Lynchburg, Anderson County, Tennessee Property Taxes
Median Lynchburg, TN effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%. Median Lynchburg, TN home value: $9,400. Median annual Lynchburg, TN tax bill: $62, $2,338 lower than the national median property tax bill of $2,400.
How are property taxes in Anderson County calculated?
Property taxes in Lynchburg, 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 Lynchburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lynchburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lynchburg, Anderson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$62
$58
Property Tax Rates Across Lynchburg, Anderson County, Tennessee
Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Lynchburg, located in Moore County, Tennessee, the effective property tax rate is notably lower than the national median. This can be appealing to property owners who are looking for more affordable tax options. Compared to the national median property tax rate of 1.02%, Tennessee's median property tax rate is significantly lower, highlighting Lynchburg as an attractive location for those concerned about property taxes.
For residents, this means potentially lower annual property tax bills compared to other areas in the country. When considering relocation or property investment in Tennessee, Lynchburg's favorable tax rate is an important factor to consider.
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 Lynchburg Tax Rate
0.66%
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 Anderson County Tax Rate
0.87%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lynchburg, Anderson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37352 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lynchburg, Anderson County, Tennessee
When examining property taxes in Lynchburg, 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 Anderson 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.
Assessment notices: In Anderson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Lynchburg. For example, the median home price in Lynchburg is $9,400, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Lynchburg, Anderson County, Tennessee
Source: Ownwell
$44,500
$116,750
$189,000
Median Lynchburg Market Value
$9,400
Median Anderson County Market Value
$128,500
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lynchburg, Anderson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37352 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lynchburg, Anderson County, Tennessee
In Lynchburg, located in Anderson County, TN, property tax bills are determined by applying the local tax rate to the assessed value of the home. The assessed value is calculated based on a percentage of the market value, which is established by the county assessor. In Lynchburg, the median property tax bill is significantly lower than the national median, reflecting the region's relatively modest home values and tax rates. With a median home price of $9,400, homeowners in Lynchburg face a median tax bill of just $62, which is considerably below the national median property tax bill of $2,400.
Despite these lower tax bills, homeowners can still benefit from ensuring their property is not over-assessed. Ownwell provides expert property tax appeal services, helping homeowners contest inaccurate assessments and potentially lower their tax obligations. By leveraging detailed property data and local market insights, Ownwell can assist homeowners in Lynchburg in achieving fair property tax assessments, ensuring they only pay their fair share.
Median Lynchburg Tax Bill
$62
Median Anderson County Tax Bill
$1,127
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Lynchburg, Anderson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37352 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell