Grainger County Property Taxes
The median property tax rate in Grainger County is 0.59%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $110,900 in Grainger County, the typical annual property tax bill comes to $597, far below the national median of $2,690. Property taxes in Grainger County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Grainger 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 Rutledge or another part of Grainger County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grainger County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$654
Ownwell’s Grainger County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Grainger County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Grainger 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 Grainger County, Tennessee
Property taxes in Grainger County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Grainger County is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Grainger County set these rates annually, and they can vary significantly between different areas within the county. Each year, Grainger 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. The following data compares Grainger County's effective property tax rate with other benchmarks. For comparison, the city of Luttrell has one of the higher property tax rates in the area at 0.59%, while the city of Tazewell boasts one of the lowest at 0.59%. Analyzing how Grainger County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Grainger County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grainger County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bean Station | 0.15% | 0.59% | 0.59% | 0.59% | 0.59% |
| Blaine | 0.58% | 0.59% | 0.59% | 0.59% | 0.59% |
| Luttrell | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Mascot | 0.30% | 0.59% | 0.59% | 0.59% | 0.59% |
| Mooresburg | 0.18% | 0.59% | 0.59% | 0.59% | 0.59% |
| Powder Springs | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Rutledge | 0.15% | 0.59% | 0.59% | 0.59% | 0.59% |
| Tazewell | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Thorn Hill | 0.53% | 0.59% | 0.59% | 0.59% | 0.59% |
| Washburn | 0.52% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Grainger County, Tennessee
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Grainger. 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 Grainger 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 Grainger 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, Luttrell has the highest median tax bill at $954, while Thorn Hill has the lowest at $483. Being aware of these valuation processes in Grainger will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Grainger County, Tennessee
Source: Ownwell
$87,500
$123,050
$158,600
Average Grainger County Assessed Value
$110,900
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grainger County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bean Station | $24,100 | $58,200 | $109,550 | $173,100 | $251,310 |
| Blaine | $42,780 | $80,500 | $142,900 | $216,100 | $320,080 |
| Luttrell | $82,400 | $88,900 | $153,500 | $187,900 | $192,700 |
| Mascot | $8,240 | $10,550 | $87,500 | $170,100 | $240,440 |
| Mooresburg | $19,360 | $60,200 | $158,600 | $197,800 | $245,000 |
| Powder Springs | $39,170 | $62,575 | $100,850 | $148,800 | $183,650 |
| Rutledge | $24,900 | $55,700 | $108,550 | $180,000 | $288,650 |
| Tazewell | $86,900 | $88,700 | $99,100 | $101,200 | $181,780 |
| Thorn Hill | $22,620 | $46,600 | $90,000 | $142,200 | $198,060 |
| Washburn | $30,610 | $54,250 | $96,900 | $153,900 | $222,770 |
Source: Ownwell
Property Tax Bills Across Grainger County, Tennessee
In Grainger County, TN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is determined by county assessors. For example, if your home is valued at $110,900, the assessed value might be a fraction of that amount, depending on local regulations. The local tax rate is then applied to this assessed value to calculate your tax bill. Several factors influence the final tax bill, including property location and specific city rates within the county. In Grainger County, the median property tax rate is significantly lower than the national median of 0.99%. Homeowners in Luttrell face the highest median tax bill at $954, while those in Thorn Hill enjoy the lowest at $483. The 25th percentile tax bill is $259, and the 75th percentile is $1001, with the 90th percentile reaching $1530. These variations impact homeowners differently, influencing their overall cost of living and financial planning.
Average Grainger County Tax Bill
$597
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Grainger County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bean Station | $41 | $230 | $588 | $968 | $1,454 |
| Blaine | $92 | $374 | $792 | $1,230 | $1,845 |
| Luttrell | $576 | $657 | $954 | $1,104 | $1,135 |
| Mascot | $42 | $322 | $658 | $1,220 | $1,544 |
| Mooresburg | $7 | $219 | $906 | $1,164 | $1,502 |
| Powder Springs | $177 | $330 | $574 | $815 | $1,030 |
| Rutledge | $38 | $245 | $578 | $989 | $1,602 |
| Tazewell | $510 | $521 | $582 | $595 | $1,068 |
| Thorn Hill | $69 | $223 | $483 | $815 | $1,143 |
| Washburn | $94 | $262 | $520 | $894 | $1,304 |
Source: Ownwell