Mcminnville, Warren County, Tennessee Property Taxes
Median McMinnville, TN effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%. Median McMinnville, TN home value: $110,000. Median annual McMinnville, TN tax bill: $446, $1,954 lower than the national median property tax bill of $2,400.
How are property taxes in Warren County calculated?
Property taxes in McMinnville, 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 McMinnville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in McMinnville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mcminnville, Warren County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.46%
Estimate Property Tax Bill
$506
$470
Property Tax Rates Across Mcminnville, Warren 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, in a nutshell, this is the annual process.
In McMinnville, located in Warren County, Tennessee, the effective property tax rate stands at 0.46%. This rate is significantly lower than both the national median property tax rate of 1.02% and the median rate for Tennessee. Such a low rate can make McMinnville an attractive location for property owners seeking to minimize their tax burden.
By contrast, property owners in other parts of the country may face higher tax rates, which can lead to substantially larger tax bills. The lower property tax rate in McMinnville not only makes it appealing for potential homeowners but also provides existing residents with a financial advantage. Comparing McMinnville’s rate to other cities in Tennessee and the U.S. underscores the benefits of owning property in this region.
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 Mcminnville Tax Rate
0.46%
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 Warren County Tax Rate
0.46%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mcminnville, Warren County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37110 | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Mcminnville, Warren County, Tennessee
When examining property taxes in McMinnville, 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 Warren 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.
In Warren 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 McMinnville.
For example, the median home price in McMinnville is $110,000, with tax bills ranging significantly across the county. Zip code 37110 has the highest median home price at $110,000.
Property Tax Assessment Values Across Mcminnville, Warren County, Tennessee
Source: Ownwell
$110,000
$110,000
$110,000
Median Mcminnville Market Value
$110,000
Median Warren County Market Value
$110,500
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mcminnville, Warren County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37110 | $44,200 | $72,500 | $110,000 | $171,400 | $264,280 |
Source: Ownwell
Property Tax Bills Across Mcminnville, Warren County, Tennessee
Median Mcminnville Tax Bill
$446
Median Warren County Tax Bill
$446
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Mcminnville, Warren County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37110 | $211 | $308 | $446 | $656 | $957 |
Source: Ownwell