Mc Kenzie, Weakley County, Tennessee Property Taxes
Median MC Kenzie, TN effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, and also lower than the Tennessee state median of 0.64%. Median MC Kenzie, TN home value: $68,450. Median annual MC Kenzie, TN tax bill: $336, $2,064 lower than the national median property tax bill of $2,400.
How are property taxes in Weakley County calculated?
Property taxes in MC Kenzie, 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 MC Kenzie’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MC Kenzie, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mc Kenzie, 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
$335
$311
Property Tax Rates Across Mc Kenzie, Weakley County, Tennessee
Local government entities are responsible for setting tax rates, which can significantly differ within Tennessee. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially how the process works each year.
In McKenzie, located in Weakley County, the effective property tax rate is 0.49%, which is notably lower than the national median property tax rate of 1.02%. This difference highlights the variance in property tax rates across the country. In Tennessee, McKenzie's rate is among the lowest, indicating a favorable tax environment for property owners. Compared to other cities in Tennessee, McKenzie's rate aligns with the state’s median, offering residents a balanced approach to property taxation. This low tax rate can be an attractive factor for potential homeowners and investors looking at property in the area, as it suggests lower annual tax bills compared to the national median property tax bill of $2,400.
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 Mc Kenzie 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 Weakley County Tax Rate
0.49%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mc Kenzie, Weakley County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38201 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Mc Kenzie, Weakley County, Tennessee
When examining property taxes in MC KENZIE, 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 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 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 MC KENZIE.
For example, the median home price in MC KENZIE is $68,450, with tax bills ranging significantly across the county. 38201 has the highest median home price at $68,450.
Property Tax Assessment Values Across Mc Kenzie, Weakley County, Tennessee
Source: Ownwell
$57,900
$77,700
$97,500
Median Mc Kenzie Market Value
$68,450
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 Mc Kenzie, Weakley County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38201 | $22,970 | $38,850 | $68,450 | $116,850 | $195,720 |
Source: Ownwell
Property Tax Bills Across Mc Kenzie, Weakley County, Tennessee
Median Mc Kenzie Tax Bill
$336
Median Weakley County Tax Bill
$523
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Mc Kenzie, Weakley County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38201 | $112 | $182 | $336 | $576 | $956 |
Source: Ownwell
