Anderson County, Tennessee Property Taxes

Local government entities determine tax rates, and these can vary significantly within Tennessee. The annual process involves each county estimating its required budget for services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this calculation forms the core of the process.

You can compare Anderson County's effective property tax rate to other counties in Tennessee or the U.S. median property tax rate. Anderson County has a median property tax rate of 0.87%, which is below the national median of 1.02%. In Tennessee, Oak Ridge has the highest median property tax rate at 1.19%, while Powell has the lowest at 0.66%. This variation highlights the differences in how counties manage their budgets and services. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

In Anderson County, Tennessee, property tax bills are determined by assessing the property's value and applying the local tax rate. The median home price in the county is $128,500, with property tax bills varying significantly across different areas. For instance, the median property tax bill in the city of Norris is the highest at $1,940, while Briceville has the lowest median tax bill at $286. These variations highlight how location within the county can significantly impact a homeowner's tax obligations.

The property tax bill is influenced by factors such as the assessed value of the property and the specific tax rate levied by the local government. Homeowners in Anderson County experience a range of tax bills, with the 25th percentile at $704 and the 75th percentile at $1,696. The 90th percentile tax bill reaches $2,613, indicating that some homeowners pay considerably more than others, depending on the assessed value of their properties. Compared to the national median property tax bill of $2,400, Anderson County generally presents a more affordable tax burden for its residents.