Ooltewah, Hamilton County, Tennessee Property Taxes

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

Median Ooltewah, TN effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Ooltewah, TN home value: $276,300
Median annual Ooltewah, TN tax bill: $1,658, $742 lower than the national median property tax bill of $2,400.

How are property taxes in Hamilton County calculated?

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

Last Updated March 1, 2025

Ooltewah, Hamilton County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.56%

Estimate Property Tax Bill

$1,547

$1,436

Ownwell’s Ooltewah Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ooltewah with just two data points. By entering your property's estimated assessed value, our calculator applies Ooltewah’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 Hamilton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ooltewah, Hamilton County, Tennessee

Local government entities determine property tax rates, which can differ significantly within a state. This variation largely stems from each county's annual budgetary needs. Counties assess their financial requirements to fund public services and divide this amount by the total value of all taxable properties within their boundaries. This process establishes the property tax rate.

Although the determination of tax rates and budgets involves votes and legislation, this is the core of the annual procedure.

Let's delve into Ooltewah’s property tax situation. Ooltewah, located in Hamilton County, TN, has an effective property tax rate that aligns with the county's median rate. This rate is notably lower than the national median property tax rate of 1.02%. Such a comparison highlights the relative affordability of property taxes in Ooltewah compared to broader national standards. Understanding these local rates can be essential for homeowners and prospective buyers in making informed decisions about property investments and financial planning.

Property Tax Rates Across Ooltewah, Hamilton County, Tennessee

Source: Ownwell

0.56%

0.72%

0.88%

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 Ooltewah Tax Rate

0.56%

Median Effective Hamilton County Tax Rate

0.56%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ooltewah, Hamilton County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37363	0.56%	0.56%	0.56%	0.56%	0.91%

Source: Ownwell

Property Tax Assessment Values Across Ooltewah, Hamilton County, Tennessee

When examining property taxes in Ooltewah, 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. Hamilton County 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. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Hamilton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of 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 Ooltewah.

For example, the median home price in Ooltewah is $276,300, with tax bills ranging significantly across the county. 37363 has the highest median home price at $276,300.

Property Tax Assessment Values Across Ooltewah, Hamilton County, Tennessee

Source: Ownwell

$44,900

$299,425

$553,950

Median Ooltewah Market Value

$276,300

Median Hamilton County Market Value

$194,600

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ooltewah, Hamilton County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37363	$149,610	$205,825	$276,300	$359,100	$476,200

Source: Ownwell

Property Tax Bills Across Ooltewah, Hamilton County, Tennessee

In Ooltewah, Hamilton 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 of the property. Factors such as location, property type, and improvements can influence this value. With a median home price of $276,300, homeowners in Ooltewah face property tax bills that can vary significantly. The 25th percentile tax bill is around $1,231, while the 75th percentile reaches up to $2,193. Comparatively, the national median property tax bill stands at $2,400, indicating that Ooltewah's rates can be more favorable for some homeowners. However, for those in the higher percentiles, the tax burden can be substantial. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially lowering their tax bills. By identifying discrepancies and leveraging local tax codes, Ownwell can save homeowners money and reduce their financial stress.

Property Tax Bills Across Ooltewah, Hamilton County, Tennessee

Source: Ownwell

$251

$1,690

$3,129

Median Ooltewah Tax Bill

$1,658

Median Hamilton County Tax Bill

$1,209

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Ooltewah, Hamilton County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37363	$899	$1,231	$1,658	$2,193	$2,920

Source: Ownwell