Rate Breakdown

Property taxes in Van Buren County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Van Buren County

The assessment process in Van Buren County begins with the evaluation of each property's value by the County Assessor. This evaluation is based on factors such as the property's size, location, age, and condition. The assessed value is then multiplied by the millage rate to determine the property tax amount.

The millage rate in Van Buren County is a combination of the county's and school district's rates. The county rate is set by the County Commission, while the school district rate is set by the local school board. The total millage rate for the 2022 tax year is 0.93 for the county and 3.19 for the school district, totaling 4.12 mills.

Property taxes are paid annually, with the due date typically falling on November 30th. However, Van Buren County offers an installment payment plan, allowing taxpayers to divide their annual tax bill into two equal payments. The first payment is due on November 30th, and the second payment is due on May 31st of the following year.

Available Exemptions

The State of Tennessee offers various property tax exemptions to eligible homeowners. These exemptions can help reduce the property tax burden for eligible individuals.

• Homestead Exemption: This exemption is available to homeowners who occupy their primary residence and have a household income below $37,200. The exemption reduces the taxable value of the property by $37,000.
• Senior Citizen Exemption: This exemption is available to homeowners who are 65 years or older and have a household income below $29,000. The exemption reduces the taxable value of the property by $37,000.
• Disability Exemption: This exemption is available to homeowners who are permanently disabled and have a household income below $29,000. The exemption reduces the taxable value of the property by $37,000.
• Veteran Exemption: This exemption is available to eligible veterans who have a service-connected disability. The exemption reduces the taxable value of the property by $122,000.

Payment Schedule & Deadlines

Property taxes in Van Buren County are due annually on November 30th. Taxpayers who fail to pay their taxes on time may be subject to late payment penalties and interest.

• Standard Payment Deadline: November 30th of each year.
• Installment Payment Plan: Two equal payments are due: November 30th and May 31st of the following year.
• Late Payment Penalty: 5% of the unpaid tax amount, plus 1.5% interest per month.

Appealing Your Assessment

If you disagree with your property's assessed value, you may appeal to the Van Buren County Board of Equalization. The appeal process typically involves submitting a written application to the County Assessor's office within 60 days of receiving the tax notice.

• Appeal Application: Submit a written application to the County Assessor's office within 60 days of receiving the tax notice.
• Notice of Hearing: The Board of Equalization will schedule a hearing to review your appeal.
• Appeal Decision: The Board of Equalization will render a decision based on the evidence presented.