Weakley County, Tennessee Property Taxes
Median Weakley County effective property tax rate: 0.49%, significantly lower than the national median of 1.02%. Median Weakley County home value: $76,000. Median annual Weakley County tax bill: $523, $1,877 lower than the national median property tax bill of $2,400.
How are property taxes in Weakley County calculated?
Property taxes in Weakley 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 Martin or another part of Weakley County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Weakley County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.49%
Estimate Property Tax Bill
$372
$346
Property Tax Rates Across Weakley County, Tennessee
Local government entities set tax rates, which can vary widely within a state. This is because annually, 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. Below, you can compare Weakley County's effective property tax rate to other counties in Tennessee or the U.S. median property tax rate.
In Weakley County, the property tax rate stands at 0.49%, which is significantly lower than the national median property tax rate of 1.02%. This makes Weakley County an attractive option for property owners seeking lower tax liabilities. Within Tennessee, the highest median property tax rate is found in Martin at 0.93%, while Paris matches Weakley County at 0.49%. These figures highlight the diversity in property tax rates across the state, offering potential savings for those looking to invest or reside in areas with lower tax burdens.
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 Weakley County Tax Rate
0.49%
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 Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Weakley County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cottage Grove | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Dresden | 0.49% | 0.49% | 0.49% | 0.86% | 0.86% |
| Dukedom | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Gleason | 0.49% | 0.49% | 0.79% | 0.91% | 0.91% |
| Greenfield | 0.49% | 0.49% | 0.93% | 0.93% | 0.93% |
| Martin | 0.49% | 0.49% | 0.93% | 0.93% | 0.93% |
| Mc Kenzie | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Palmersville | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Paris | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Sharon | 0.49% | 0.49% | 0.49% | 0.99% | 0.99% |
| South Fulton | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Union City | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Weakley County, Tennessee
When examining property taxes in Weakley 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 Weakley 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.
Assessment notices: In Weakley 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 Weakley County. For example, the median tax bill in Weakley County is $687, with tax bills ranging significantly across the county. South Fulton has the highest median home price at $97,500.
Median Weakley County Market Value
$76,000
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Weakley County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cottage Grove | $36,630 | $53,325 | $91,000 | $162,575 | $326,850 |
| Dresden | $26,610 | $44,200 | $70,550 | $111,000 | $172,890 |
| Dukedom | $21,750 | $39,175 | $73,050 | $137,075 | $244,400 |
| Gleason | $27,100 | $42,300 | $65,000 | $106,650 | $174,360 |
| Greenfield | $25,080 | $39,100 | $60,700 | $99,350 | $163,420 |
| Martin | $38,400 | $59,900 | $91,900 | $143,300 | $217,060 |
| Mc Kenzie | $22,970 | $38,850 | $68,450 | $116,850 | $195,720 |
| Palmersville | $23,710 | $43,925 | $74,450 | $117,500 | $210,350 |
| Paris | $18,710 | $39,050 | $73,900 | $148,300 | $202,750 |
| Sharon | $25,000 | $38,300 | $57,900 | $87,500 | $149,280 |
| South Fulton | $35,440 | $62,400 | $97,500 | $176,100 | $253,020 |
| Union City | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Weakley County, Tennessee
Median Weakley County Tax Bill
$523
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Weakley County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cottage Grove | $181 | $263 | $448 | $802 | $1,612 |
| Dresden | $165 | $286 | $470 | $733 | $1,107 |
| Dukedom | $109 | $199 | $362 | $681 | $1,217 |
| Gleason | $168 | $292 | $458 | $707 | $1,137 |
| Greenfield | $165 | $286 | $460 | $704 | $1,086 |
| Martin | $255 | $418 | $687 | $1,145 | $1,665 |
| Mc Kenzie | $112 | $182 | $336 | $576 | $956 |
| Palmersville | $117 | $218 | $367 | $578 | $982 |
| Paris | $92 | $192 | $364 | $749 | $1,088 |
| Sharon | $156 | $253 | $409 | $662 | $963 |
| South Fulton | $175 | $308 | $481 | $868 | $1,248 |
| Union City | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell