Sewanee, Franklin County, Tennessee Property Taxes

Name: Property Tax Bills Across Sewanee, Franklin County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Sewanee, TN effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Sewanee, TN home value: $279,300
Median annual Sewanee, TN tax bill: $1,226, $1,174 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

Property taxes in Sewanee, TN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Sewanee’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sewanee, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sewanee, Franklin County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.47%

Estimate Property Tax Bill

$1,313

$1,218

Ownwell’s Sewanee Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sewanee with just two data points. By entering your property's estimated assessed value, our calculator applies Sewanee’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Franklin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Sewanee, Franklin County, Tennessee

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Sewanee’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.

Property Tax Rates Across Sewanee, Franklin County, Tennessee

Source: Ownwell

0.47%

0.58%

0.70%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Sewanee Tax Rate

0.47%

Median Effective Franklin County Tax Rate

0.47%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sewanee, Franklin County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37375	0.42%	0.42%	0.47%	0.47%	0.47%

Source: Ownwell

Property Tax Assessment Values Across Sewanee, Franklin County, Tennessee

When examining property taxes in Sewanee, TN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Franklin County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. This assessed value is used to calculate your property taxes, multiplied by your tax rate to get your tax bill. In Franklin County, assessment notices are sent in the spring each year, typically reaching your mailbox by mid-April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Sewanee. For example, the median home price in Sewanee is $279,300, with tax bills ranging significantly across the county. The 37375 zip code has the highest median home price at $279,300.

Property Tax Assessment Values Across Sewanee, Franklin County, Tennessee

Source: Ownwell

$105,300

$279,250

$453,200

Median Sewanee Market Value

$279,300

Median Franklin County Market Value

$205,400

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sewanee, Franklin County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37375	$104,050	$165,650	$279,300	$432,850	$607,830

Source: Ownwell

Property Tax Bills Across Sewanee, Franklin County, Tennessee

In Sewanee, located in Franklin County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. With a median home price of $279,300, homeowners can expect tax bills to vary widely. For instance, the tax bill at the 25th percentile is $720, while at the 75th percentile, it's $1,866. The 90th percentile tax bill reaches $2,689, indicating significant variability based on property value and location within the area. Compared to the national median property tax bill of $2,400, Sewanee's figures suggest a relatively moderate tax burden. Homeowners in Sewanee can benefit from Ownwell’s expertise in property tax appeals and exemptions. By analyzing property assessments and identifying potential errors or opportunities for exemptions, Ownwell can help homeowners reduce their tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Sewanee, Franklin County, Tennessee

Source: Ownwell

$491

$1,308

$2,125

Median Sewanee Tax Bill

$1,226

Median Franklin County Tax Bill

$1,112

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Sewanee, Franklin County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37375	$448	$720	$1,226	$1,866	$2,689

Source: Ownwell