Calculating Property Taxes
By Doug Shafer, County Commissioner, District 1
In talking with Kathy, I mentioned that on the LaVergne blog and on emails I’d received, there was some misunderstanding of how to calculate property taxes.
Tennessee uses an assessed value system for property taxes. Different types of building uses are assigned percentages of appraised value depending on use. For example single family residential is 25% and commercial is 40% of appraised value.
Tax rates as of June 22, 2008
Rutherford County $2.44 per hundred of assessed value.
LaVergne $.50 and Smyrna $.86.
To find appraised value of your property, go to www.rutherfordcountytn.gov
- County Agencies –> Property Assessor
- Search property data
- After screen switch, search property data again
All that is really needed is the property street address
- Search
- Select, scroll down and read information
As an example:
A home appraised at $200,000…
$200,000 (appraised value at .25 assessment = $50,000 assessed value)
For the county
$50,000 x 2.44 (tax rate) x .01 (rate is per 100) = $1220 county property tax
For LaVergne
$50,000 x .50 x .01 = $250
Assessments for duplexes are either 25% or 40% of appraised value.
Assessed values are generally rounded to the nearest $100.
I hope this helps in understanding what your property taxes are.
(Signed) Doug Shafer
Filed under: City Business, Editorials, Elected Officials, General Info, Housing | Tagged: Guest Column
Thank you, I did forget about the assesment portion. So the $200k house would cost $15 more a month in Smyrna than La Vergne. That’s even more compeling. For $15 a month I could have nice roads, neighbors who care about the appearence of their home, and a city that people don’t associate with gang activity? Interesting.
[...] In my own corner of the world, our local county commissioner called me several days ago regarding a discussion on our community blog about tax assessments. There was confusion that he wanted to clarify so I offered the opportunity for him to submit a guest column about the subject. He did. [...]