Hamblen County Property Taxes
The median property tax rate in Hamblen County is 0.49%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $105,800 in Hamblen County, the typical annual property tax bill amounts to $619, considerably below the national median of $2,690. Property taxes in Hamblen County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hamblen County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Morristown or another part of Hamblen County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hamblen County 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 Hamblen County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hamblen County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hamblen County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Hamblen County, Tennessee
Property taxes in Hamblen County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hamblen County is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within Hamblen County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hamblen County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Johnson City has one of the higher property tax rates in Tennessee at 0.79%, while the city of Rutledge boasts one of the lowest at 0.49%. Analyzing how Hamblen County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hamblen County Tax Rate
0.49%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamblen County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bean Station | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
| Bluffton | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
| Bulls Gap | 0.49% | 0.49% | 0.49% | 0.49% | 0.50% |
| Dandridge | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Jackson | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
| Jefferson City | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Johnson City | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
| Knoxville | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
| Kodak | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
| Lake Oswego | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
| Mohawk | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Morristown | 0.49% | 0.49% | 0.49% | 0.79% | 0.79% |
| Newport | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Radcliff | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Rogersville | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
| Russellville | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Rutledge | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Sneedville | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Talbott | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Tazewell | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| White Pine | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Whitesburg | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Hamblen County, Tennessee
In Hamblen County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hamblen County Appraisal District. The assessed value, however, 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 Hamblen County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Hamblen County sees a range of property tax bills, with Talbott having the highest median tax bill at $647, while Rutledge has the lowest at $102. Being aware of these valuation processes in Hamblen County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Hamblen County, Tennessee
Source: Ownwell
$11,400
$70,800
$130,200
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 Hamblen County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bean Station | $14,100 | $14,100 | $14,100 | $14,100 | $14,100 |
| Bluffton | $24,800 | $24,800 | $24,800 | $24,800 | $24,800 |
| Bulls Gap | $6,540 | $9,700 | $28,000 | $121,250 | $139,160 |
| Dandridge | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 |
| Jackson | $15,360 | $15,450 | $15,600 | $15,750 | $15,840 |
| Jefferson City | $63,300 | $63,300 | $63,300 | $63,300 | $63,300 |
| Johnson City | $16,300 | $16,300 | $16,300 | $16,300 | $16,300 |
| Knoxville | $27,900 | $27,900 | $27,900 | $27,900 | $27,900 |
| Kodak | $28,990 | $32,425 | $38,150 | $43,875 | $47,310 |
| Lake Oswego | $42,300 | $42,300 | $42,300 | $42,300 | $42,300 |
| Mohawk | $27,100 | $27,100 | $27,100 | $27,100 | $27,100 |
| Morristown | $18,100 | $59,000 | $103,700 | $155,700 | $230,000 |
| Newport | $16,600 | $16,600 | $16,600 | $16,600 | $16,600 |
| Radcliff | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 |
| Rogersville | $20,200 | $20,200 | $20,200 | $20,200 | $20,200 |
| Russellville | $21,800 | $50,800 | $115,800 | $159,000 | $211,900 |
| Rutledge | $20,800 | $20,800 | $20,800 | $20,800 | $20,800 |
| Sneedville | $17,100 | $17,100 | $17,100 | $17,100 | $17,100 |
| Talbott | $22,170 | $80,075 | $130,200 | $168,225 | $245,080 |
| Tazewell | $45,800 | $45,800 | $45,800 | $45,800 | $45,800 |
| White Pine | $13,300 | $22,025 | $65,550 | $138,175 | $178,380 |
| Whitesburg | $17,160 | $47,450 | $93,200 | $140,500 | $176,540 |
Source: Ownwell
Property Tax Bills Across Hamblen County, Tennessee
In Hamblen County, Tennessee, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Hamblen County experience a range of tax bills, influenced by factors such as the property's location, size, and condition. The median home price in the county is $105,800, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $331, while the 75th percentile tax bill is $899, and the 90th percentile reaches $1,355. The highest median tax bill in the county is found in Talbott at $647, whereas Rutledge has the lowest median tax bill at $102. These variations can impact homeowners' finances, making it crucial to understand the local tax rate and assessment practices. Compared to the national median property tax rate of 0.99%, Hamblen County's property taxes can be relatively manageable, but they still represent a significant expense for homeowners.
Average Hamblen County Tax Bill
$619
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamblen County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bean Station | $111 | $111 | $111 | $111 | $111 |
| Bluffton | $196 | $196 | $196 | $196 | $196 |
| Bulls Gap | $32 | $49 | $158 | $598 | $688 |
| Dandridge | $94 | $94 | $94 | $94 | $94 |
| Jackson | $121 | $122 | $123 | $124 | $125 |
| Jefferson City | $312 | $312 | $312 | $312 | $312 |
| Johnson City | $129 | $129 | $129 | $129 | $129 |
| Knoxville | $221 | $221 | $221 | $221 | $221 |
| Kodak | $229 | $256 | $301 | $346 | $373 |
| Lake Oswego | $334 | $334 | $334 | $334 | $334 |
| Mohawk | $133 | $133 | $133 | $133 | $133 |
| Morristown | $106 | $360 | $637 | $953 | $1,443 |
| Newport | $82 | $82 | $82 | $82 | $82 |
| Radcliff | $56 | $56 | $56 | $56 | $56 |
| Rogersville | $160 | $160 | $160 | $160 | $160 |
| Russellville | $108 | $250 | $578 | $785 | $1,048 |
| Rutledge | $102 | $102 | $102 | $102 | $102 |
| Sneedville | $84 | $84 | $84 | $84 | $84 |
| Talbott | $110 | $402 | $647 | $838 | $1,241 |
| Tazewell | $226 | $226 | $226 | $226 | $226 |
| White Pine | $66 | $108 | $323 | $680 | $878 |
| Whitesburg | $86 | $234 | $459 | $694 | $874 |
Source: Ownwell