Blaine, Grainger County, Tennessee Property Taxes
The median property tax rate in Blaine, TN is 0.59%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $142,900 in Blaine, the typical annual property tax bill amounts to $792, significantly less than the national median of $2,690. Property taxes in Blaine are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blaine's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Blaine or another part of Grainger County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blaine, Grainger County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$843
$782
Ownwell’s Blaine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blaine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blaine 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 Blaine, Grainger County, Tennessee
Property taxes in Blaine, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blaine is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Blaine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blaine 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. For comparison, the zip code 37709 has both the highest and lowest median property tax rate of 0.59%. Understanding how these cities compare with Blaine provides valuable insights into the varying tax landscape across Grainger County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blaine Tax Rate
0.59%
Average Grainger County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blaine, Grainger County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37709 | 0.58% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Blaine, Grainger County, Tennessee
In Blaine, Tennessee, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Grainger 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 Blaine, 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. Being aware of these valuation processes in Blaine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Blaine is 37709, with a median tax bill of $792.
Property Tax Assessment Values Across Blaine, Grainger County, Tennessee
Source: Ownwell
$87,500
$123,050
$158,600
Average Blaine Assessed Value
$142,900
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 Blaine, Grainger County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37709 | $42,780 | $80,500 | $142,900 | $216,100 | $320,080 |
Source: Ownwell
Property Tax Bills Across Blaine, Grainger County, Tennessee
In Blaine, 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 Blaine is $142,900, and the tax rate applied to this assessed value determines the tax bill. Factors such as property size, location, and improvements can influence the assessed value. The tax bill can vary significantly among homeowners. For example, the 25th percentile tax bill is $374, indicating that a quarter of the homeowners pay this amount or less. On the higher end, the 75th percentile tax bill is $1230, and the 90th percentile tax bill reaches $1845. The highest median tax bill in Blaine is $792, found in the 37709 zip code. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Blaine's tax rates offer a relatively affordable option for homeowners, making it an attractive place to live.
Average Blaine Tax Bill
$792
Average Grainger County Tax Bill
$597
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Blaine, Grainger County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37709 | $92 | $374 | $792 | $1,230 | $1,845 |
Source: Ownwell