Blountville, Tennessee Property Taxes
The median property tax rate in Blountville, TN is 0.60%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Blountville, the typical annual property tax bill reaches $803, significantly less than the national median of $2,690. Property taxes in Blountville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blountville'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 Blountville 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
Blountville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$802
$744
Ownwell’s Blountville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blountville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blountville 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 Blountville, Tennessee
Property taxes in Blountville, Tennessee, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Blountville is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Blountville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blountville 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 Blountville's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37617 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Blountville provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blountville Tax Rate
0.60%
Average Sullivan County Tax Rate
0.60%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blountville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37617 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Blountville, Tennessee
In Blountville, 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 Sullivan 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 Blountville, 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. For instance, the median home price in Blountville is $133,700, with tax bills ranging from $455 at the 25th percentile to $2,015 at the 90th percentile. The highest and lowest median tax bills are both $803 in the 37617 zip code. 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 Blountville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blountville Assessed Value
$133,700
Average Sullivan County Assessed Value
$117,200
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blountville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37617 | $25,300 | $78,600 | $133,700 | $205,600 | $312,500 |
Source: Ownwell
Property Tax Bills Across Blountville, Tennessee
In Blountville, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The Sullivan County Assessor's Office determines this assessed value, and local tax rates are then applied to calculate the final tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For homeowners, these taxes fund essential public services such as schools, infrastructure, and emergency services. In Blountville, the median home price stands at $133,700. Property tax bills vary significantly, with the 25th percentile at $455 and the 75th percentile at $1275. The 90th percentile reaches up to $2015. Comparatively, Blountville's property tax rates are relatively low, especially when you consider the national median property tax rate of 0.99%. This means that homeowners in Blountville often enjoy lower tax burdens, making it an attractive location for property investment and homeownership.
Average Blountville Tax Bill
$803
Average Sullivan County Tax Bill
$872
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Blountville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37617 | $131 | $455 | $803 | $1,275 | $2,015 |
Source: Ownwell