Greeneville, Tennessee Property Taxes
The median property tax rate in Greeneville, TN is 0.54%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With a median home value of $17,700 in Greeneville, the typical annual property tax bill amounts to just $95, well below the national median of $2,690. Property taxes in Greeneville are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Greeneville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Greeneville or another part of the city, gaining insight into the local property tax system is advantageous.
Last Updated June 14, 2024
Greeneville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$96
$89
Ownwell’s Greeneville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Greeneville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Greeneville to project your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Greeneville, Tennessee
Property taxes in Greeneville, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greeneville is 0.54%, which is significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Greeneville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greeneville 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 Greeneville's effective property tax rate to other areas in Tennessee and the national median. For comparison, the 37743 zip code has the highest median property tax rate of 0.54%, while the 37745 zip code has the lowest median tax rate of 0.54%. Understanding how these areas compare with Greeneville provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greeneville Tax Rate
0.54%
Average Washington County Tax Rate
0.54%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greeneville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37743 | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
| 37745 | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Greeneville, Tennessee
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Greeneville, Tennessee. 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 county 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 Greeneville, 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. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Greeneville is $171 in the 37745 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.
Average Greeneville Assessed Value
$17,700
Average Washington County Assessed Value
$131,500
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greeneville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37743 | $14,460 | $15,000 | $15,900 | $16,800 | $17,340 |
| 37745 | $31,900 | $31,900 | $31,900 | $31,900 | $31,900 |
Source: Ownwell
Property Tax Bills Across Greeneville, Tennessee
In Greeneville, 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 annual property tax bill. Factors such as home improvements, neighborhood developments, and market fluctuations can influence the assessed value. For instance, Greeneville's median home price is $17,700, which is significantly lower than the national median. Consequently, property tax bills also reflect this lower valuation. Homeowners in Greeneville experience a range of property tax bills. The 25th percentile tax bill is $86, while the 75th percentile reaches $133, and the 90th percentile is $156. The highest median tax bill in the area is $171, found in the 37745 zip code. These figures indicate that while property taxes in Greeneville are generally low, they can still vary significantly based on specific property values and local assessment practices. This variation can impact homeowners' financial planning and budgeting.
Average Greeneville Tax Bill
$95
Average Washington County Tax Bill
$882
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Greeneville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37743 | $78 | $81 | $86 | $90 | $93 |
| 37745 | $171 | $171 | $171 | $171 | $171 |
Source: Ownwell