Blue Ridge, Tennessee Property Taxes
The median property tax rate in Blue Ridge, TN is 0.63%, slightly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Blue Ridge at $32,900, the typical annual property tax bill is $207, significantly below the national median of $2,690. Property taxes in Blue Ridge are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blue Ridge's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Blue Ridge or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blue Ridge, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$207
$192
Ownwell’s Blue Ridge Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential buyer looking to estimate their annual property taxes in Blue Ridge. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Blue Ridge to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities with ease. For those interested in more detailed insights, you can scroll down to find localized information on neighborhood trends. Your property’s assessed value is determined by Polk County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Blue Ridge, Tennessee
Property taxes in Blue Ridge, Tennessee, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Ridge is 0.63%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Blue Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Ridge estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Blue Ridge's effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 30513 has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these figures compare with Blue Ridge provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Ridge Tax Rate
0.63%
Average Polk County Tax Rate
0.63%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Ridge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30513 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Blue Ridge, Tennessee
In Blue Ridge, Tennessee, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Polk County Appraisal District for tax purposes. In contrast, the assessed value 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. In Blue Ridge, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Blue Ridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Blue Ridge is $32,900, with median tax bills ranging from $152 at the 25th percentile to $236 at the 90th percentile. The zip code 30513 has the highest and lowest median tax bill at $207.
Average Blue Ridge Assessed Value
$32,900
Average Polk County Assessed Value
$48,850
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Ridge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30513 | $18,900 | $24,150 | $32,900 | $35,800 | $37,540 |
Source: Ownwell
Property Tax Bills Across Blue Ridge, Tennessee
In Blue Ridge, located in Polk County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, the median home price in Blue Ridge is $32,900. The assessed value is then multiplied by the local tax rate to determine the tax bill. Various factors, including property size, location, and improvements, influence this assessed value. Homeowners in Blue Ridge typically see a range of property tax bills. For example, the 25th percentile tax bill is $152, while the 75th percentile tax bill is $225. The 90th percentile tax bill reaches up to $236. These figures highlight the variability in tax bills depending on the property's assessed value and other factors. Comparatively, the property tax rate in Blue Ridge is relatively low, with the highest median tax bill recorded at $207 in the 30513 zip code. This rate is below the national median property tax rate of 0.99%, making Blue Ridge an affordable area for homeowners regarding property taxes.
Average Blue Ridge Tax Bill
$207
Average Polk County Tax Bill
$310
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Ridge, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30513 | $119 | $152 | $207 | $225 | $236 |
Source: Ownwell