Knoxville, Knox County, Tennessee Property Taxes

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

Median Knoxville, TN effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Knoxville, TN home value: $216,800
Median annual Knoxville, TN tax bill: $1,174, $1,226 lower than the national median property tax bill of $2,400.

How are property taxes in Knox County calculated?

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

Last Updated March 1, 2025

Knoxville, Knox County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.39%

Estimate Property Tax Bill

$846

$785

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

Property Tax Rates Across Knoxville, Knox County, Tennessee

Local government entities determine tax rates, and these can differ significantly within a state. Each year, counties like Knox estimate the budget needed to provide essential services and then divide this by the total assessed value of all taxable property within their jurisdiction. This calculation yields the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual process.

In Knoxville, located in Knox County, the effective property tax rate is 0.39%, which is notably lower than both the state and national medians. Within Knox County, the highest median tax rate can be found in the 37902 zip code at 1.01%, while the lowest is in the 37919 zip code at 0.93%. These rates offer a glimpse into the range of property taxes across different areas within the county. Knoxville's rate stands out when compared to the national median property tax rate of 1.02% and the median property tax bill of $2400. This makes Knoxville an appealing option for property owners looking for lower property tax rates.

Property Tax Rates Across Knoxville, Knox County, Tennessee

Source: Ownwell

0.39%

0.70%

1.01%

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 Knoxville Tax Rate

0.39%

Median Effective Knox County Tax Rate

0.39%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Knoxville, Knox County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37902	0.62%	0.62%	1.01%	1.01%	1.01%
37909	0.54%	0.93%	0.93%	0.93%	0.93%
37912	0.54%	0.86%	0.93%	0.93%	0.93%
37914	0.39%	0.39%	0.93%	0.93%	0.93%
37915	0.54%	0.93%	0.93%	0.93%	0.93%
37916	0.54%	0.86%	0.93%	1.48%	1.48%
37917	0.54%	0.93%	0.93%	0.93%	0.93%
37918	0.39%	0.39%	0.39%	0.93%	0.93%
37919	0.39%	0.39%	0.93%	0.93%	0.93%
37920	0.39%	0.39%	0.39%	0.93%	0.93%
37921	0.39%	0.54%	0.93%	0.93%	0.93%
37922	0.39%	0.39%	0.39%	0.39%	0.39%
37923	0.39%	0.39%	0.39%	0.39%	0.62%
37924	0.39%	0.39%	0.39%	0.39%	0.39%
37931	0.39%	0.39%	0.39%	0.39%	0.39%
37932	0.39%	0.39%	0.39%	0.39%	0.39%
37934	0.39%	0.39%	0.39%	0.39%	0.39%
37938	0.39%	0.39%	0.39%	0.39%	0.39%
37996	N/A	N/A	N/A	N/A	N/A
37998	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Knoxville, Knox County, Tennessee

When examining property taxes in Knoxville, 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 Knox County appraisal district 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 Knoxville.

For example, the median home price in Knoxville is $216,800, with tax bills ranging significantly across the county. Zip code 37922 has the highest median home price at $420,100.

Property Tax Assessment Values Across Knoxville, Knox County, Tennessee

Source: Ownwell

$93,700

$283,700

$473,700

Median Knoxville Market Value

$216,800

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 Knoxville, Knox County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37902	$205,800	$270,200	$370,000	$479,000	$680,800
37909	$127,400	$175,400	$224,100	$296,100	$409,900
37912	$107,100	$132,200	$158,500	$197,500	$251,100
37914	$64,100	$91,000	$142,400	$207,000	$299,940
37915	$56,700	$70,700	$93,700	$130,800	$206,980
37916	$73,200	$94,400	$226,500	$338,700	$520,220
37917	$81,200	$103,075	$134,800	$181,400	$247,930
37918	$116,000	$156,400	$201,850	$273,000	$359,490
37919	$123,520	$201,200	$336,800	$574,500	$923,720
37920	$78,420	$120,300	$171,900	$243,200	$349,490
37921	$66,500	$108,600	$159,800	$199,800	$249,820
37922	$245,200	$304,900	$420,100	$612,400	$895,220
37923	$151,100	$196,000	$254,900	$316,450	$394,000
37924	$72,520	$134,100	$195,100	$258,400	$315,780
37931	$146,500	$202,900	$268,700	$331,500	$405,900
37932	$164,720	$245,500	$337,700	$429,800	$574,260
37934	$190,900	$212,850	$262,100	$330,700	$407,400
37938	$124,240	$182,200	$238,100	$324,100	$410,780
37996	N/A	N/A	N/A	N/A	N/A
37998	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Knoxville, Knox County, Tennessee

In Knoxville, located in Knox County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Knoxville face a median property tax bill of approximately $1,690, which is below the national median of $2,400. However, these bills can vary significantly, with the 25th percentile at $809 and the 90th percentile reaching up to $2,541. Factors influencing the tax bill include the property's location, size, and improvements. For instance, the highest median tax bill in the area is $3,290 in the 37902 zip code, while the lowest is $778 in the 37924 zip code. These variations can significantly impact homeowners' finances. Ownwell offers property tax appeal and exemption services to help homeowners reduce their tax burden. By analyzing property assessments and identifying potential savings, Ownwell ensures homeowners pay only their fair share, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Knoxville, Knox County, Tennessee

Source: Ownwell

$543

$1,917

$3,290

Median Knoxville Tax Bill

$1,174

Median Knox County Tax Bill

$1,143

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Knoxville, Knox County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37902	$1,752	$2,232	$3,290	$4,453	$6,487
37909	$1,000	$1,391	$1,954	$2,581	$3,650
37912	$735	$985	$1,325	$1,695	$2,206
37914	$366	$618	$982	$1,516	$2,153
37915	$445	$577	$811	$1,181	$1,934
37916	$460	$678	$2,057	$4,217	$6,388
37917	$592	$843	$1,165	$1,626	$2,308
37918	$548	$742	$1,088	$1,570	$2,168
37919	$747	$1,169	$2,067	$4,015	$6,866
37920	$387	$668	$990	$1,413	$2,004
37921	$506	$769	$1,219	$1,647	$2,050
37922	$942	$1,179	$1,638	$2,418	$3,741
37923	$630	$828	$1,048	$1,333	$1,713
37924	$287	$531	$778	$1,035	$1,357
37931	$575	$802	$1,055	$1,297	$1,583
37932	$665	$986	$1,335	$1,680	$2,237
37934	$728	$826	$1,017	$1,286	$1,594
37938	$474	$705	$924	$1,267	$1,602
37996	N/A	N/A	N/A	N/A	N/A
37998	N/A	N/A	N/A	N/A	N/A

Source: Ownwell