How Much Are Property Taxes and HOA Fees in Hermitage?

What You’ll Pay in Property Taxes in Hermitage

Property taxes in Hermitage are generally in line with the state average, typically falling between 0.8%–1.2% annually. The typical property tax rate in Hermitage is around 0.95%, meaning a home valued at $300,000 would owe approximately $2,850 per year in property taxes.

While this rate is slightly higher than some neighboring cities, it’s important to consider the services and amenities that these taxes help fund. In Hermitage, property taxes contribute to well-maintained roads, quality public schools, and responsive emergency services. For many homeowners, the benefits of living in a desirable community like Hermitage outweigh the marginally higher tax rate.

It’s also worth noting that Tennessee has no state income tax, which can help offset the cost of property taxes for many residents. When budgeting for homeownership in Hermitage, be sure to factor in both your estimated mortgage payment and your projected property tax bill to get a clear picture of your monthly housing costs.

How HOA Fees Work in Hermitage

In addition to property taxes, many neighborhoods in Hermitage have Homeowners Associations (HOAs) that charge monthly or annual fees. These fees help cover the cost of maintaining common areas and providing amenities for residents. While not all homes in Hermitage are part of an HOA, it’s important for prospective buyers to understand how these fees work and what they typically include.

In most cases, HOA fees in Hermitage cover some combination of the following services:

• Trash collection and recycling
• Landscaping and lawn care for common areas
• Community pool and fitness center access
• Security patrols or gated entry
• Clubhouse and park maintenance
• Exterior upkeep of townhomes or condos

The exact amenities and services included with your HOA fees will depend on your specific neighborhood. In Hermitage, many HOAs also include irrigation or xeriscaping services to help minimize water usage and keep landscaping looking great year-round. Before buying a home, be sure to review the HOA bylaws carefully so you understand what’s included in your monthly fees.

Typical Monthly HOA Costs

So what can you expect to pay in HOA fees as a Hermitage homeowner? While costs vary based on the neighborhood and amenities offered, most residents pay between $100 and $300 per month. Here’s a quick breakdown of common HOA fee ranges:

For most Hermitage homeowners, the sweet spot tends to be neighborhoods with fewer amenities that charge between $100 and $200 per month. These communities still often include desirable services like lawn care and access to a community pool or fitness center, without the added cost of premium upgrades like golf course access or concierge services.

Hidden or Seasonal Fees to Expect

In addition to your regular monthly HOA fees, there are a few other costs to watch out for as a Hermitage homeowner:

• Special assessments: If your neighborhood is planning a major repair or upgrade, your HOA may charge a one-time special assessment fee to cover the cost. These can range from a few hundred to a few thousand dollars, depending on the project.
• Parking permits: Some neighborhoods, especially those with limited street parking, may require residents to purchase parking permits for their vehicles. These typically cost between $25 and $100 per year.
• Pet rent: If you’re living in a condo or townhome, your HOA may charge pet rent or require a one-time pet deposit. This can add an extra $25 to $75 per month to your housing costs.
• Clubhouse rentals: Planning to host an event? Some Hermitage HOAs charge a rental fee for use of the community clubhouse or event space, usually ranging from $50 to $200.

It’s also important to budget for seasonal costs, like higher water bills during the summer months. In Hermitage, irrigation surcharges can add $30 to $50 per month for homeowners who want to keep their lawns lush and green. Be sure to review your HOA’s fee schedule carefully and budget for any additional costs that may pop up throughout the year.

Are These Costs Worth It?

For many Hermitage residents, the benefits of living in an HOA community outweigh the added monthly cost. Well-managed HOAs help protect property values by enforcing community standards and maintaining a uniform look and feel throughout the neighborhood. This can be especially appealing for homeowners who want to ensure their investment will hold its value over time.

HOAs also provide valuable amenities and services that would be costly for homeowners to secure on their own. A community pool, for example, can easily cost $30,000 or more to install and maintain. By spreading that cost among all residents through monthly fees, HOAs make these luxury amenities more accessible and affordable.

Of course, there are some downsides to HOA living as well. Homeowners may chafe at the strict rules and regulations around things like lawn maintenance, holiday decorations, and parking. And those added fees can strain some homeowners’ budgets, especially in an era of rising costs. In Hermitage, however, most residents find that the pros of HOA living outweigh the cons — and homes in well-maintained HOA neighborhoods tend to hold their value better over time.

FAQs About Property Tax and HOA in Hermitage

How much is the average HOA fee in Hermitage?
The average HOA fee in Hermitage is around $200 per month, but this can range from $75 to $450 or more depending on your neighborhood and amenities.

Can my HOA fees increase?
Yes, HOA fees can increase over time to keep up with inflation and rising maintenance costs. However, most HOAs are required to provide advance notice and justification for any fee increases.

Do I pay both property tax and HOA fees?
Yes, if you live in an HOA neighborhood, you’ll typically pay both property taxes to the city and HOA fees to your community association. These are separate expenses, so be sure to budget for both.

How do Hermitage’s property taxes compare to other cities?
Hermitage’s property tax rate of 0.95% is slightly higher than some neighboring cities, but still falls within the typical range for Tennessee. Nearby Mt. Juliet, for example, has a property tax rate of 0.65%, while Nashville’s rate is 1.15%.

Is an HOA worth it for first-time homeowners?
It depends on your budget and priorities. HOA fees can add hundreds to your monthly housing costs, which may be challenging if you’re already stretching to afford your mortgage. However, the amenities, services, and community standards provided by an HOA can make homeownership easier and help protect your investment over time. Weigh the pros and cons carefully before deciding if an HOA is right for you.

Final Cost Insights for Hermitage Homeowners

As you budget for homeownership in Hermitage, be sure to factor in both your estimated property taxes and any HOA fees for your neighborhood. With an average property tax rate of 0.95% and typical HOA fees ranging from $100 to $300 per month, these costs can add hundreds to your monthly housing expenses.

However, for many Hermitage residents, the benefits of living in a well-maintained HOA community are worth the added cost. From [access to premium amenities](/hermitage-tn/local-hidden-fees/) to higher property values, HOAs offer a range of perks that can make homeownership more enjoyable and rewarding.

If you’re considering buying a home in Hermitage, take the time to review the [full breakdown of housing costs](/hermitage-tn/housing-breakdown/) and factor in both property taxes and HOA fees. By budgeting carefully and weighing the tradeoffs, you can find the perfect home and neighborhood to fit your lifestyle and financial goals.