Kingsport, Tennessee Property Taxes
The median property tax rate in Kingsport, TN is 1.10%, which is higher than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $119,000 in Kingsport, the typical annual property tax bill amounts to $928, falling below the national median of $2,690. Property taxes in Kingsport are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Kingsport'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 Kingsport 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
Kingsport, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,309
Ownwell’s Kingsport Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kingsport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingsport 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 Sullivan County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kingsport, Tennessee
Property taxes in Kingsport, Tennessee, are crucial for funding essential local services such as public education, road maintenance, and emergency services. The median tax rate in Kingsport is 1.10%, which is significantly higher than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Kingsport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingsport 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 Kingsport's effective property tax rate to other areas in Sullivan County and the national median. For comparison, the 37665 zip code has the highest median property tax rate of 1.10%, while the 37663 zip code has the lowest median tax rate of 0.60%. Understanding how these areas compare with Kingsport 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 Kingsport Tax Rate
1.10%
Average Sullivan County Tax Rate
0.60%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingsport, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37660 | 0.60% | 0.60% | 0.60% | 1.10% | 1.10% |
| 37663 | 0.60% | 0.60% | 0.60% | 1.10% | 1.10% |
| 37664 | 0.50% | 0.60% | 1.10% | 1.10% | 1.10% |
| 37665 | 0.50% | 1.10% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Kingsport, Tennessee
In Kingsport, 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 Kingsport, 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. The highest median tax bill in Kingsport is $1,086 in zip code 37663, while the lowest is $740 in zip code 37665. Being aware of these valuation processes in Kingsport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kingsport Assessed Value
$119,000
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 Kingsport, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37660 | $35,900 | $67,200 | $103,400 | $154,700 | $229,900 |
| 37663 | $80,100 | $118,875 | $155,100 | $211,525 | $294,410 |
| 37664 | $51,800 | $80,700 | $132,100 | $200,700 | $297,800 |
| 37665 | $34,330 | $54,775 | $77,550 | $104,400 | $136,410 |
Source: Ownwell
Property Tax Bills Across Kingsport, Tennessee
In Kingsport, located in Sullivan County, TN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the home's market value, which is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Kingsport, the median home price is $119,000. Property tax bills can vary significantly, with the 25th percentile paying around $574 and the 75th percentile paying about $1,563. For those at the 90th percentile, the tax bill can reach up to $2,499. The highest median tax bill in the area is $1,086 in the 37663 zip code, while the lowest median tax bill is $740 in the 37665 zip code. These property taxes fund essential public services such as schools, emergency services, and infrastructure, impacting the quality of life for homeowners. Comparing to the national median property tax rate of 0.99%, Kingsport’s rates are relatively moderate, making it an appealing place for homeowners.
Average Kingsport Tax Bill
$928
Average Sullivan County Tax Bill
$872
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingsport, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37660 | $222 | $473 | $802 | $1,380 | $2,259 |
| 37663 | $491 | $744 | $1,086 | $1,806 | $2,581 |
| 37664 | $386 | $691 | $1,056 | $1,773 | $2,899 |
| 37665 | $261 | $475 | $740 | $1,058 | $1,429 |
Source: Ownwell