Johnson City, Tennessee Property Taxes
The median property tax rate in Johnson City, TN is 0.51%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $115,800 in Johnson City, the typical annual property tax bill amounts to $606, which is well below the national median of $2,690. Property taxes in Johnson City are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Johnson City'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 Johnson City or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Johnson City, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$591
Ownwell’s Johnson City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnson City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnson City to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Johnson City, Tennessee
Property taxes in Johnson City, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnson City is 0.51%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Johnson City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnson City 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 Johnson City's effective property tax rate to other areas in Tennessee and the national median. For comparison, the ZIP code 37643 has the highest median property tax rate of 0.70%, while ZIP code 37658 has the lowest median tax rate of 0.51%. Understanding how these areas compare with Johnson City provides valuable insights into the varying tax landscape across Carter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnson City Tax Rate
0.51%
Average Carter County Tax Rate
0.51%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnson City, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37601 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| 37604 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| 37605 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| 37615 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| 37640 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| 37643 | 0.51% | 0.51% | 0.70% | 0.90% | 0.90% |
| 37658 | 0.50% | 0.51% | 0.51% | 0.51% | 0.51% |
| 37687 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Johnson City, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Johnson City, TN. 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 local appraisal authorities 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. Assessment notices in Johnson City 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. In Johnson City, the zip code with the highest median tax bill is 37605 at $691, while the lowest is 37643 at $169. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Johnson City Assessed Value
$115,800
Average Carter County Assessed Value
$94,100
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johnson City, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37601 | $27,000 | $64,800 | $120,800 | $182,950 | $248,180 |
| 37604 | $15,660 | $26,050 | $54,000 | $111,750 | $184,060 |
| 37605 | $136,100 | $136,100 | $136,100 | $136,100 | $136,100 |
| 37615 | $17,660 | $29,000 | $47,900 | $50,550 | $52,140 |
| 37640 | $22,800 | $35,800 | $61,300 | $72,250 | $82,000 |
| 37643 | $18,840 | $20,325 | $24,700 | $82,825 | $134,770 |
| 37658 | $11,720 | $23,800 | $50,900 | $106,300 | $133,620 |
| 37687 | $21,340 | $40,350 | $49,900 | $66,850 | $96,760 |
Source: Ownwell
Property Tax Bills Across Johnson City, Tennessee
In Johnson City, located in Carter County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the tax bill, including the market value of the property, the assessment ratio, and the local tax rate. For example, with a median home price of $115,800, homeowners in Johnson City might see tax bills ranging from $282 at the 25th percentile to $1,290 at the 90th percentile. The highest median tax bill in the area is $691, found in the 37605 zip code, while the lowest is $169 in the 37643 zip code. For homeowners, this means that property taxes can vary significantly depending on the specific location and value of their property, impacting their overall financial planning and budgeting.
Average Johnson City Tax Bill
$606
Average Carter County Tax Bill
$529
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnson City, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37601 | $138 | $333 | $634 | $960 | $1,306 |
| 37604 | $79 | $132 | $274 | $567 | $934 |
| 37605 | $691 | $691 | $691 | $691 | $691 |
| 37615 | $89 | $147 | $243 | $256 | $265 |
| 37640 | $116 | $182 | $311 | $366 | $416 |
| 37643 | $95 | $103 | $169 | $746 | $1,213 |
| 37658 | $59 | $121 | $258 | $539 | $678 |
| 37687 | $108 | $204 | $253 | $340 | $491 |
Source: Ownwell