Knoxville, Anderson County, Tennessee Property Taxes

Name: Property Tax Bills Across Knoxville, Anderson County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Knoxville, TN effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Knoxville, TN home value: $118,600
Median annual Knoxville, TN tax bill: $779, $1,621 lower than the national median property tax bill of $2,400.

How are property taxes in Anderson County calculated?

Property taxes in Knoxville, TN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Knoxville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Knoxville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Knoxville, Anderson County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.66%

Estimate Property Tax Bill

$783

$726

Ownwell’s Knoxville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Knoxville with just two data points. By entering your property's estimated assessed value, our calculator applies Knoxville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Anderson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Knoxville, Anderson County, Tennessee

Local government entities are responsible for setting property tax rates, which can vary significantly within Tennessee. Each year, counties like Anderson estimate their necessary budget to fund services and divide this by the total value of all taxable property within their jurisdiction. This calculation establishes the property tax rate for the area. While votes and legislation play a role in determining these rates and budgets, this is essentially the annual procedure.

In Knoxville, located in Anderson County, the effective property tax rate stands at 0.66%. This is noticeably lower than the national median property tax rate of 1.02%. Homeowners in Knoxville benefit from a more favorable tax environment compared to many other regions across the United States. When comparing Knoxville's property tax rate to other cities within Tennessee, it remains a competitive option for residents seeking lower property tax liabilities. The lower tax rate can be an appealing factor for potential homeowners or investors considering property in the area.

Property Tax Rates Across Knoxville, Anderson County, Tennessee

Source: Ownwell

0.66%

0.92%

1.19%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Knoxville Tax Rate

0.66%

Median Effective Anderson County Tax Rate

0.87%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Knoxville, Anderson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37931	0.66%	0.66%	0.66%	0.66%	0.66%
37918	N/A	N/A	N/A	N/A	N/A
37932	N/A	N/A	N/A	N/A	N/A
37938	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Knoxville, Anderson County, Tennessee

When examining property taxes in Knoxville, TN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Anderson County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Anderson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Knoxville. For example, the median home price in Knoxville is $118,600, with tax bills ranging significantly across the county. Zip code 37931 has the highest median home price at $122,700.

Property Tax Assessment Values Across Knoxville, Anderson County, Tennessee

Source: Ownwell

$44,500

$116,750

$189,000

Median Knoxville Market Value

$118,600

Median Anderson County Market Value

$128,500

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Knoxville, Anderson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37931	$11,960	$40,200	$122,700	$230,800	$324,720
37918	N/A	N/A	N/A	N/A	N/A
37932	N/A	N/A	N/A	N/A	N/A
37938	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Knoxville, Anderson County, Tennessee

In Knoxville, located in Anderson County, TN, property tax bills are determined based on the assessed value of a home. The assessed value is typically a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. With a median home price of $118,600, homeowners in Knoxville can expect varying tax bills depending on their property's assessed value and specific location within the city. For instance, the tax bill at the 25th percentile is $257, while at the 75th percentile, it rises to $1,504. The highest median tax bill in the area is $806, found in zip code 37931. Compared to the national median property tax bill of $2,400, Knoxville's rates are relatively low, offering potential savings for homeowners. Ownwell can assist by identifying potential errors in assessments and ensuring homeowners take advantage of all available exemptions, ultimately helping to reduce property tax burdens and ensure fair taxation.

Property Tax Bills Across Knoxville, Anderson County, Tennessee

Source: Ownwell

$286

$1,113

$1,940

Median Knoxville Tax Bill

$779

Median Anderson County Tax Bill

$1,127

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Knoxville, Anderson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37931	$79	$257	$806	$1,516	$2,134
37918	N/A	N/A	N/A	N/A	N/A
37932	N/A	N/A	N/A	N/A	N/A
37938	N/A	N/A	N/A	N/A	N/A

Source: Ownwell