Johnson City, Tennessee Property Taxes
The median property tax rate in Johnson City, TN is 0.79%, lower than the national median of 0.99% but higher than the Tennessee state median of 0.64%. With the median home value in Johnson City at $16,300, the typical annual property tax bill is $129, significantly below the national median of $2,690. Property taxes in Johnson City are calculated based on the tax assessed value, which often falls below the market value due to various 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 significant annual savings. Whether you're in the heart of Johnson City 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
Johnson City, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$129
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, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnson City is 0.79%, which is 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 counties in Tennessee and the national median. For comparison, the 37604 zip code has both the highest and lowest median property tax rate of 0.79%. Understanding how these cities compare with Johnson City provides valuable insights into the varying tax landscape across Hamblen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnson City Tax Rate
0.79%
Average Hamblen County Tax Rate
0.49%
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 |
|---|---|---|---|---|---|
| 37604 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Johnson City, Tennessee
In Johnson City, 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 Hamblen 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. 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 Johnson City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 37604, with a median tax bill of $129, which is also the lowest.
Average Johnson City Assessed Value
$16,300
Average Hamblen County Assessed Value
$105,800
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 |
|---|---|---|---|---|---|
| 37604 | $16,300 | $16,300 | $16,300 | $16,300 | $16,300 |
Source: Ownwell
Property Tax Bills Across Johnson City, Tennessee
In Johnson City, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to this value to determine the annual property tax bill. Factors influencing the tax bill include the property's location, size, and condition, as well as any applicable exemptions or abatements. In Johnson City, the median home price is $16,300, and the median property tax bill is notably low at $129, which is significantly below the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable, attracting residents and potentially boosting the local real estate market. However, it also means that local governments may have less revenue for public services, which could impact community resources and infrastructure.
Average Johnson City Tax Bill
$129
Average Hamblen County Tax Bill
$619
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 |
|---|---|---|---|---|---|
| 37604 | $129 | $129 | $129 | $129 | $129 |
Source: Ownwell