The Assessed value is a percentage of the appraised value set by State Law on which property taxes are calculated. The percentage is determined by property classification. 

When property is classified as:     Then the assessment percentage is:

Residential........................................................25%

Farm..................................................................25%

Commercial and Industrial...............................40%

Commercial and Industrial...............................30%

 

 

Here's how it works...

In Tennessee, residential property is assessed at 25% of the appraised value. So if a house is appraised at $100,000, the assessed value will be $25,000. However, if a business property is appraised at $100,000, the  assessed value will be $40,000 because the property is assessed at 40% of the appraised value.

The assessed value is then used to calculate property taxes. Try the Property Tax Calculator to see how assessed value affects property taxes.

County Property Taxes
The Maury County Trustee sends tax bills and collects taxes for Maury County Government according to the following schedule:

September   County tax bills are mailed.
October   County tax bills are payable on the first Monday in October.
March   County tax bills are delinquent the following March 1.

 

Area Municipalities

The City of Columbia mails  property tax bills in October, and taxes become delinquent as of December 15.

The City of Mount Pleasant mails property tax bills in August, and taxes become delinquent as of March 1.

The Town of Spring Hill mails property tax bills in November, and taxes become delinquent as of March 1.

                          

Residential

Residential - All single family residences, owner-occupied duplexes, and condominiums are classified as residential.

Farm

Farm - property includes parcels containing 15 acres or more which is used for, or held for use, in agriculture, including but not limited to, growing crops, pastures, orchards, nurseries, plants, trees, timber, raising livestock or poultry, or the production of raw dairy products, and acreage used for recreational purposes by clubs.

Commercial and Industrial

Commercial and Industrial - All property used, or held for use, for commercial, mining, industrial, manufacturing, trade, professional, club (public or private), nonexempt lodge, business, or similar purpose, is classified as industrial and commercial. Additionally, all real property which is used, or held for use, for dwelling purposes that contains two or more rental units falls under this classification.

Exempt

Exempt - Religious, scientific, educational, charitable and non-profit organizations must apply to obtain exempt status. The State Board of Equalization reviews all applications in order to determine if the property qualifies for an exemption. Most government-owned properties are automatically exempt from taxation. Exempt applications are available in the Assessor's Office, but must be mailed to the SBoE when completed.