Atoka, Tipton County, Tennessee Property Taxes
Median ATOKA, TN effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median ATOKA, TN home value: $211,500
Median annual ATOKA, TN tax bill: $1,578, $822 lower than the national median property tax bill of $2,400.
How are property taxes in Tipton calculated?
Property taxes in ATOKA, 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 ATOKA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ATOKA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Atoka, Tipton County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$1,629
$1,511
Property Tax Rates Across Atoka, Tipton County, Tennessee
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 Atoka Tax Rate
0.77%
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 Atoka, Tipton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38004 | 0.51% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Atoka, Tipton County, Tennessee
When examining property taxes in Atoka, 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 Tipton County Assessor 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 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 Atoka. For example, the median home price in Atoka is $211,500, with tax bills ranging significantly across the county. 38004 has the highest median home price at $211,500.
Property Tax Assessment Values Across Atoka, Tipton County, Tennessee
Source: Ownwell
$83,900
$147,700
$211,500
Median Atoka Market Value
$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 Atoka, Tipton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38004 | $110,600 | $159,700 | $211,500 | $263,500 | $325,350 |
Source: Ownwell
Property Tax Bills Across Atoka, Tipton County, Tennessee
In Atoka, located in Tipton County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. The median property tax bill in this area is $1,578, which is below the national median of $2,400. This lower tax burden can be appealing to homeowners, but it’s still essential to ensure that the assessed value of a property is accurate to avoid overpaying.
Factors such as market trends and property improvements can influence assessments, potentially leading to higher tax bills. Homeowners in Atoka can benefit from services like Ownwell, which specializes in property tax appeals and exemptions. By reviewing assessments and identifying discrepancies, Ownwell can help homeowners secure reductions on their tax bills, ensuring they only pay what is fair. This service can be particularly beneficial in areas where tax assessments may not always reflect current market conditions.
Median Atoka Tax Bill
$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 Atoka, Tipton County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38004 | $709 | $1,122 | $1,578 | $1,973 | $2,456 |
Source: Ownwell