Gordonsville, Smith County, Tennessee Property Taxes
Median Gordonsville, TN effective property tax rate: 0.43%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Gordonsville, TN home value: $184,100
Median annual Gordonsville, TN tax bill: $928, $1,472 lower than the national median property tax bill of $2,400.
How are property taxes in Smith County calculated?
Property taxes in Gordonsville, 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 Gordonsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gordonsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gordonsville, Smith County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.43%
Estimate Property Tax Bill
$792
$735
Property Tax Rates Across Gordonsville, Smith County, Tennessee
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county calculates its required budget to provide essential services and divides that by the total value of all taxable property within its borders. This calculation determines the property tax rate. While the process involves votes and legislation, this is essentially how annual property tax rates are established.
In Gordonsville, located in Smith County, TN, the property tax rate is a reflection of this process. When comparing Gordonsville’s effective property tax rate to other cities in Tennessee, it’s notable that the median property tax rate in Tennessee is 0.43%, which is significantly lower than the national median property tax rate of 1.02%. This lower rate can result in substantial savings for property owners in Gordonsville compared to other regions across the country. Understanding these differences can help property owners make informed decisions about property investments and tax liabilities.
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 Gordonsville Tax Rate
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 Gordonsville, Smith County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38563 | 0.43% | 0.43% | 0.43% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Gordonsville, Smith County, Tennessee
When examining property taxes in Gordonsville, 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 Smith 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 Smith 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 Gordonsville.
For example, the median home price in Gordonsville is $184,100, with tax bills ranging significantly across the county. Zip code 38563 has the highest median home price at $184,100.
Property Tax Assessment Values Across Gordonsville, Smith County, Tennessee
Source: Ownwell
$115,000
$149,650
$184,300
Median Gordonsville Market Value
$184,100
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 Gordonsville, Smith County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38563 | $45,340 | $126,050 | $184,100 | $252,350 | $345,040 |
Source: Ownwell
Property Tax Bills Across Gordonsville, Smith County, Tennessee
Median Gordonsville Tax Bill
$928
Median Smith County Tax Bill
$769
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Gordonsville, Smith County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38563 | $216 | $563 | $928 | $1,318 | $1,757 |
Source: Ownwell