well as any applicable exemptions, can influence the final tax amount. Homeowners in Smith County experience varying tax bills, with the 25th percentile paying around $426, while those in the 75th percentile pay approximately $1,159. At the 90th percentile, tax bills can reach up to $1,617. Compared to the national median property tax bill of $2,400, Smith County's tax bills are relatively lower. However, the highest median tax bill in the county is found in Gordonsville at $928, while Buffalo Valley has the lowest at $498. These differences highlight the impact of location and property characteristics on tax liabilities, affecting homeowners' financial planning and budgeting.

Property Tax Bills Across Smith County, Tennessee

Source: Ownwell

$498

$713

$928

Median Smith County Tax Bill

$769

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Smith County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Alexandria	$148	$284	$701	$957	$1,352
Brush Creek	$186	$454	$778	$1,250	$1,794
Buffalo Valley	$158	$214	$498	$784	$1,186
Carthage	$223	$538	$886	$1,298	$1,725
Chestnut Mound	$122	$224	$499	$839	$1,084
Dixon Springs	$118	$262	$630	$947	$1,206
Elmwood	$142	$293	$627	$958	$1,353
Gordonsville	$216	$563	$928	$1,318	$1,757
Hickman	$156	$452	$713	$1,061	$1,435
Lancaster	$99	$304	$568	$864	$1,151
Lebanon	$192	$431	$730	$1,031	$1,492
Pleasant Shade	$123	$256	$597	$905	$1,198
Riddleton	$182	$394	$732	$1,136	$1,481
Watertown	$179	$346	$616	$936	$1,337
Gainesboro	N/A	N/A	N/A	N/A	N/A

Source: Ownwell