How much are property taxes in Lakewood Park, TN?
Homeowners in Lakewood Park, TN pay a median of $913 (±$328) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $1,189.
Homes without a mortgage pay a median of $690.
In Lakewood Park, the median real estate tax went from $285 in 2015–2019 to $913 in 2020–2024 (+220.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median real estate taxes
- $913 (±$328)
- With a mortgage
- $1,189
- Without a mortgage
- $690
Real estate taxes in Lakewood Park against Coffee County, its state and the nation
| Lakewood Park | Coffee County | Tennessee | United States | |
|---|---|---|---|---|
| Median real estate taxes | $913 (±$328) | $1,407 (±$55) | $1,442 (±$8) | $3,119 |
| Homes with a mortgage | $1,189 (±$171) | $1,507 (±$103) | $1,585 (±$13) | $3,489 |
| Homes without a mortgage | $690 (±$438) | $1,296 (±$84) | $1,258 (±$11) | $2,576 |
| Median home value | — | $246,800 (±$9,830) | $286,700 (±$1,492) | $332,700 |
In Lakewood Park, the median real estate tax is lower than in Coffee County ($1,407).
It is also lower than in Tennessee ($1,442).
It is lower than the national figure ($3,119).
In Coffee County, Lakewood Park ranks 4 of 4 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 217 of 404.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How property taxes in Lakewood Park have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $285 (±$152) | $913 (±$328) | +220.4% | Up after inflation |
| Median owner cost with a mortgage | $706 (±$355) | $960 (±$554) | +36.0% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Lakewood Park
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Lakewood Park | — | $913 (±$328) | — |
| New Union | 8.4 mi | $1,399 (±$177) | Higher |
| Woodbury | 13 mi | $822 (±$138) | Not measurably different |
| Bell Buckle | 13 mi | $1,339 (±$193) | Higher |
| Morrison | 13 mi | $525 (±$136) | Lower |
| Centertown | 13 mi | $660 (±$160) | Not measurably different |
| Manchester | 13 mi | $1,604 (±$131) | Higher |
| Wartrace | 14 mi | $1,060 (±$231) | Not measurably different |
| Normandy | 15 mi | $740 (±$502) | Not measurably different |
Nearby places with a measurably lower figure: Morrison, TN ($525).
Nearby places with a measurably higher figure: New Union, TN ($1,399), Bell Buckle, TN ($1,339), Manchester, TN ($1,604).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Coffee County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 1 | Tullahoma | $1,684 (±$183) |
| 2 | Manchester | $1,604 (±$131) |
| 3 | New Union | $1,399 (±$177) |
| 4 | Lakewood Park | $913 (±$328) |
Lakewood Park is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lakewood Park
How much are property taxes in Lakewood Park?
The median real estate tax paid by homeowners in Lakewood Park, TN is $913 (±$328) a year (2020–2024 American Community Survey).
Have property taxes in Lakewood Park gone up?
In Lakewood Park, the median real estate tax went from $285 in 2015–2019 to $913 in 2020–2024 (+220.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Are property taxes in Lakewood Park higher than in Coffee County?
In Lakewood Park, the median real estate tax is lower than in Coffee County ($1,407).
It is also lower than in Tennessee ($1,442).
It is lower than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lakewood Park CDP, Tennessee
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lakewood Park CDP, Tennessee
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Lakewood Park CDP, Tennessee
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lakewood Park CDP, Tennessee
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Lakewood Park CDP, Tennessee
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lakewood Park CDP, Tennessee (place:40732, in state:47).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Lakewood Park at a glance
- Income and affordability in Lakewood Park
- Types of homes in Lakewood Park
- Heating fuel in Lakewood Park
- Commute and cars in Lakewood Park
- Population growth in Lakewood Park
- Tennessee landlord and tenant rules
- Housing across Coffee County
- Tennessee places ranked by property taxes
- Housing data for every place in Tennessee