Unicoi County, Tennessee Property Taxes
The median property tax rate in Unicoi County is 0.59%, 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 Unicoi County at $91,600, the typical annual property tax bill is $553, far below the national median of $2,690. Property taxes in Unicoi 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 Unicoi 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 Erwin or another part of Unicoi County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Unicoi County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$540
$502
Ownwell’s Unicoi County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Unicoi County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Unicoi 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 Unicoi County, Tennessee
Property taxes in Unicoi County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Unicoi County is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Unicoi County set these rates annually, and they can vary significantly between different areas within the county. Each year, Unicoi 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 Unicoi County's effective property tax rate with other regions in Tennessee and the national median. For comparison, the city of Elizabethton has one of the higher property tax rates in Tennessee at 0.59%, while the city of Johnson City boasts one of the lowest at 0.59%. Analyzing how Unicoi County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Unicoi County Tax Rate
0.59%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unicoi County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Elizabethton | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Erwin | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Flag Pond | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Hampton | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Johnson City | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Unicoi | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Unicoi County, Tennessee
In Unicoi 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 Unicoi 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 Unicoi 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 Unicoi County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, Johnson City has the highest median tax bill at $793, while Flag Pond has the lowest at $270.
Average Unicoi County Assessed Value
$91,600
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Unicoi County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Elizabethton | $52,460 | $98,600 | $122,800 | $178,050 | $197,980 |
| Erwin | $12,940 | $43,100 | $98,700 | $154,900 | $208,580 |
| Flag Pond | $7,950 | $17,900 | $41,850 | $86,425 | $161,850 |
| Hampton | $20,050 | $38,025 | $47,400 | $96,825 | $148,110 |
| Johnson City | $16,000 | $32,300 | $130,550 | $179,900 | $240,410 |
| Unicoi | $13,000 | $28,300 | $84,100 | $168,100 | $258,200 |
Source: Ownwell
Property Tax Bills Across Unicoi County, Tennessee
In Unicoi County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the final tax bill. Factors such as property location, size, and condition can influence the assessed value, thereby affecting the tax amount. For instance, the median home price in Unicoi County is $91,600. Homeowners in the 25th percentile of tax bills pay around $198, while those in the 75th percentile pay approximately $923. At the 90th percentile, the tax bill can reach up to $1,313. Comparatively, Johnson City has the highest median tax bill in the county at $793, whereas Flag Pond has the lowest at $270. These variations indicate how different factors and property values impact the overall tax burden on homeowners, making it crucial for them to understand how their property is assessed to anticipate their tax obligations.
Average Unicoi County Tax Bill
$553
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Unicoi County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Elizabethton | $261 | $566 | $700 | $1,073 | $1,212 |
| Erwin | $76 | $266 | $591 | $915 | $1,238 |
| Flag Pond | $48 | $102 | $270 | $538 | $983 |
| Hampton | $102 | $224 | $369 | $632 | $898 |
| Johnson City | $94 | $228 | $793 | $1,061 | $1,404 |
| Unicoi | $77 | $170 | $511 | $1,010 | $1,535 |
Source: Ownwell