Mason, Tipton County, Tennessee Property Taxes

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

Median Mason, TN effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%. Median Mason, TN home value: $83,900. Median annual Mason, TN tax bill: $536, $1,864 lower than the national median property tax bill of $2,400. How are property taxes in Tipton County calculated? Property taxes in Mason, 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 Mason’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mason, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mason, 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

$428

$397

Ownwell’s Mason Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mason with just two data points. By entering your property's estimated assessed value, our calculator applies Mason’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 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 Mason, Tipton County, Tennessee

Local government entities set tax rates that can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.

In Mason, located in Tipton County, TN, the effective property tax rate is 0.51%. This is considerably lower than the national median property tax rate of 1.02%. The median property tax bill in Mason is also lower than the national median of $2400. This lower rate can be appealing to homeowners seeking affordability. However, it's important to consider the services and infrastructure supported by these taxes when evaluating the overall value. By comparing Mason's tax rate to other cities in Tennessee and the national average, potential homeowners can make informed decisions about their property investments.

Property Tax Rates Across Mason, 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 Mason Tax Rate

0.51%

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 Mason, Tipton County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38049	0.51%	0.51%	0.51%	0.88%	0.88%

Source: Ownwell

Property Tax Assessment Values Across Mason, Tipton County, Tennessee

When examining property taxes in Mason, Tennessee, 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 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 Tipton 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 Mason.

For example, the median home price in Mason is $83,900, with tax bills ranging significantly across the county. Zip code 38049 has the highest median home price at $83,900.

Property Tax Assessment Values Across Mason, Tipton County, Tennessee

Source: Ownwell

$83,900

$147,700

$211,500

Median Mason Market Value

$83,900

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 Mason, Tipton County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38049	$13,900	$48,200	$83,900	$118,100	$201,500

Source: Ownwell

Property Tax Bills Across Mason, Tipton County, Tennessee

In Mason, located in Tipton County, Tennessee, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Mason typically see tax bills ranging from $273 at the 25th percentile to $1,097 at the 90th percentile, with a median tax bill of $536. This is significantly lower than the national median property tax bill of $2,400, reflecting the relatively low property values in the area. However, even with lower tax bills, it is crucial for homeowners to ensure they are not overpaying. Ownwell offers services to help homeowners in Mason by reviewing their property assessments, identifying discrepancies, and filing appeals to reduce their tax liability. By leveraging expertise in property tax laws and local market trends, Ownwell can potentially save homeowners a substantial amount on their property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Mason, Tipton County, Tennessee

Source: Ownwell

$495

$1,037

$1,578

Median Mason Tax Bill

$536

Median Tipton County Tax Bill

$880

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Mason, Tipton County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38049	$92	$273	$536	$852	$1,097

Source: Ownwell