Maryville, Tennessee Property Taxes
The median property tax rate in Maryville, TN is 0.62%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Maryville at $166,000, the typical annual property tax bill amounts to $1,163, significantly below the national median of $2,690. Property taxes in Maryville are calculated based on the tax assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Maryville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Maryville or another part of Blount County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maryville, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Maryville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Maryville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maryville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Blount County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Maryville, Tennessee
Property taxes in Maryville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maryville is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Maryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maryville 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 Maryville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37804 zip code has the highest median property tax rate of 0.62%, while the 37801 zip code has the lowest median tax rate of 0.62%. Understanding how these cities compare with Maryville provides valuable insights into the varying tax landscape across Blount County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maryville Tax Rate
0.62%
Average Blount County Tax Rate
0.62%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maryville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37801 | 0.62% | 0.62% | 0.62% | 0.62% | 1.18% |
| 37803 | 0.62% | 0.62% | 0.62% | 1.18% | 1.19% |
| 37804 | 0.62% | 0.62% | 0.62% | 1.18% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Maryville, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Maryville, Tennessee. 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 Blount County Assessor 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 Maryville, 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. For instance, the highest median tax bill in Maryville is $1,266 in the 37803 zip code, while the lowest median tax bill is $1,011 in the 37801 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maryville Assessed Value
$166,000
Average Blount County Assessed Value
$163,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maryville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37801 | $26,990 | $93,100 | $155,000 | $225,400 | $298,910 |
| 37803 | $90,300 | $138,700 | $182,000 | $247,900 | $358,300 |
| 37804 | $71,100 | $104,600 | $153,700 | $208,100 | $283,100 |
Source: Ownwell
Property Tax Bills Across Maryville, Tennessee
Property tax bills in Maryville, located in Blount County, TN, are calculated based on the assessed value of a property, which is typically a percentage of the market value. In Maryville, the median home price stands at $166,000. Tax rates are applied to this assessed value to determine the annual tax bill. For example, the median tax bill in Maryville is $1,266.00 in the 37803 zip code, while it is lower at $1,011.00 in the 37801 zip code. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Maryville may see tax bills ranging from the 25th percentile at $771 to the 75th percentile at $1,878, with the highest 90th percentile reaching $2,840. These property taxes fund essential local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Maryville homeowners experience a varied but generally moderate tax burden, impacting their overall cost of living and homeownership expenses.
Average Maryville Tax Bill
$1,163
Average Blount County Tax Bill
$1,142
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Maryville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37801 | $175 | $600 | $1,011 | $1,669 | $2,616 |
| 37803 | $571 | $913 | $1,266 | $2,092 | $3,412 |
| 37804 | $461 | $760 | $1,163 | $1,811 | $2,569 |
Source: Ownwell