Caryville, Tennessee Property Taxes
The median property tax rate in Caryville, TN is 0.66%, slightly higher than the state median of 0.64% but lower than the national median of 0.99%. With a median home value of $475,700, the typical annual property tax bill in Caryville reaches $3,126, surpassing the national median of $2,690. Property taxes in Caryville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Caryville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Caryville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caryville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$3,140
Ownwell’s Caryville Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Caryville using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Caryville to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in observing trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Caryville, Tennessee
Property taxes in Caryville, Tennessee, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Caryville is 0.66%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Caryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caryville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Caryville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37714 has both the highest and lowest median property tax rate of 0.66%. Understanding how these areas compare with Caryville provides valuable insights into the varying tax landscape across Anderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caryville Tax Rate
0.66%
Average Anderson County Tax Rate
0.87%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caryville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37714 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Caryville, Tennessee
In Caryville, Tennessee, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Anderson County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Caryville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Caryville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 37714, both at $3,126.
Average Caryville Assessed Value
$475,700
Average Anderson County Assessed Value
$128,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caryville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37714 | $475,700 | $475,700 | $475,700 | $475,700 | $475,700 |
Source: Ownwell
Property Tax Bills Across Caryville, Tennessee
In Caryville, Anderson County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Caryville is $475,700. Property taxes in the area are relatively straightforward, with the tax bill remaining consistent across various percentiles. For instance, the 25th, 75th, and 90th percentiles all report a tax bill of $3,126. This uniformity simplifies the calculation process for homeowners. The assessed value is a percentage of the market value, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements and market conditions can influence the assessed value. Homeowners in Caryville benefit from a predictable tax environment, which helps in financial planning and budgeting. Compared to the national median property tax rate of 0.99%, Caryville's tax rate provides a clear picture of the local tax landscape.
Average Caryville Tax Bill
$3,126
Average Anderson County Tax Bill
$1,127
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Caryville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37714 | $3,126 | $3,126 | $3,126 | $3,126 | $3,126 |
Source: Ownwell