Claiborne County, Tennessee Property Taxes
The median property tax rate in Claiborne County is 0.58%, 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 Claiborne County, the typical annual property tax bill is $680, far below the national median of $2,690. Property taxes in Claiborne 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 Claiborne 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 Tazewell or another part of Claiborne County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Claiborne County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$663
$615
Ownwell’s Claiborne County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Claiborne County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Claiborne 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 Claiborne County, Tennessee
Property taxes in Claiborne County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Claiborne County is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Claiborne County set these rates annually, and they can vary significantly between different areas within the county. Each year, Claiborne 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 Cumberland Gap has one of the higher property tax rates in Tennessee at 0.58%, while the city of Thorn Hill boasts one of the lowest at 0.57%. Analyzing how Claiborne County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Claiborne County Tax Rate
0.58%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Claiborne County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clairfield | 0.57% | 0.57% | 0.58% | 0.58% | 0.58% |
| Cumberland Gap | 0.57% | 0.57% | 0.58% | 0.58% | 0.76% |
| Eagan | N/A | N/A | N/A | N/A | N/A |
| Harrogate | 0.57% | 0.57% | 0.58% | 0.58% | 0.58% |
| New Tazewell | 0.57% | 0.57% | 0.58% | 0.58% | 0.58% |
| Sneedville | 0.57% | 0.57% | 0.58% | 0.58% | 0.58% |
| Speedwell | 0.57% | 0.57% | 0.58% | 0.58% | 0.58% |
| Tazewell | 0.57% | 0.57% | 0.58% | 0.58% | 0.58% |
| Thorn Hill | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Claiborne County, Tennessee
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Claiborne County, TN. 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 Claiborne 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 Claiborne 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 instance, Harrogate has the highest median tax bill at $802, while Clairfield has the lowest at $180. 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 Claiborne County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Claiborne County, Tennessee
Source: Ownwell
$30,600
$84,150
$137,700
Average Claiborne County Assessed Value
$114,300
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Claiborne County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clairfield | $8,100 | $15,725 | $30,600 | $48,250 | $83,380 |
| Cumberland Gap | $15,640 | $57,025 | $106,100 | $172,225 | $232,860 |
| Eagan | N/A | N/A | N/A | N/A | N/A |
| Harrogate | $41,200 | $86,775 | $137,700 | $197,825 | $284,580 |
| New Tazewell | $15,840 | $59,200 | $112,800 | $186,200 | $303,920 |
| Sneedville | $26,640 | $50,300 | $95,400 | $153,500 | $209,680 |
| Speedwell | $29,640 | $62,050 | $104,400 | $166,850 | $256,380 |
| Tazewell | $25,100 | $63,700 | $112,400 | $164,300 | $239,240 |
| Thorn Hill | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Claiborne County, Tennessee
In Claiborne County, TN, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. For homeowners, this means that the amount they owe in property taxes is directly influenced by the value of their home. Claiborne County’s property tax rates can vary, resulting in different tax bills across the region. For instance, the median home price is $114,300, and tax bills range significantly, from the 25th percentile at $377 to the 90th percentile reaching $1,555. Factors such as location within the county also play a role; for example, Harrogate has the highest median tax bill at $802, while Clairfield has the lowest at $180. These variations can affect homeowners differently, potentially making property ownership more or less affordable depending on where they live. Compared to the national median property tax rate of 0.99%, Claiborne County’s rates indicate a relatively diverse tax landscape, impacting homeowners' financial planning and property investment decisions.
Average Claiborne County Tax Bill
$680
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Claiborne County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clairfield | $50 | $98 | $180 | $278 | $472 |
| Cumberland Gap | $100 | $335 | $658 | $1,035 | $1,395 |
| Eagan | N/A | N/A | N/A | N/A | N/A |
| Harrogate | $253 | $515 | $802 | $1,154 | $1,657 |
| New Tazewell | $106 | $363 | $677 | $1,098 | $1,818 |
| Sneedville | $209 | $335 | $554 | $888 | $1,246 |
| Speedwell | $181 | $376 | $626 | $975 | $1,494 |
| Tazewell | $159 | $384 | $661 | $964 | $1,415 |
| Thorn Hill | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell