Q: When are Gibson County property taxes due for FY 2025-2026?
A: Property taxes are paid in two installments: the spring installment is due May 12, 2026, and the fall installment is due November 10, 2026.
Q: What homestead tax credit is available in Gibson County?
A: Tennessee offers homestead exemptions of $5,000 for individual owners and $7,500 for joint owners. This credit reduces your assessed value and requires an application with the Gibson County Assessor's office. The homestead credit also limits assessment increases to protect against rapid value growth.
Q: Are tax credits automatic or do I need to apply?
A: Most property tax credits in Gibson County require a formal application. Credits are NOT automatically applied. Contact the Gibson County Assessor at (731) 855-7642 to apply for available credits including homestead, elderly/disabled, and veteran exemptions.
Q: How often are properties reassessed in Gibson County?
A: Tennessee requires property reappraisals every 4-6 years. Gibson County follows the state reappraisal schedule. Between reappraisals, assessments may change due to improvements, damage, or successful appeals.
Q: How do I appeal my property assessment?
A: Property owners can appeal their assessment to the Gibson County Board of Equalization. Appeals must typically be filed by the first Tuesday in June following the assessment. Contact the Assessor's office for specific deadlines and procedures.
Q: What happens if I pay my property taxes late?
A: Gibson County charges interest and penalties on late property tax payments. Interest begins accruing immediately after the due date, and additional penalties may apply for severely delinquent accounts.
Q: Can I pay my Gibson County property taxes online?
A: Contact the Gibson County Trustee's office at (731) 855-7645 to inquire about online payment options and accepted payment methods.
Q: Why is my tax rate different from my neighbor's?
A: Tax rates vary based on special taxing districts including school districts, fire districts, and utility districts. Properties in Humboldt SSD pay significantly higher rates than those in Gibson County SSD areas.
Q: What's the difference between market value and assessed value?
A: Market value is what your property would sell for, while assessed value is 25% of market value for residential properties in Tennessee. Property taxes are calculated on the assessed value, not the full market value.
Q: Do I need to file anything annually for my homestead credit?
A: Once approved, homestead credits typically remain in effect as long as you own and occupy the property as your primary residence. However, you should notify the Assessor's office of any changes in ownership or occupancy status.
