Elizabethton, Washington County, Tennessee Property Taxes

Name: Property Tax Bills Across Elizabethton, Washington County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Elizabethton, TN effective property tax rate: 0.54%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Elizabethton, TN home value: $102,800
Median annual Elizabethton, TN tax bill: $553, $1,847 lower than the national median property tax bill of $2,400.

How are property taxes in Washington County calculated?

Property taxes in Elizabethton, TN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Elizabethton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elizabethton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Elizabethton, Washington County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.54%

Estimate Property Tax Bill

$555

$515

Ownwell’s Elizabethton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elizabethton with just two data points. By entering your property's estimated assessed value, our calculator applies Elizabethton’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Carter County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Elizabethton, Washington County, Tennessee

Local government entities establish tax rates, which can vary significantly within Tennessee. Each year, counties estimate their required budgets for essential services and divide this by the total assessed value of all taxable properties within their jurisdiction, resulting in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is essentially the annual process.

In Elizabethton, located in Carter County, the effective property tax rate is a key point of comparison against other cities in Tennessee and the broader U.S. The median property tax rate for Tennessee is 0.54%, which is notably lower than the national median of 1.02%. This difference highlights the relatively lower property tax burden faced by Tennessee residents compared to the national average. Elizabethton's property tax rate reflects this trend, offering residents a more favorable tax environment. This makes it an attractive location for property owners who are looking to reduce their annual tax expenses. Understanding these rates can be crucial for homeowners and potential buyers when considering the financial implications of property ownership in this region.

Property Tax Rates Across Elizabethton, Washington County, Tennessee

Source: Ownwell

0.54%

0.75%

0.97%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Elizabethton Tax Rate

0.54%

Median Effective Washington County Tax Rate

0.54%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elizabethton, Washington County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37643	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Elizabethton, Washington County, Tennessee

When examining property taxes in Elizabethton, Tennessee, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Washington County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Washington County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Elizabethton. For example, the median home price in Elizabethton is $102,800, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Elizabethton, Washington County, Tennessee

Source: Ownwell

$6,900

$265,150

$523,400

Median Elizabethton Market Value

$102,800

Median Washington County Market Value

$131,500

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elizabethton, Washington County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37643	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Elizabethton, Washington County, Tennessee

In Elizabethton, Washington County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. The property tax rate in this area is relatively low compared to the national median property tax rate of 1.02%. Homeowners in Elizabethton typically see tax bills around $553, which is significantly below the national median property tax bill of $2,400. This lower tax burden can make homeownership more affordable, but it also means that any errors in assessment can disproportionately affect the homeowner's finances. Ownwell helps homeowners by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it to similar properties, Ownwell can identify discrepancies and work to lower your tax bill. This service ensures that you are not overpaying and can lead to substantial savings over time.

Property Tax Bills Across Elizabethton, Washington County, Tennessee

Source: Ownwell

$32

$2,458

$4,884

Median Elizabethton Tax Bill

$553

Median Washington County Tax Bill

$882

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Elizabethton, Washington County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37643	N/A	N/A	N/A	N/A	N/A

Source: Ownwell