Knox County, Tennessee Property Taxes
Median Knox County effective property tax rate: 0.39%, significantly lower than the national median of 1.02%.
Median Knox County home value: $222,300
Median annual Knox County tax bill: $1,143, $1,257 lower than the national median property tax bill of $2,400.
How are property taxes in Knox County calculated?
Property taxes in Knox County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Knoxville or another part of Knox County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Knox County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.39%
Estimate Property Tax Bill
$867
$805
Property Tax Rates Across Knox County, Tennessee
Local government entities determine property tax rates, which can vary significantly within a state. This variation is largely because each county annually calculates its budgetary needs to provide essential services and then divides this by the total value of all taxable properties within its jurisdiction. This process results in the property tax rate. While this involves votes and legislative measures, this is essentially how the annual process works.
In Knox County, Tennessee, the effective property tax rate is 0.39%, which is considerably lower than the national median property tax rate of 1.02%. This lower rate can translate to significant savings for property owners in Knox County compared to the national average. With the national median property tax bill at $2400, Knox County residents might find themselves paying less than half of this amount annually, depending on their property's assessed value. Comparing Knox County's rate to other counties in Tennessee or even to the U.S. median provides valuable insights into the relative affordability of property taxes in the region.
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 Knox County Tax Rate
0.39%
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 Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Knox County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blaine | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Corryton | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Farragut | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Heiskell | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Kimberlin Heights | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Knoxville | 0.39% | 0.39% | 0.39% | 0.93% | 0.93% |
| Kodak | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Lenoir City | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Luttrell | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Mascot | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Maynardville | 0.37% | 0.39% | 0.39% | 0.39% | 0.39% |
| Oak Ridge | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Powell | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Rockford | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Strawberry Plains | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| Maryville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Knox County, Tennessee
When examining property taxes in Knox County, 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 Knox County Assessor of Property 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 Knox 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 Knox County.
For example, the median tax bill in Knox County is $1,831, with tax bills ranging significantly across the county. Farragut has the highest median home price at $473,700.
Median Knox County Market Value
$222,300
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Knox County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blaine | $46,600 | $98,800 | $180,200 | $256,100 | $372,440 |
| Corryton | $79,900 | $144,400 | $194,100 | $253,300 | $362,750 |
| Farragut | $248,100 | $355,000 | $473,700 | $612,000 | $760,400 |
| Heiskell | $37,740 | $80,400 | $179,800 | $266,450 | $384,500 |
| Kimberlin Heights | $65,110 | $122,125 | $174,100 | $255,075 | $362,410 |
| Knoxville | $95,800 | $147,200 | $216,800 | $322,200 | $479,100 |
| Kodak | $38,570 | $72,975 | $162,200 | $448,850 | $617,990 |
| Lenoir City | $302,360 | $308,000 | $316,600 | $332,500 | $346,340 |
| Luttrell | $40,900 | $92,300 | $169,600 | $265,000 | $362,200 |
| Mascot | $46,500 | $78,300 | $138,950 | $211,400 | $304,750 |
| Maynardville | $62,710 | $92,925 | $142,000 | $196,100 | $271,240 |
| Oak Ridge | $130,260 | $150,700 | $188,200 | $269,000 | $385,200 |
| Powell | $119,340 | $169,500 | $220,450 | $272,175 | $359,350 |
| Rockford | $119,620 | $214,675 | $311,200 | $448,250 | $631,550 |
| Strawberry Plains | $53,560 | $95,700 | $176,750 | $278,625 | $411,090 |
| Maryville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Knox County, Tennessee
Median Knox County Tax Bill
$1,143
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Knox County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blaine | $156 | $316 | $670 | $981 | $1,278 |
| Corryton | $303 | $556 | $753 | $984 | $1,387 |
| Farragut | $940 | $1,356 | $1,831 | $2,366 | $2,956 |
| Heiskell | $147 | $307 | $696 | $1,016 | $1,452 |
| Kimberlin Heights | $243 | $450 | $666 | $964 | $1,331 |
| Knoxville | $549 | $809 | $1,174 | $1,690 | $2,541 |
| Kodak | $143 | $258 | $611 | $1,687 | $2,299 |
| Lenoir City | $1,180 | $1,200 | $1,232 | $1,294 | $1,347 |
| Luttrell | $214 | $377 | $662 | $1,034 | $1,412 |
| Mascot | $182 | $304 | $543 | $819 | $1,169 |
| Maynardville | $276 | $373 | $642 | $858 | $1,158 |
| Oak Ridge | $519 | $594 | $734 | $1,045 | $1,363 |
| Powell | $448 | $659 | $859 | $1,064 | $1,404 |
| Rockford | $192 | $827 | $1,239 | $1,910 | $2,712 |
| Strawberry Plains | $214 | $364 | $685 | $1,082 | $1,598 |
| Maryville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell