Kingston, Tennessee Property Taxes
The median property tax rate in Kingston, TN is 0.60%, notably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Kingston at $157,800, the typical annual property tax bill comes to $1,156, which is significantly less than the national median of $2,690. Property taxes in Kingston are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Kingston's property tax system and exploring available exemptions can lead to substantial annual savings. Whether you're in the heart of Kingston or another part of Roane County, grasping the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Kingston, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Kingston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingston to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kingston, Tennessee
Property taxes in Kingston, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingston is 0.60%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Kingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingston 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 Kingston's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37763 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Kingston provides valuable insights into the varying tax landscape across Roane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingston Tax Rate
0.60%
Average Roane County Tax Rate
0.60%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingston, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37763 | 0.60% | 0.60% | 0.60% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Kingston, Tennessee
In Kingston, 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 Roane 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 Kingston, 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 Kingston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 37763 has the highest median tax bill at $1156, which is also the lowest median tax bill in the area.
Average Kingston Assessed Value
$157,800
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 Kingston, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37763 | $51,700 | $103,850 | $157,800 | $254,600 | $405,700 |
Source: Ownwell
Property Tax Bills Across Kingston, Tennessee
In Kingston, located in Roane County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's location, size, and condition, as well as comparable property sales in the area. Homeowners in Kingston face varying property tax bills, with the 25th percentile paying around $730, while those in the 75th percentile pay approximately $1,808. The 90th percentile sees tax bills as high as $2,846. These figures highlight the range of property tax burdens within the community, influenced by property values and local tax rates. Compared to the national median property tax rate of 0.99%, Kingston's tax bills reflect the specific economic and housing conditions of the area. Understanding these factors can help homeowners anticipate their property tax obligations and budget accordingly.
Average Kingston Tax Bill
$1,156
Average Roane County Tax Bill
$896
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingston, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37763 | $340 | $730 | $1,156 | $1,808 | $2,846 |
Source: Ownwell