Pigeon Forge, Tennessee Property Taxes
The median property tax rate in Pigeon Forge, TN is 0.41%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Pigeon Forge, the typical annual property tax bill reaches $865, significantly below the national median of $2,690. Property taxes in Pigeon Forge are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pigeon Forge'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 Pigeon Forge or another part of Sevier County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pigeon Forge, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$879
Ownwell’s Pigeon Forge Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Pigeon Forge using just two data points. By entering your property's estimated assessed value, the calculator employs the median tax rate in Pigeon Forge to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more granular data, additional localized information is available below. Your property’s assessed value is determined by Sevier County for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Pigeon Forge, Tennessee
Property taxes in Pigeon Forge, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pigeon Forge is 0.41%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Pigeon Forge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pigeon Forge 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 Pigeon Forge's effective property tax rate to other areas in Sevier County and the national median. For comparison, the zip code 37863 has the highest median property tax rate of 0.41%, while zip code 37876 has the lowest median tax rate of 0.41%. Understanding how these cities compare with Pigeon Forge provides valuable insights into the varying tax landscape across Sevier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pigeon Forge Tax Rate
0.41%
Average Sevier County Tax Rate
0.37%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pigeon Forge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37862 | 0.37% | 0.38% | 0.39% | 0.40% | 0.41% |
| 37863 | 0.37% | 0.41% | 0.41% | 0.41% | 0.41% |
| 37876 | 0.37% | 0.37% | 0.41% | 0.41% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Pigeon Forge, Tennessee
In Pigeon Forge, 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 Sevier 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. For example, in Pigeon Forge, the highest median tax bill is $3,255 in the 37862 zip code, while the lowest median tax bill is $864 in the 37863 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pigeon Forge Assessed Value
$214,500
Average Sevier County Assessed Value
$196,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pigeon Forge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37862 | $345,530 | $541,325 | $867,650 | $1,193,975 | $1,389,770 |
| 37863 | $79,700 | $139,700 | $214,200 | $298,450 | $437,500 |
| 37876 | $245,260 | $260,100 | $457,300 | $484,600 | $1,253,420 |
Source: Ownwell
Property Tax Bills Across Pigeon Forge, Tennessee
In Pigeon Forge, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $214,500, the assessed value is determined by local assessment practices. The tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence this calculation, including property location, improvements, and any applicable exemptions. Homeowners in Pigeon Forge experience a range of tax bills. At the 25th percentile, the tax bill is approximately $562, while at the 75th percentile, it rises to around $1,205. The 90th percentile sees tax bills as high as $1,783. The highest median tax bill in the area is found in the 37862 zip code, reaching $3,255, whereas the lowest is in the 37863 zip code at $864. These variations impact homeowners differently, depending on their property's assessed value and specific location within Sevier County.
Average Pigeon Forge Tax Bill
$865
Average Sevier County Tax Bill
$766
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Pigeon Forge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37862 | $1,359 | $2,070 | $3,255 | $4,440 | $5,151 |
| 37863 | $312 | $561 | $864 | $1,204 | $1,774 |
| 37876 | $993 | $1,069 | $1,881 | $1,993 | $4,638 |
Source: Ownwell