Van Buren County, Tennessee Property Taxes

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

Median Van Buren County effective property tax rate: 0.60%, significantly lower than the national median of 1.02%.
Median Van Buren County home value: $96,900
Median annual Van Buren County tax bill: $590, $1,810 lower than the national median property tax bill of $2,400.

How are property taxes in Van Buren County calculated?

Property taxes in Van Buren 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 Spencer or another part of Van Buren County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Van Buren County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$581

$540

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

Property Tax Rates Across Van Buren County, Tennessee

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Annually, each county estimates the budget needed to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Van Buren County, Tennessee, the effective property tax rate is a point of interest. When compared to the national median property tax rate of 1.02%, Van Buren County's rate stands out. This provides a unique opportunity for property owners in the area to explore potential savings through property tax appeals or exemptions. By understanding how these rates are calculated and how they compare to other regions, property owners can make informed decisions about managing their property tax obligations. This insight is crucial for maximizing financial efficiency and ensuring compliance with local tax regulations.

Property Tax Rates Across Van Buren County, Tennessee

Source: Ownwell

0.60%

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 Van Buren County Tax Rate

0.60%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Van Buren County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Doyle	0.60%	0.60%	0.60%	0.60%	0.60%
Mcminnville	0.60%	0.60%	0.60%	0.60%	2.37%
Pikeville	0.60%	0.60%	0.60%	0.60%	0.60%
Rock Island	0.60%	0.60%	0.60%	0.60%	0.61%
Sparta	0.60%	0.60%	0.60%	0.60%	0.60%
Spencer	0.60%	0.60%	0.60%	0.60%	0.61%
Bone Cave	N/A	N/A	N/A	N/A	N/A
Dunlap	N/A	N/A	N/A	N/A	N/A
Mc Minnville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Van Buren County, Tennessee

When examining property taxes in Van Buren 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 Van Buren 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 Van Buren 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 Van Buren County. For example, the median tax bill in Van Buren County is $527, with tax bills ranging significantly across the county. Sparta has the highest median home price at $162,850.

Property Tax Assessment Values Across Van Buren County, Tennessee

Source: Ownwell

$60,500

$111,675

$162,850

Median Van Buren County Market Value

$96,900

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Van Buren County, Tennessee

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Doyle	$47,790	$81,625	$132,100	$237,025	$389,050
Mcminnville	$40,500	$40,500	$60,500	$127,800	$214,180
Pikeville	$37,730	$60,975	$97,050	$153,775	$210,250
Rock Island	$42,280	$72,300	$127,850	$256,775	$411,980
Sparta	$70,370	$116,125	$162,850	$251,950	$362,250
Spencer	$24,870	$49,650	$86,800	$152,000	$256,910
Bone Cave	N/A	N/A	N/A	N/A	N/A
Dunlap	N/A	N/A	N/A	N/A	N/A
Mc Minnville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Van Buren County, Tennessee

In Van Buren County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The county's tax rate is then applied to this assessed value to determine the annual property tax bill. Various factors influence the assessed value, including the home's location, size, and condition. Homeowners in Van Buren County experience a range of tax bills, with the 25th percentile at $349, the 75th percentile at $1,055, and the 90th percentile reaching $1,799. Compared to the national median property tax bill of $2,400, Van Buren County's tax bills are generally lower, offering some relief to homeowners. Cities within the county, such as Sparta and Spencer, also exhibit differences in median tax bills, with Sparta having the highest at $968 and Spencer the lowest at $527. These variations can significantly impact homeowners, influencing decisions on purchasing or maintaining property in the area.

Property Tax Bills Across Van Buren County, Tennessee

Source: Ownwell

$527

$748

$968

Median Van Buren County Tax Bill

$590

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Van Buren County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Doyle	$287	$494	$795	$1,393	$2,261
Mcminnville	$243	$284	$555	$1,184	$1,740
Pikeville	$221	$366	$588	$923	$1,324
Rock Island	$254	$434	$776	$1,574	$2,473
Sparta	$462	$701	$968	$1,522	$2,176
Spencer	$145	$300	$527	$919	$1,549
Bone Cave	N/A	N/A	N/A	N/A	N/A
Dunlap	N/A	N/A	N/A	N/A	N/A
Mc Minnville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell