Roane County, Tennessee Property Taxes
The median property tax rate in Roane County is 0.60%, which is lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Roane County at $132,200, the typical annual property tax bill is $896, significantly below the national median of $2,690. Property taxes in Roane County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Roane 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 Kingston or another part of Roane County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roane County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$793
$736
Ownwell’s Roane County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roane County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Roane 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 Roane County, Tennessee
Property taxes in Roane County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Roane County is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Roane County set these rates annually, and they can vary significantly between different areas within the county. Each year, Roane 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 Roane County's effective property tax rate with other areas and the national median. For comparison, the city of Rockwood has one of the higher property tax rates in the county at 0.60%, while the city of Oak Ridge boasts one of the lowest at 0.59%. Analyzing how Roane County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Roane County Tax Rate
0.60%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roane County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Harriman | 0.60% | 0.60% | 0.60% | 0.86% | 0.86% |
| Kingston | 0.60% | 0.60% | 0.60% | 0.91% | 0.91% |
| Lenoir City | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
| Loudon | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
| Oak Ridge | 0.58% | 0.58% | 0.59% | 0.59% | 0.59% |
| Oliver Springs | 0.60% | 0.60% | 0.60% | 0.60% | 0.87% |
| Philadelphia | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
| Rockwood | 0.60% | 0.60% | 0.60% | 0.81% | 0.81% |
| Sweetwater | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
| Ten Mile | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Roane County, Tennessee
In Roane 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 Roane 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 Roane 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. Being aware of these valuation processes in Roane County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Roane County, the highest median tax bill is found in Oak Ridge at $1,257, while Philadelphia has the lowest at $565. With the national median property tax rate at 0.99%, understanding these local nuances can significantly impact your financial planning and property tax strategies.
Average Roane County Assessed Value
$132,200
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roane County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Harriman | $31,890 | $57,300 | $100,750 | $160,600 | $252,410 |
| Kingston | $51,700 | $103,850 | $157,800 | $254,600 | $405,700 |
| Lenoir City | $46,940 | $90,000 | $160,800 | $252,900 | $363,720 |
| Loudon | $30,360 | $58,550 | $113,900 | $209,550 | $358,840 |
| Oak Ridge | $124,500 | $173,125 | $214,800 | $273,275 | $384,870 |
| Oliver Springs | $37,040 | $68,900 | $123,800 | $185,700 | $256,880 |
| Philadelphia | $25,360 | $51,950 | $94,550 | $165,975 | $260,390 |
| Rockwood | $34,580 | $58,800 | $101,400 | $170,700 | $346,160 |
| Sweetwater | $44,170 | $68,350 | $135,250 | $182,900 | $214,280 |
| Ten Mile | $40,120 | $87,100 | $170,700 | $309,300 | $490,740 |
Source: Ownwell
Property Tax Bills Across Roane County, Tennessee
In Roane County, TN, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Factors such as property size, location, and improvements can influence this assessed value. For homeowners in Roane County, the median home price is $132,200. Property tax bills can vary significantly, with the 25th percentile tax bill at $499 and the 75th percentile reaching $1,403. The 90th percentile tax bill can go as high as $2,244, indicating a wide range of tax obligations based on property values and assessments. In comparison to the national median property tax rate of 0.99%, Roane County's tax rates and bills can have a notable impact on homeowners. For example, Oak Ridge has the highest median tax bill at $1,257, while Philadelphia has the lowest at $565. These variations highlight the importance of understanding local property tax assessments and their financial implications.
Average Roane County Tax Bill
$896
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Roane County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Harriman | $212 | $413 | $696 | $1,077 | $1,606 |
| Kingston | $340 | $730 | $1,156 | $1,808 | $2,846 |
| Lenoir City | $281 | $540 | $965 | $1,518 | $2,183 |
| Loudon | $182 | $350 | $681 | $1,259 | $2,154 |
| Oak Ridge | $779 | $1,013 | $1,257 | $1,601 | $2,259 |
| Oliver Springs | $235 | $484 | $813 | $1,160 | $1,603 |
| Philadelphia | $149 | $308 | $565 | $1,001 | $1,569 |
| Rockwood | $241 | $425 | $694 | $1,154 | $2,201 |
| Sweetwater | $265 | $410 | $812 | $1,098 | $1,285 |
| Ten Mile | $240 | $522 | $1,024 | $1,873 | $2,946 |
Source: Ownwell