Polk County, Tennessee Property Taxes

Ownwell’s Polk Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Polk with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Polk 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 Assessment Values Across Polk County, Tennessee

In Polk County, understanding the difference between "market value" and "assessed value" is key to 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 Polk 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 Polk 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. For instance, the median home price in Polk County is $48,850, with annual tax bills ranging from $136 at the 25th percentile to $1,095 at the 90th percentile. Being aware of these valuation processes in Polk County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.

Property Tax Assessment Values Across Polk County, Tennessee

Source: Ownwell

$7,200

$36,200

$65,200

Average Polk County Assessed Value

$48,850

Average Tennessee Assessed Value

$173,500

Average United States Assessed Value

$244,900