Greeneville, Tennessee Property Taxes
The median property tax rate in Greeneville, TN is 0.58%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $33,750 in Greeneville, the typical annual property tax bill is $196, which is well below the national median of $2,690. Property taxes in Greeneville 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 Greeneville'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 Greeneville 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
Greeneville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$196
Ownwell’s Greeneville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greeneville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greeneville 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 Greeneville, Tennessee
Property taxes in Greeneville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greeneville is 0.58%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Greeneville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greeneville 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 Greeneville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37745 zip code has both the highest and lowest median property tax rate of 0.58%. Understanding how these cities compare with Greeneville provides valuable insights into the varying tax landscape across Hawkins County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greeneville Tax Rate
0.58%
Average Hawkins County Tax Rate
0.58%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greeneville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37745 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Greeneville, Tennessee
In Greeneville, 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 local 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 Greeneville, 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 Greeneville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 37745 has both the highest and lowest median tax bills, with a value of $196.
Average Greeneville Assessed Value
$33,750
Average Hawkins County Assessed Value
$69,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greeneville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37745 | $15,070 | $19,125 | $33,750 | $75,000 | $205,290 |
Source: Ownwell
Property Tax Bills Across Greeneville, Tennessee
In Greeneville, Hawkins County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For a median home price of $33,750, the tax bill can vary significantly. At the 25th percentile, homeowners might see a tax bill around $111, while those at the 75th percentile could pay approximately $435. For the top 10% of assessed properties, tax bills can reach up to $1,190. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. The highest and lowest median tax bill in Greeneville both stand at $196, indicating a relatively consistent taxation approach within the zip code 37745. Compared to the national median property tax rate of 0.99%, Greeneville's property taxes appear to be quite low, offering financial relief to homeowners. However, understanding these variations is crucial for effective financial planning and property investment in the area.
Average Greeneville Tax Bill
$196
Average Hawkins County Tax Bill
$448
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Greeneville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37745 | $87 | $111 | $196 | $435 | $1,190 |
Source: Ownwell