Cocke County, Tennessee Property Taxes
The median property tax rate in Cocke County is 0.64%, which aligns with the Tennessee state median but is notably lower than the national median of 0.99%. With a median home value of $94,000 in Cocke County, the typical annual property tax bill stands at $618, significantly below the national median of $2,690. Property taxes in Cocke County are based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding the specifics of Cocke County's property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Newport or another part of Cocke County, having a thorough understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cocke County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$602
$558
Ownwell’s Cocke County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Cocke County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cocke 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 Cocke County, Tennessee
Property taxes in Cocke County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cocke County is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Cocke County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cocke 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 Newport has one of the higher property tax rates in Cocke County at 0.64%, while the city of Dandridge boasts one of the lowest at 0.64%. Analyzing how Cocke County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cocke County Tax Rate
0.64%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cocke County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bybee | N/A | N/A | N/A | N/A | N/A |
| Cosby | 0.48% | 0.64% | 0.64% | 0.64% | 0.64% |
| Dandridge | N/A | N/A | N/A | N/A | N/A |
| Del Rio | 0.59% | 0.64% | 0.64% | 0.64% | 0.64% |
| Greeneville | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
| Hartford | N/A | N/A | N/A | N/A | N/A |
| Mosheim | N/A | N/A | N/A | N/A | N/A |
| Newport | 0.64% | 0.64% | 0.64% | 1.02% | 1.24% |
| Parrottsville | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Cocke County, Tennessee
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Cocke County, Tennessee. 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 Cocke 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 Cocke 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. For instance, Dandridge has the highest median tax bill at $1,368, while Del Rio has the lowest at $578. Being aware of these valuation processes in Cocke County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Cocke County Assessed Value
$94,000
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cocke County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bybee | N/A | N/A | N/A | N/A | N/A |
| Cosby | $22,190 | $51,475 | $101,200 | $159,200 | $232,530 |
| Dandridge | N/A | N/A | N/A | N/A | N/A |
| Del Rio | $30,790 | $55,300 | $98,000 | $148,650 | $217,130 |
| Greeneville | $33,880 | $62,900 | $129,100 | $176,000 | $227,220 |
| Hartford | N/A | N/A | N/A | N/A | N/A |
| Mosheim | N/A | N/A | N/A | N/A | N/A |
| Newport | $21,370 | $46,300 | $89,300 | $136,300 | $192,030 |
| Parrottsville | $33,100 | $63,750 | $115,400 | $169,025 | $241,900 |
Source: Ownwell
Property Tax Bills Across Cocke County, Tennessee
In Cocke County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county uses this assessed value, along with the local property tax rate, to determine the homeowner's tax bill. Factors such as the property's location, size, and improvements can influence its assessed value. For instance, a home with a median price of $94,000 in Cocke County might see a tax bill ranging from $264 at the 25th percentile to $1,517 at the 90th percentile. The highest median tax bill in the county is $1,368 in Dandridge, while the lowest is $578 in Del Rio, contrasting sharply with the national median property tax rate of 0.99%. These property taxes fund essential public services like schools, emergency services, and infrastructure, directly impacting the quality of life for homeowners. Understanding how these factors interplay helps homeowners anticipate their tax obligations and plan accordingly.
Average Cocke County Tax Bill
$618
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Cocke County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bybee | N/A | N/A | N/A | N/A | N/A |
| Cosby | $23 | $235 | $610 | $984 | $1,488 |
| Dandridge | N/A | N/A | N/A | N/A | N/A |
| Del Rio | $74 | $281 | $578 | $922 | $1,370 |
| Greeneville | $171 | $357 | $697 | $1,116 | $1,381 |
| Hartford | N/A | N/A | N/A | N/A | N/A |
| Mosheim | N/A | N/A | N/A | N/A | N/A |
| Newport | $58 | $269 | $628 | $1,051 | $1,560 |
| Parrottsville | $114 | $322 | $693 | $1,058 | $1,539 |
Source: Ownwell