Mcminn County, Tennessee Property Taxes
The median property tax rate in McMinn County is 0.48%, which is significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in McMinn County at $107,800, the typical annual property tax bill is $618, far below the national median of $2,690. Property taxes in McMinn County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding McMinn 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 Athens or another part of McMinn County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mcminn County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$517
$480
Ownwell’s McMinn County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in McMinn County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in McMinn 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 Mcminn County, Tennessee
Property taxes in McMinn County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in McMinn County is 0.48%, which is lower than the U.S. national median of 0.99%. Local government entities within McMinn County set these rates annually, and they can vary significantly between different areas within the county. Each year, McMinn 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 McMinn County's effective property tax rate with other counties and the national median. For comparison, the city of Athens has one of the higher property tax rates in Tennessee at 0.72%, while the city of Sweetwater boasts one of the lowest at 0.41%. Analyzing how McMinn County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mcminn County Tax Rate
0.48%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcminn County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Athens | 0.39% | 0.42% | 0.72% | 0.81% | 0.95% |
| Calhoun | 0.38% | 0.41% | 0.46% | 0.56% | 0.67% |
| Decatur | 0.38% | 0.40% | 0.43% | 0.50% | 0.59% |
| Delano | 0.37% | 0.39% | 0.42% | 0.50% | 0.57% |
| Englewood | 0.39% | 0.41% | 0.44% | 0.76% | 0.99% |
| Etowah | 0.40% | 0.43% | 0.59% | 0.98% | 1.18% |
| Madisonville | 0.37% | 0.40% | 0.43% | 0.51% | 0.60% |
| Niota | 0.36% | 0.39% | 0.43% | 0.63% | 0.99% |
| Philadelphia | 0.37% | 0.39% | 0.42% | 0.45% | 0.61% |
| Riceville | 0.37% | 0.40% | 0.42% | 0.46% | 0.55% |
| Sweetwater | 0.36% | 0.39% | 0.41% | 0.46% | 0.60% |
| Ten Mile | 0.25% | 0.33% | 0.38% | 0.41% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Mcminn County, Tennessee
In McMinn County, understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes. 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 McMinn County 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 McMinn County 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. In McMinn County, Athens has the highest median tax bill at $688, while Philadelphia has the lowest at $391. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Mcminn County, Tennessee
Source: Ownwell
$87,000
$114,925
$142,850
Average Mcminn County Assessed Value
$107,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcminn County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Athens | $47,200 | $73,650 | $113,200 | $168,700 | $240,600 |
| Calhoun | $44,400 | $66,600 | $95,600 | $166,000 | $239,600 |
| Decatur | $36,180 | $56,200 | $109,500 | $173,800 | $250,930 |
| Delano | $36,720 | $58,800 | $99,200 | $163,100 | $239,860 |
| Englewood | $29,080 | $57,500 | $99,650 | $165,700 | $233,570 |
| Etowah | $37,900 | $56,825 | $87,000 | $133,075 | $190,550 |
| Madisonville | $40,500 | $73,400 | $124,800 | $219,800 | $369,280 |
| Niota | $38,800 | $65,700 | $108,900 | $170,100 | $245,700 |
| Philadelphia | $9,000 | $24,425 | $94,150 | $152,175 | $179,100 |
| Riceville | $44,020 | $80,200 | $134,600 | $196,700 | $270,500 |
| Sweetwater | $36,120 | $64,950 | $101,400 | $154,250 | $229,560 |
| Ten Mile | $76,040 | $86,500 | $142,850 | $196,050 | $336,970 |
Source: Ownwell
Property Tax Bills Across Mcminn County, Tennessee
In McMinn County, TN, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in this county stands at $107,800. Homeowners can expect their tax bills to vary significantly depending on several factors, including the assessed value and the specific tax rates applied by local taxing authorities. For instance, the 25th percentile tax bill is around $411, while the 75th percentile tax bill reaches approximately $893. At the 90th percentile, homeowners might see a tax bill as high as $1,265. The city of Athens within McMinn County has the highest median tax bill at $688, contrasting sharply with Philadelphia, where the lowest median tax bill is $391. These variations can impact homeowners' financial planning, making it crucial to understand how local property tax rates compare to the national median property tax rate of 0.99%. Properly assessing these factors helps homeowners anticipate their annual financial obligations more accurately.
Average Mcminn County Tax Bill
$618
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcminn County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Athens | $273 | $477 | $688 | $1,006 | $1,455 |
| Calhoun | $192 | $344 | $496 | $728 | $1,046 |
| Decatur | $179 | $303 | $500 | $749 | $1,020 |
| Delano | $166 | $261 | $470 | $681 | $952 |
| Englewood | $162 | $379 | $564 | $772 | $1,041 |
| Etowah | $228 | $399 | $612 | $856 | $1,168 |
| Madisonville | $161 | $376 | $578 | $862 | $1,283 |
| Niota | $197 | $368 | $560 | $816 | $1,154 |
| Philadelphia | $57 | $102 | $391 | $585 | $708 |
| Riceville | $203 | $373 | $581 | $832 | $1,107 |
| Sweetwater | $174 | $295 | $447 | $669 | $942 |
| Ten Mile | $315 | $365 | $437 | $672 | $1,247 |
Source: Ownwell