Blount County, Tennessee Property Taxes
The median property tax rate in Blount County is 0.62%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Blount County, the typical annual property tax bill is $1,142, significantly below the national median of $2,690. Property taxes in Blount 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 Blount 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 Maryville or another part of Blount County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blount County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$1,016
$942
Ownwell’s Blount County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Blount County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Blount 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 Blount County, Tennessee
Property taxes in Blount County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Blount County is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Blount County set these rates annually, and they can vary significantly between different areas within the county. Each year, Blount 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 Alcoa has one of the higher property tax rates in Tennessee at 1.18%, while the city of Tallassee boasts one of the lowest at 0.62%. Analyzing how Blount County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Blount County Tax Rate
0.62%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blount County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alcoa | 0.62% | 1.18% | 1.18% | 1.19% | 1.19% |
| Friendsville | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Greenback | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Knoxville | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Lenoir City | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Louisville | 0.62% | 0.62% | 0.62% | 0.62% | 0.99% |
| Maryville | 0.62% | 0.62% | 0.62% | 1.18% | 1.19% |
| Rockford | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Seymour | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Tallassee | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Townsend | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Walland | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Blount County, Tennessee
In Blount 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 Blount 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 Blount 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. Being aware of these valuation processes in Blount County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Among the cities in Blount County, Alcoa has the highest median tax bill at $1,476, while Tallassee has the lowest at $446.
Property Tax Assessment Values Across Blount County, Tennessee
Source: Ownwell
$72,950
$130,225
$187,500
Average Blount County Assessed Value
$163,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blount County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alcoa | $74,520 | $97,400 | $131,800 | $224,800 | $356,440 |
| Friendsville | $51,140 | $97,575 | $164,600 | $250,500 | $370,980 |
| Greenback | $50,140 | $104,750 | $181,500 | $246,750 | $311,600 |
| Knoxville | $25,200 | $60,000 | $103,800 | $418,000 | $662,520 |
| Lenoir City | $60,060 | $96,775 | $161,950 | $301,075 | $385,730 |
| Louisville | $32,900 | $119,500 | $187,500 | $303,000 | $534,800 |
| Maryville | $63,900 | $113,200 | $166,000 | $228,200 | $317,000 |
| Rockford | $27,170 | $67,775 | $125,950 | $188,525 | $269,500 |
| Seymour | $93,530 | $129,025 | $171,800 | $226,000 | $313,070 |
| Tallassee | $15,820 | $36,100 | $72,950 | $127,625 | $211,300 |
| Townsend | $54,040 | $93,150 | $162,400 | $260,150 | $388,360 |
| Walland | $29,900 | $69,300 | $142,800 | $239,200 | $360,300 |
Source: Ownwell
Property Tax Bills Across Blount County, Tennessee
In Blount County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Various factors influence the assessed value, including the property's location, size, and condition. For homeowners in Blount County, the median home price is $163,800. Property tax bills can vary significantly, with the 25th percentile at $727 and the 75th percentile at $1,806. At the 90th percentile, tax bills can reach up to $2,821. These figures highlight the range of property tax burdens across the county. Alcoa has the highest median tax bill at $1,476, while Tallassee has the lowest at $446. Compared to the national median property tax rate of 0.99%, Blount County offers a range of tax liabilities that can impact homeowners differently depending on their property's assessed value.
Average Blount County Tax Bill
$1,142
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Blount County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alcoa | $691 | $1,051 | $1,476 | $2,427 | $4,017 |
| Friendsville | $313 | $602 | $1,021 | $1,550 | $2,285 |
| Greenback | $309 | $639 | $1,121 | $1,524 | $1,924 |
| Knoxville | $156 | $371 | $683 | $2,581 | $4,306 |
| Lenoir City | $371 | $598 | $1,000 | $1,859 | $2,382 |
| Louisville | $272 | $740 | $1,191 | $2,095 | $3,401 |
| Maryville | $411 | $771 | $1,163 | $1,878 | $2,840 |
| Rockford | $169 | $421 | $789 | $1,171 | $1,690 |
| Seymour | $577 | $797 | $1,070 | $1,403 | $1,934 |
| Tallassee | $97 | $222 | $446 | $778 | $1,291 |
| Townsend | $332 | $575 | $1,011 | $1,607 | $2,405 |
| Walland | $185 | $424 | $877 | $1,476 | $2,208 |
Source: Ownwell