Johnson City, Tennessee Property Taxes
The median property tax rate in Johnson City, TN is 0.97%, slightly lower than the national median of 0.99% but significantly higher than the Tennessee state median of 0.64%. With a median home value of $140,900 in Johnson City, the typical annual property tax bill is $1,119, which is 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 such as those for primary residences and agricultural properties. 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
0.97%
Estimate Property Tax Bill
$1,367
Ownwell’s Johnson City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to 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 essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Johnson City is 0.97%, which is just below the U.S. national median of 0.99%. Local government authorities in 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 areas within Washington County and the national median. For comparison, the 37601 zip code has the highest median property tax rate of 0.97%, while the 37615 zip code has the lowest median tax rate of 0.54%. Understanding how these areas compare with Johnson City provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnson City Tax Rate
0.97%
Average Washington County Tax Rate
0.54%
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 |
|---|---|---|---|---|---|
| 37601 | 0.54% | 0.97% | 0.97% | 0.97% | 0.97% |
| 37604 | 0.54% | 0.97% | 0.97% | 0.97% | 0.97% |
| 37615 | 0.54% | 0.54% | 0.54% | 0.54% | 0.97% |
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 Washington County Assessor 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 in Johnson City 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 highest median tax bill in Johnson City is $1,234 in zip code 37604, while the lowest is $981 in zip code 37615.
Average Johnson City Assessed Value
$140,900
Average Washington County Assessed Value
$131,500
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 |
|---|---|---|---|---|---|
| 37601 | $23,000 | $67,175 | $123,300 | $187,125 | $278,200 |
| 37604 | $38,100 | $84,000 | $135,700 | $205,800 | $321,850 |
| 37615 | $37,620 | $103,800 | $165,300 | $256,700 | $386,160 |
Source: Ownwell
Property Tax Bills Across Johnson City, Tennessee
In Johnson City, property tax bills are calculated based on the assessed value of a property, which is determined by the Washington County Assessor's Office. The assessed value is a percentage of the property's market value. Homeowners in Johnson City can expect their property tax bills to vary significantly depending on their property's location and value. For instance, the median home price in the city is $140,900. Factors such as property size, location, and market conditions are considered in determining the assessed value. The tax rate applied to this assessed value then determines the final tax bill. In Johnson City, property tax bills range widely. For example, the tax bill at the 25th percentile is $643, while at the 75th percentile, it is $1,818. The highest median tax bill in the area is $1,234 in the 37604 zip code, whereas the lowest median tax bill is $981 in the 37615 zip code. These variations affect homeowners differently, influencing their annual financial planning and property investment decisions.
Average Johnson City Tax Bill
$1,119
Average Washington County Tax Bill
$882
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 |
|---|---|---|---|---|---|
| 37601 | $187 | $590 | $1,158 | $1,776 | $2,646 |
| 37604 | $301 | $720 | $1,234 | $1,936 | $3,048 |
| 37615 | $228 | $600 | $981 | $1,672 | $2,857 |
Source: Ownwell