Rogersville, Tennessee Property Taxes
The median property tax rate in Rogersville, TN is 0.60%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $71,850 in Rogersville, the typical annual property tax bill is around $432, significantly less than the national median of $2,690. Property taxes in Rogersville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Rogersville'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 Rogersville or another part of Sullivan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rogersville, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Rogersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rogersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rogersville 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 Rogersville, Tennessee
Property taxes in Rogersville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rogersville is 0.60%, which is significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Rogersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rogersville 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 Rogersville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37857 has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Rogersville provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rogersville Tax Rate
0.60%
Average Sullivan County Tax Rate
0.60%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rogersville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37857 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Rogersville, Tennessee
In Rogersville, 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 Sullivan 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 Rogersville, 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 Rogersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Rogersville is $432.00, both found in the zip code 37857.
Average Rogersville Assessed Value
$71,850
Average Sullivan County Assessed Value
$117,200
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rogersville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37857 | $15,130 | $29,550 | $71,850 | $105,725 | $159,810 |
Source: Ownwell
Property Tax Bills Across Rogersville, Tennessee
In Rogersville, Tennessee, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Rogersville is $71,850. Property tax rates in this area are determined by Sullivan County and are applied to the assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's market value, assessment ratio, and the tax rate set by local authorities. For homeowners, this means that the amount they owe in property taxes can vary significantly. For instance, the 25th percentile of tax bills is around $178, while the 75th percentile reaches $636. At the 90th percentile, the tax bill can be as high as $961. These variations highlight the impact of property value assessments and local tax rates on individual tax bills. Compared to the national median property tax rate of 0.99%, Rogersville's property tax rates offer a relatively manageable burden for homeowners.
Average Rogersville Tax Bill
$432
Average Sullivan County Tax Bill
$872
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Rogersville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37857 | $91 | $178 | $432 | $636 | $961 |
Source: Ownwell