Powell, Anderson County, Tennessee Property Taxes

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

Median Powell, 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 Powell, TN home value: $123,500
Median annual Powell, TN tax bill: $825, $1,575 lower than the national median property tax bill of $2,400.

How are property taxes in Anderson calculated?

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

Last Updated March 1, 2025

Powell, Anderson County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.66%

Estimate Property Tax Bill

$815

$756

Ownwell’s Powell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Powell with just two data points.

By entering your property's estimated assessed value, our calculator applies Powell’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 Powell, Anderson County, Tennessee

Local government entities determine property tax rates, which can differ significantly within Tennessee. This variation occurs because each county annually calculates its budgetary needs for essential services and then divides this amount by the total value of all taxable properties within its borders. The outcome of this calculation is the property tax rate. Although the process involves votes and legislation, this is the essence of how it functions each year.

Residents of Powell in Anderson County experience a property tax rate that aligns with the median in Tennessee, yet it remains significantly lower than the national median of 1.02%. This comparison highlights the relative affordability of property taxes in Powell compared to many other regions across the country. Understanding these dynamics is crucial for property owners, as it allows them to anticipate their tax liabilities and manage their finances effectively. By staying informed, residents can better navigate the complexities of property taxation and make informed decisions about their properties.

Property Tax Rates Across Powell, Anderson County, Tennessee

Source: Ownwell

0.66%

0.92%

1.19%

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 Powell Tax Rate

0.66%

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 Powell, Anderson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37849	0.66%	0.66%	0.66%	0.66%	0.66%

Source: Ownwell

Property Tax Assessment Values Across Powell, Anderson County, Tennessee

When examining property taxes in Powell, 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 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 Powell. For example, the median home price in Powell is $123,500, with tax bills ranging significantly across the county. Zip code 37849 has the highest median home price at $123,500.

Property Tax Assessment Values Across Powell, Anderson County, Tennessee

Source: Ownwell

$44,500

$116,750

$189,000

Median Powell Market Value

$123,500

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 Powell, Anderson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37849	$35,620	$80,700	$123,500	$161,700	$218,820

Source: Ownwell

Property Tax Bills Across Powell, Anderson County, Tennessee

In Powell, located in Anderson County, TN, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. Homeowners in this region experience a median property tax bill of $825, significantly lower than the national median of $2,400. This lower tax bill is partly due to the area's relatively modest median home price of $123,500. Tax bills can vary, with the 25th percentile at $532 and the 75th percentile at $1,072, reflecting differences in property values and applicable exemptions. For homeowners, these tax bills can have a substantial impact on their annual expenses. However, with the right guidance, there are opportunities to save. Ownwell offers expert property tax appeal and exemption services, helping homeowners potentially reduce their tax liabilities. By assessing the accuracy of property valuations and ensuring all eligible exemptions are applied, Ownwell can assist in lowering tax bills, providing financial relief to homeowners in Powell.

Property Tax Bills Across Powell, Anderson County, Tennessee

Source: Ownwell

$286

$1,113

$1,940

Median Powell Tax Bill

$825

Median Anderson County Tax Bill

$1,127

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Powell, Anderson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37849	$234	$532	$825	$1,072	$1,445

Source: Ownwell