Carter County, Tennessee Property Taxes
The median property tax rate in Carter County is 0.51%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Carter County, the typical annual property tax bill reaches $529, far below the national median of $2,690. Property taxes in Carter 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 Carter 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 Elizabethton or another part of Carter County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carter County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$480
$445
Ownwell’s Carter County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carter County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Carter County to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. To explore trends on a city level, scroll down to navigate to more localized information. Your property's assessed value is determined by your county for property tax calculations and considers any exemptions you may qualify for.
Property Tax Rates Across Carter County, Tennessee
Property taxes in Carter County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Carter County is 0.51%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Carter County set these rates annually, and they can vary significantly between different areas within the county. Each year, Carter 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 Mountain City has one of the higher property tax rates in Tennessee at 0.51%, while the city of Kingsport boasts one of the lowest at 0.51%. Analyzing how Carter County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Carter County Tax Rate
0.51%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carter County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluff City | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Butler | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Elizabethton | 0.51% | 0.51% | 0.51% | 0.90% | 0.90% |
| Hampton | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Johnson City | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Jonesborough | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Kingsport | N/A | N/A | N/A | N/A | N/A |
| Mountain City | N/A | N/A | N/A | N/A | N/A |
| Roan Mountain | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Watauga | 0.51% | 0.51% | 0.51% | 0.51% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Carter County, Tennessee
In Carter 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 Carter 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 Carter 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. For example, Kingsport has the highest median tax bill at $921, whereas Bluff City has the lowest at $126. 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 Carter County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Carter County Assessed Value
$94,100
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carter County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluff City | $20,360 | $21,200 | $24,950 | $78,650 | $115,860 |
| Butler | $10,800 | $28,075 | $58,950 | $145,350 | $359,660 |
| Elizabethton | $19,000 | $46,900 | $98,900 | $150,100 | $210,500 |
| Hampton | $15,300 | $31,500 | $71,500 | $124,450 | $176,260 |
| Johnson City | $23,200 | $55,200 | $115,800 | $179,000 | $244,060 |
| Jonesborough | $64,120 | $74,000 | $156,200 | $227,600 | $243,380 |
| Kingsport | N/A | N/A | N/A | N/A | N/A |
| Mountain City | N/A | N/A | N/A | N/A | N/A |
| Roan Mountain | $15,600 | $31,100 | $66,800 | $132,300 | $209,500 |
| Watauga | $20,240 | $37,725 | $88,500 | $152,100 | $207,490 |
Source: Ownwell
Property Tax Bills Across Carter County, Tennessee
In Carter County, TN, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The county applies a tax rate to this assessed value to determine the annual property tax bill. Several factors influence this calculation, including the property's location, size, and any applicable exemptions. For instance, the median home price in Carter County is $94,100. Homeowners at the 25th percentile can expect to pay around $213 in property taxes, while those at the 75th percentile might see bills closer to $896. At the higher end, the 90th percentile tax bill can reach $1,339. The highest median tax bill in the region is found in Kingsport, at $921, while Bluff City has the lowest at $126. These variations can significantly impact homeowners, influencing decisions about purchasing or retaining property. Compared to the national median property tax rate of 0.99%, Carter County offers a relatively affordable tax environment, making it an attractive option for potential homeowners.
Average Carter County Tax Bill
$529
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Carter County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluff City | $104 | $108 | $126 | $399 | $588 |
| Butler | $55 | $150 | $300 | $741 | $1,826 |
| Elizabethton | $104 | $255 | $596 | $968 | $1,446 |
| Hampton | $78 | $162 | $364 | $632 | $896 |
| Johnson City | $120 | $282 | $606 | $940 | $1,290 |
| Jonesborough | $325 | $376 | $793 | $1,155 | $1,235 |
| Kingsport | N/A | N/A | N/A | N/A | N/A |
| Mountain City | N/A | N/A | N/A | N/A | N/A |
| Roan Mountain | $79 | $158 | $340 | $672 | $1,064 |
| Watauga | $109 | $204 | $493 | $812 | $1,124 |
Source: Ownwell