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Old 07-29-2011, 09:26 PM
 
258 posts, read 358,193 times
Reputation: 176

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My wife and I will be moving back to Tennessee soon after a 3 year stint in Houston. I will be working in the Lipscomb University area, and will be looking to live in the Crieve Hall area. It is imperative that I live as near to my job as possible, but I know that I cannot afford the homes in the immediate Green Hills area.

Crieve Hall is nice, I know, and also not TOO expensive. We aren't fancy folks, just simple family people.

So my question is this: what are the property taxes like in that area? I have never owned a home in TN, so I"m not sure. Are there homestead exemptions?

The property taxes on my $140,000 home in Houston/Sugar Land area is about $2800 a year. Will it be more or less on the $175-250K homes in Crieve Hall?

Thanks everyone! Can't wait to get back to TENNESSEE!!!
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Old 07-29-2011, 09:49 PM
 
Location: Brentwood, Tennessee
49,986 posts, read 51,996,407 times
Reputation: 98359
This is your best bet:

Tennessee Comptroller of the Treasury - Division of Property Assessments
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Old 07-29-2011, 10:25 PM
 
Location: Franklin, TN
6,653 posts, read 12,040,139 times
Reputation: 7469
Crieve Hall is in Nashville's Urban Service District, which has a tax rate of $4.13/$100.

The link Wmsn provided shows you that houses are taxed at 25% of their assessed value.

So a house assessed at $175,000 in Crieve Hall (or anywhere in Nashville's USD) would have an annual property tax of $722.75.

A house assessed at $250,000 would have an annual property tax of $1,032.50.


So in short, yes, it will be less. Much less.
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Old 07-29-2011, 11:17 PM
 
Location: Franklin, TN
3,747 posts, read 6,376,987 times
Reputation: 2344
I'm not very good at math.

But I'm good at Zillow.com!

I looked up houses in Crieve Hall and they list the property tax paid for the previous year. A house that is being sold for $152,000 was taxed $1559. A house selling for $174,000 was taxed $1958 in 2010. A house for sale for $259,000 had taxes of $2181.

Of course the sale price is often more than the assessed price so Nashvols math is probably correct.

I would use RealTracs to find the house and Zillow to check the taxes.

Last edited by CountryGirl2b=; 07-29-2011 at 11:23 PM.. Reason: Because I could
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Old 07-30-2011, 01:31 AM
 
Location: Franklin, TN
6,653 posts, read 12,040,139 times
Reputation: 7469
Apparently I'm terrible at math, too. I skipped a step.

$175,000 appraised value:

25% of 175,000 = 43,750

43,750/100 = 437.5

437.5 x 4.13 = $1,806.87

$250,000 appraised value:

25% of 250,000 = 62,500

62,500/100 = 625

625 x 4.13 = $2,581.25


Still much less than what you are used to...but completely disregard the earlier post. I knew something seemed wrong about it...I finally came back and redid the math and saw my mistake. My bad.
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Old 07-30-2011, 07:08 AM
 
258 posts, read 358,193 times
Reputation: 176
Default Thanks!

Thanks everyone! That really helps a lot. I'm a minister, so I am TERRIBLE at math!
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Old 07-30-2011, 10:46 AM
 
Location: Brentwood, Tennessee
49,986 posts, read 51,996,407 times
Reputation: 98359
That's why I didn't even try to do the math. Providing the link is as far as I can go.
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Old 07-30-2011, 11:33 AM
 
Location: Franklin, TN
3,747 posts, read 6,376,987 times
Reputation: 2344
I just remember my RE agent telling me Davidson County had higher property taxes than Williamson County which doesn't make a lot of sense.

Nashvols - NICE recovery. I like it when you show your work, the process. Very good.

A+
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Old 07-30-2011, 12:52 PM
 
Location: Brentwood, Tennessee
49,986 posts, read 51,996,407 times
Reputation: 98359
Nashville has to provide more of everything to its residents than Williamson County. More school students, more trash pickup (well, that's city of Franklin and Brentwood doesn't provide trash pickup), more water service, etc. That's why their taxes are higher. The high property values in Wmsn have carried the costs - until now.

Just because an area has higher property values doesn't always mean the taxes are higher.
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