Rogersville, Tennessee Property Taxes
The median property tax rate in Rogersville, TN is 0.79%, 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 $20,200 in Rogersville, the typical annual property tax bill amounts to $160, well below 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 various exemptions such as the primary residence and agricultural exemptions. Understanding Rogersville'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 Rogersville or another part of the city, 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 0.79%, which is lower than 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 the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these areas compare with Rogersville provides valuable insights into the varying tax landscape across Hamblen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rogersville Tax Rate
0.79%
Average Hamblen County Tax Rate
0.49%
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 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
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 Hamblen 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. 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. The median home price in Rogersville is $20,200, with median property tax bills ranging around $160. Notably, the zip code 37857 has both the highest and lowest median tax bills, each at $160. 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.
Average Rogersville Assessed Value
$20,200
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 Rogersville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37857 | $20,200 | $20,200 | $20,200 | $20,200 | $20,200 |
Source: Ownwell
Property Tax Bills Across Rogersville, Tennessee
Property tax bills in Rogersville, located in Hamblen County, TN, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For Rogersville, the median home price is $20,200, which is considerably lower than the national median. The property tax rate in this area is relatively low, with the highest median tax bill being $160, which is consistent across various percentiles. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, homeowners may qualify for exemptions that can reduce their taxable value, thereby lowering their tax bill. The relatively low property tax bills in Rogersville can be a significant benefit for homeowners, making it an attractive place for those looking to minimize their annual expenses. Compared to the national median property tax rate of 0.99%, Rogersville offers a more affordable tax environment, easing the financial burden on its residents.
Average Rogersville Tax Bill
$160
Average Hamblen County Tax Bill
$619
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 | $160 | $160 | $160 | $160 | $160 |
Source: Ownwell