Lawrenceburg, Wayne County, Tennessee Property Taxes
Median Lawrenceburg, TN effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Lawrenceburg, TN home value: $105,600
Median annual Lawrenceburg, TN tax bill: $506, $1,894 lower than the national median property tax bill of $2,400.
How are property taxes in Wayne County calculated?
Property taxes in Lawrenceburg, 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 Lawrenceburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lawrenceburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lawrenceburg, Wayne County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.48%
Estimate Property Tax Bill
$507
$470
Property Tax Rates Across Lawrenceburg, Wayne 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 Lawrenceburg Tax Rate
0.48%
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 Wayne County Tax Rate
0.48%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lawrenceburg, Wayne County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38464 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Lawrenceburg, Wayne County, Tennessee
When examining property taxes in Lawrenceburg, 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 Wayne 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 Wayne 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 Lawrenceburg. For example, the median home price in Lawrenceburg is $105,600, with tax bills ranging significantly across the county. Zip code 38464 has the highest median home price at $105,600.
Property Tax Assessment Values Across Lawrenceburg, Wayne County, Tennessee
Source: Ownwell
$82,800
$108,400
$134,000
Median Lawrenceburg Market Value
$105,600
Median Wayne County Market Value
$98,950
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lawrenceburg, Wayne County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38464 | $18,720 | $35,700 | $105,600 | $190,300 | $260,640 |
Source: Ownwell
Property Tax Bills Across Lawrenceburg, Wayne County, Tennessee
In Lawrenceburg, located in Wayne County, TN, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $105,600, homeowners in Lawrenceburg face a median tax bill of $506, which is significantly lower than the national median property tax bill of $2,400. The tax bill can vary widely, with those in the 25th percentile paying as little as $172, while those in the 90th percentile may pay up to $1,249. This variation is due to differences in home values and applicable exemptions. For homeowners, property taxes represent a significant expense, affecting their overall financial planning.
Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can help clients secure reductions, ensuring they are not overpaying. This service can lead to substantial savings, making homeownership more affordable and financially sustainable.
Median Lawrenceburg Tax Bill
$506
Median Wayne County Tax Bill
$475
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Lawrenceburg, Wayne County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38464 | $90 | $172 | $506 | $912 | $1,249 |
Source: Ownwell
