Roan Mountain, Tennessee Property Taxes
The median property tax rate in Roan Mountain, TN is 0.51%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Roan Mountain at $66,800, the typical annual property tax bill is around $340, well below the national median of $2,690. Property taxes in Roan Mountain are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Roan Mountain'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 Roan Mountain or another part of Carter County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roan Mountain, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$341
Ownwell’s Roan Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roan Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roan Mountain 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 Roan Mountain, Tennessee
Property taxes in Roan Mountain, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roan Mountain is 0.51%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Roan Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roan Mountain 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 Roan Mountain'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 0.51%, while zip code 37658 has the lowest median tax rate of 0.51%. Understanding how these areas compare with Roan Mountain 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 Roan Mountain 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 Roan Mountain, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37640 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| 37643 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| 37658 | 0.51% | 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 Roan Mountain, Tennessee
In Roan Mountain, 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 Carter County Property 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. Assessment notices in Roan Mountain 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. The median home price in Roan Mountain is $66,800, with tax bills ranging from $158 at the 25th percentile to $1,064 at the 90th percentile. The highest median tax bill is $728 in zip code 37643, while the lowest is $293 in zip code 37640. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Roan Mountain, Tennessee
Source: Ownwell
$12,550
$168,375
$324,200
Average Roan Mountain Assessed Value
$66,800
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 Roan Mountain, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37640 | $52,590 | $55,875 | $57,750 | $134,050 | $271,300 |
| 37643 | $143,400 | $143,400 | $143,400 | $143,400 | $143,400 |
| 37658 | $59,200 | $59,200 | $59,200 | $59,200 | $59,200 |
| 37687 | $15,600 | $31,225 | $67,650 | $132,800 | $210,300 |
Source: Ownwell
Property Tax Bills Across Roan Mountain, Tennessee
In Roan Mountain, Carter County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For homeowners in Roan Mountain, the median home price is $66,800. Property tax rates and the assessed value combine to determine the annual tax bill. For instance, the tax bill in Roan Mountain can vary significantly, with the 25th percentile tax bill at $158 and the 75th percentile reaching $672. The 90th percentile tax bill can go as high as $1,064. These variations reflect differences in property values and any applicable exemptions or deductions. Comparatively, the highest median tax bill in Carter County is $728 in the 37643 zip code, while the lowest is $293 in the 37640 zip code. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Roan Mountain Tax Bill
$340
Average Carter County Tax Bill
$529
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Roan Mountain, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37640 | $267 | $284 | $293 | $680 | $1,377 |
| 37643 | $728 | $728 | $728 | $728 | $728 |
| 37658 | $300 | $300 | $300 | $300 | $300 |
| 37687 | $79 | $159 | $344 | $675 | $1,067 |
Source: Ownwell