Rhea County, Tennessee Property Taxes
The median property tax rate in Rhea County is 0.56%, 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 Rhea County, the typical annual property tax bill is $668, well below the national median of $2,690. Property taxes in Rhea County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Rhea 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 Dayton or another part of Rhea County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rhea County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$589
$547
Ownwell’s Rhea County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Rhea County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Rhea 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 Rhea County, Tennessee
Property taxes in Rhea County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Rhea County is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Rhea County set these rates annually, and they can vary significantly between different areas within the county. Each year, Rhea 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 Rhea County's effective property tax rate with other areas in Tennessee and the national median. For comparison, the city of Graysville has one of the higher property tax rates in Tennessee at 0.90%, while the city of Grandview boasts one of the lowest at 0.56%. Analyzing how Rhea County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Rhea County Tax Rate
0.56%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rhea County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dayton | 0.56% | 0.56% | 0.56% | 0.71% | 0.71% |
| Evensville | 0.56% | 0.56% | 0.56% | 0.56% | 0.57% |
| Grandview | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
| Graysville | 0.57% | 0.90% | 0.90% | 0.90% | 1.44% |
| Pikeville | N/A | N/A | N/A | N/A | N/A |
| Sale Creek | 0.56% | 0.56% | 0.56% | 0.90% | 0.91% |
| Spring City | 0.56% | 0.56% | 0.56% | 0.57% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Rhea County, Tennessee
In Rhea 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 Rhea 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 Rhea 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, in Rhea County, the highest median tax bill is in Pikeville at $1,396, while the lowest is in Sale Creek at $125. 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.
Average Rhea County Assessed Value
$105,200
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rhea County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dayton | $23,250 | $56,600 | $105,800 | $163,725 | $254,150 |
| Evensville | $13,900 | $40,000 | $93,700 | $156,600 | $214,800 |
| Grandview | $25,460 | $48,875 | $95,200 | $153,700 | $220,600 |
| Graysville | $7,100 | $13,350 | $33,850 | $68,075 | $94,660 |
| Pikeville | N/A | N/A | N/A | N/A | N/A |
| Sale Creek | $6,090 | $7,100 | $18,350 | $117,975 | $162,600 |
| Spring City | $26,200 | $62,000 | $120,300 | $225,500 | $372,100 |
Source: Ownwell
Property Tax Bills Across Rhea County, Tennessee
Property tax bills in Rhea County, TN are determined based on the assessed value of a property, which is a percentage of its market value. The assessment ratio in Tennessee is 25% for residential properties. For a median home price of $105,200 in Rhea County, the assessed value would be $26,300. This assessed value is then multiplied by the local tax rate to calculate the property tax bill. Several factors influence the tax bill, including the property's location and any applicable exemptions. For example, the tax bill in Rhea County ranges significantly, with the 25th percentile at $322 and the 75th percentile at $1060. High-value properties can see tax bills as high as $1727, while the lowest median tax bill in Sale Creek is just $125. Compared to the national median property tax rate of 0.99%, Rhea County offers relatively affordable property taxes, making it an attractive option for homeowners looking for lower tax burdens. However, the variability within the county means homeowners can experience different financial impacts based on their specific circumstances.
Average Rhea County Tax Bill
$668
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Rhea County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dayton | $136 | $342 | $674 | $1,008 | $1,543 |
| Evensville | $83 | $225 | $524 | $896 | $1,240 |
| Grandview | $141 | $270 | $534 | $862 | $1,226 |
| Graysville | $79 | $133 | $294 | $580 | $821 |
| Pikeville | N/A | N/A | N/A | N/A | N/A |
| Sale Creek | $52 | $62 | $125 | $665 | $917 |
| Spring City | $165 | $395 | $775 | $1,388 | $2,180 |
Source: Ownwell