Oak Ridge, Anderson County, Tennessee Property Taxes

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

Median OAK RIDGE, TN effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median OAK RIDGE, TN home value: $134,400
Median annual OAK RIDGE, TN tax bill: $1,540, $860 lower than the national median property tax bill of $2,400.

How are property taxes in Anderson calculated?

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

Last Updated March 1, 2025

Oak Ridge, Anderson County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.61%

Estimate Property Tax Bill

$832

$772

Ownwell’s OAK RIDGE Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in OAK RIDGE with just two data points. By entering your property's estimated assessed value, our calculator applies OAK RIDGE’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 Anderson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Oak Ridge, Anderson County, Tennessee

Local government entities are responsible for setting property tax rates, leading to significant variations within a state. This is because each county annually estimates its budget needs to provide essential services and divides that by the total value of all taxable property in its area, resulting in the property tax rate. While the process involves votes and legal frameworks, this is essentially how it's done each year. In Oak Ridge, located in Anderson County, the effective property tax rate stands at 1.19%. This rate is slightly higher than the national median of 1.02%, reflecting local budgetary needs and property values. When comparing Oak Ridge's rate with other cities in Tennessee, it aligns with the state's median, illustrating the consistency across the region. However, the property tax burden can vary greatly from one area to another, influenced by the local government's fiscal requirements and the assessed value of properties. Understanding these dynamics is crucial for property owners aiming to manage their tax liabilities effectively.

Property Tax Rates Across Oak Ridge, Anderson County, Tennessee

Source: Ownwell

0.61%

0.64%

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 Oak Ridge Tax Rate

0.61%

Median Effective Anderson County Tax Rate

0.66%

Median Effective Tennessee Tax Rate

0.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Oak Ridge, Anderson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37830	0.61%	0.61%	0.61%	0.61%	0.61%

Source: Ownwell

Property Tax Assessment Values Across Oak Ridge, Anderson County, Tennessee

When examining property taxes in Oak Ridge, TN, 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.

In Anderson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Oak Ridge.

For example, the median home price in Oak Ridge is $134,400, with tax bills ranging significantly across the county. Zip code 37830 has the highest median home price at $134,400.

Property Tax Assessment Values Across Oak Ridge, Anderson County, Tennessee

Source: Ownwell

$44,900

$123,250

$201,600

Median Oak Ridge Market Value

$136,400

Median Anderson County Market Value

$130,600

Median Tennessee Market Value

$213,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Oak Ridge, Anderson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37830	$77,400	$98,300	$136,400	$212,000	$302,400

Source: Ownwell

Property Tax Bills Across Oak Ridge, Anderson County, Tennessee

In Oak Ridge, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price is $134,400, with a median tax bill of $1,540, which is lower than the national median of $2,400. Tax bills can range significantly, with the 25th percentile at $1,138 and the 90th percentile reaching up to $3,475. These variations depend on factors such as property location, improvements, and local tax rates. Homeowners in Oak Ridge, located in Anderson County, may find their property taxes to be a significant financial consideration, especially if their tax bill is on the higher end of the spectrum.

Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing property assessments and market conditions, Ownwell helps ensure homeowners are not overpaying on their property taxes. This service can provide peace of mind and financial relief, particularly for those facing higher tax bills.

Property Tax Bills Across Oak Ridge, Anderson County, Tennessee

Source: Ownwell

$294

$808

$1,321

Median Oak Ridge Tax Bill

$845

Median Anderson County Tax Bill

$762

Median Tennessee Tax Bill

$1,126

Median United States Tax Bill

$2,400

Property Tax Bills Across Oak Ridge, Anderson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37830	$478	$605	$845	$1,297	$1,858

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	May 31

Links
Anderson Tax Assessor
Website	www.acassessor.com