What county has the lowest property taxes in Tennessee?
Those counties are Sullivan and Polk with property tax rates of 0.608% and 0.609%, respectively….Tennessee Counties with the Lowest County Property Tax Rates.
| County | Sevier |
|---|---|
| Property Tax Rate (%) | 0.399 |
| County Seat | Sevierville |
| Wiki Link | Link |
| County Web Site | Link |
What county in TN has the highest property taxes?
Williamson County
Williamson County already collects the highest property tax in Tennessee according to tax-rates.org. The median property tax in Tennessee is $933 per year, while Williamson County averages $1,879 annually. Although, their tax rate, 0.56% of median home value does fall below the state average of 0.68%.
How is property tax calculated in Tennessee?
To calculate the tax on your property, multiply the Assessed Value by the Tax Rate. Assume you have a house with an APPRAISED VALUE of $100,000. The ASSESSED VALUE is $25,000 (25% of $100,000), and the TAX RATE has been set by your county commission at $3.20 per hundred of assessed value.
Is there a Tennessee state income tax?
What’s the Tennessee Income Tax Rate? There is no income tax on wages in this state, making it one of the states with the lowest taxes. Therefore, the Tennessee income tax rate is 0%. It does have, however, a flat 1 to 2% tax rate that applies to income earned from interest and dividends.
What is the property tax rate in Anderson County TN?
$2.46 per $100
Anderson County Property Tax Rate is $2.46 per $100 assessed.
What taxes do I pay in Tennessee?
Does TN have a personal property tax?
In Tennessee, personal property is assessed at 30% of its value for commercial and industrial property and 55% of its value for public utility property.
How much is property tax in TN?
The median property tax in Tennessee is $933.00 per year for a home worth the median value of $137,300.00. Counties in Tennessee collect an average of 0.68% of a property’s assesed fair market value as property tax per year.
What is the property tax rate in Monroe County TN?
The median property tax in Monroe County, Tennessee is $520 per year for a home worth the median value of $107,900. Monroe County collects, on average, 0.48% of a property’s assessed fair market value as property tax.
What is the property tax in Anderson County TN?
The median property tax in Anderson County, Tennessee is $966 per year for a home worth the median value of $116,400. Anderson County collects, on average, 0.83% of a property’s assessed fair market value as property tax.