Whitesburg, Tennessee Property Taxes
The median property tax rate in Whitesburg, TN is 0.49%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $93,200 in Whitesburg, the typical annual property tax bill is $459, well below the national median of $2,690. Property taxes in Whitesburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Whitesburg'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 Whitesburg 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
Whitesburg, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$457
Ownwell’s Whitesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitesburg 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 Whitesburg, Tennessee
Property taxes in Whitesburg, Tennessee, are vital for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitesburg is 0.49%, significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Whitesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitesburg 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 Whitesburg's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37891 has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Whitesburg 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 Whitesburg Tax Rate
0.49%
Average Hamblen County Tax Rate
0.49%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitesburg, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37891 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Whitesburg, Tennessee
In Whitesburg, 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. In Whitesburg, 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 Whitesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Whitesburg is $459, found in the 37891 zip code.
Average Whitesburg Assessed Value
$93,200
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 Whitesburg, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37891 | $17,160 | $47,450 | $93,200 | $140,500 | $176,540 |
Source: Ownwell
Property Tax Bills Across Whitesburg, Tennessee
In Whitesburg, Hamblen County, TN, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Homeowners in Whitesburg can expect their property tax bills to vary significantly, with the 25th percentile at $234 and the 75th percentile reaching $694 annually. For those at the 90th percentile, the tax bill can go up to $874. These figures are relatively low compared to the national median property tax rate of 0.99%. Factors such as the property's location, size, and market conditions influence the assessed value, thereby affecting the tax bill. With a median home price of $93,200, homeowners in Whitesburg benefit from a favorable property tax environment, which can ease the financial burden and make homeownership more accessible. The highest and lowest median tax bills in the area are both recorded at $459 in the 37891 zip code.
Average Whitesburg Tax Bill
$459
Average Hamblen County Tax Bill
$619
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitesburg, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37891 | $86 | $234 | $459 | $694 | $874 |
Source: Ownwell