Tipton County, Tennessee Property Taxes

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

Median Tipton County effective property tax rate: 0.51%, significantly lower than the national median of 1.02%.
Median Tipton County home value: $143,800
Median annual Tipton County tax bill: $880, $1,520 lower than the national median property tax bill of $2,400.

How are property taxes in Tipton County calculated?

Property taxes in Tipton 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 Covington or another part of Tipton County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Tipton County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.51%

Estimate Property Tax Bill

$733

$681

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

Property Tax Rates Across Tipton County, Tennessee

Local government entities set tax rates, which can vary widely within a state. 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, this is the annual process.

Tipton County's effective property tax rate stands at 0.51%, which is significantly lower than the national median property tax rate of 1.02%. Tipton County's rate is also the lowest in the county, with Stanton sharing this rate. In contrast, Munford holds the highest median tax rate in the county at 0.80%. This variation highlights the impact of local budgetary needs and property values on tax rates.

Understanding these differences can be crucial for property owners considering relocation or investment within the county. By comparing Tipton County's property tax rate to other areas, property owners can make informed decisions and potentially benefit from lower tax obligations.

Property Tax Rates Across Tipton County, Tennessee

Source: Ownwell

0.51%

0.66%

0.80%

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 Tipton County Tax Rate

0.51%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tipton County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Atoka	0.51%	0.77%	0.77%	0.77%	0.77%
Brighton	0.51%	0.51%	0.51%	0.76%	0.76%
Burlison	0.51%	0.51%	0.51%	0.51%	0.51%
Covington	0.51%	0.51%	0.51%	0.82%	0.82%
Drummonds	0.51%	0.51%	0.51%	0.51%	0.51%
Mason	0.51%	0.51%	0.51%	0.88%	0.88%
Millington	0.51%	0.51%	0.51%	0.51%	0.77%
Munford	0.51%	0.51%	0.80%	0.80%	0.80%
Stanton	0.51%	0.51%	0.51%	0.51%	0.51%
Somerville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Tipton County, Tennessee

When examining property taxes in Tipton 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 Tipton County Assessor of Property 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 Tipton 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 Tipton County. For example, the median tax bill in Tipton County is $1,578, with tax bills ranging significantly across the county. Atoka has the highest median home price at $211,500.

Property Tax Assessment Values Across Tipton County, Tennessee

Source: Ownwell

$83,900

$147,700

$211,500

Median Tipton County Market Value

$143,800

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tipton County, Tennessee

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Atoka	$110,600	$159,700	$211,500	$263,500	$325,350
Brighton	$60,400	$96,000	$150,500	$213,100	$294,560
Burlison	$15,900	$58,700	$104,300	$172,175	$238,760
Covington	$35,900	$64,850	$103,400	$159,750	$251,840
Drummonds	$14,200	$66,150	$127,900	$198,600	$263,940
Mason	$13,900	$48,200	$83,900	$118,100	$201,500
Millington	$18,900	$77,175	$142,950	$194,450	$253,920
Munford	$63,330	$116,625	$161,250	$207,475	$280,670
Stanton	$16,300	$61,400	$97,300	$157,400	$243,600
Somerville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Tipton County, Tennessee

In Tipton County, TN, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this value. The median home price in Tipton County is $143,800. Homeowners can expect property tax bills to vary based on the assessed value of their property. The 25th percentile tax bill is approximately $498, while the 75th percentile reaches around $1,361. At the 90th percentile, the tax bill can rise to $1,896. These figures illustrate the range of property tax obligations within the county. For those residing in Atoka, the highest median tax bill is $1,578, reflecting higher property values or tax rates in this area. Conversely, Stanton has the lowest median tax bill of $495. Compared to the national median property tax bill of $2,400, Tipton County generally offers a more affordable tax environment. This variability in tax bills affects homeowners by influencing their overall housing costs, potentially impacting decisions on property purchase and retention.

Property Tax Bills Across Tipton County, Tennessee

Source: Ownwell

$495

$1,037

$1,578

Median Tipton County Tax Bill

$880

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Tipton County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Atoka	$709	$1,122	$1,578	$1,973	$2,456
Brighton	$332	$520	$894	$1,262	$1,637
Burlison	$81	$298	$529	$876	$1,198
Covington	$245	$426	$680	$1,054	$1,578
Drummonds	$86	$339	$653	$1,014	$1,348
Mason	$92	$273	$536	$852	$1,097
Millington	$103	$398	$734	$1,112	$1,467
Munford	$417	$724	$1,040	$1,422	$2,056
Stanton	$82	$312	$495	$802	$1,241
Somerville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell