Bluff City, Carter County, Tennessee Property Taxes
The median property tax rate in Bluff City, TN is 0.51%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Bluff City, the typical annual property tax bill reaches $126, significantly below the national median of $2,690. Property taxes in Bluff City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bluff City'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 Bluff City or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bluff City, Carter County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$127
$118
Ownwell’s Bluff City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bluff City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bluff City 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 Bluff City, Carter County, Tennessee
Property taxes in Bluff City, Tennessee, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bluff City is 0.51%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Bluff City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bluff City 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 Bluff City's effective property tax rate to other areas in Tennessee and the national median. For comparison, the 37643 zip code has the highest median property tax rate of 0.51%, while the 37618 zip code has the lowest median tax rate of 0.51%. Understanding how these cities compare with Bluff City provides valuable insights into the varying tax landscape across Carter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bluff City Tax Rate
0.51%
Average Carter County Tax Rate
0.51%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bluff City, Carter County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37618 | N/A | N/A | N/A | N/A | N/A |
| 37643 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Bluff City, Carter County, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bluff City, Tennessee. 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 Carter County Appraisal District 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 Bluff City, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Bluff City has a wide range of tax bills, with the highest median tax bill being $478 in the 37618 zip code and the lowest median tax bill being $108 in the 37643 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bluff City, Carter County, Tennessee
Source: Ownwell
$12,950
$84,575
$156,200
Average Bluff City Assessed Value
$24,950
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 Bluff City, Carter County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37618 | N/A | N/A | N/A | N/A | N/A |
| 37643 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Bluff City, Carter County, Tennessee
In Bluff City, located in Carter County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Bluff City is $24,950. To determine the tax bill, the assessed value is multiplied by the local tax rate. Factors such as property size, location, and improvements can influence the assessed value, impacting the overall tax bill. For homeowners in Bluff City, the property tax burden can vary widely. The 25th percentile tax bill is $108, while the 75th percentile tax bill is $399, and the 90th percentile tax bill reaches $588. Comparatively, the highest median tax bill in the region is $478 in the 37618 zip code, whereas the lowest median tax bill is $108 in the 37643 zip code. These variations highlight the importance of understanding local property assessments and tax rates, as they directly affect homeowners' annual expenses.
Average Bluff City Tax Bill
$126
Average Carter County Tax Bill
$529
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Bluff City, Carter County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37618 | N/A | N/A | N/A | N/A | N/A |
| 37643 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell